August 23, 2016 / 7:37 PM / a year ago

Alberta says Fort McMurray fires cost C$500 mln, ups deficit forecast

CALGARY, Alberta, Aug 23 (Reuters) - The massive wildfire that ripped through the oil sands hub of Fort McMurray in northern Alberta in May will cost the province an estimated C$500 million ($387.33 million) in 2016-17, the Alberta government said on Tuesday in a first quarter fiscal update.

The Canadian crude-producing province's 2016-17 deficit is now forecast to be C$10.9 billion, C$527 million higher than estimated in the April budget. ($1 = 1.2909 Canadian dollars) (Reporting by Nia Williams; Editing by Sandra Maler)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below