Daily Three: Canadian Fire Damage, Japanese Currency Strength and Puerto Rican Debt Crisis
- The damage from the wildfires in Alberta may have a larger impact on the Canadian economy than Hurricane Katrina did on the U.S. economy in 2005. Bloomberg
- Japanese Finance Minister Taro Aso reiterated the idea that Japanese authorities could intervene in the currency market if the yen became too strong Reuters
- U.S. Treasury Secretary Jack Lew traveled to Puerto Rico as the U.S. territory debt situation worsens CNBC