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Canadian Wildfires Expand and Could Now Drag on Canada's GDP

5/06/16 7:14 AM EDT

The Canadian Wildfires have expanded and now cover an area larger than New York City. Dry weather is expected, which would make the conditions worse. The wildfires and their impact on the oil sands region of Alberta could erase second quarter growth in Canada entirely. The Labor Department will issues it non-farm payroll report for April today. Economist forecast 200,000 new jobs last month and the unemployment rate to hold steady at 5%. The numbers could impact the Federal Reserve decision on monetary policy. The monthly reports could also begin to impact the November general elections. GoPro (GPRO - Get Report)  says its drone will remain grounded for now. It delayed the launch of its first drone till the winter holidays instead of June as originally scheduled. CEO Nick Woodman mentioned the delay during a conference call but didn't elaborate on the cause. GoPro said revenue was down 50%, which was a smaller drop than expected.

Stocks in this video: GPRO
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