The Daily Chase: Canadian wildfires continue; Transat raises forecast amid strong travel demand

​We're continuing to track the reverberations from the Bank of Canada's decision to hop off the sidelines with yesterday's quarter-point interest rate increase.

WILDFIRES CONTINUE TO RAGE, BLANKETING NY IN SMOKE

There's little relief in sight as Canada's worst wildfire season on record continues. More than 400 fires are burning across the country, with the blazes in Ontario and Quebec posing a major problem for the financial capital of the world, as New York City remains under a thick blanket of smoke. That's prompted yet another shutdown of flights to LaGuardia, and the likes of Google have instructed employees to work from home rather than to brave the hazardous conditions. As for the Canadian business impact, it remains mostly isolated to shutdowns at a handful of mining facilities in close proximity to the fires.

TRANSAT BOOSTS FORECAST AS TRAVEL DEMAND RETURNS