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UPDATE 4-Canadian wildfire explodes in size, forces more evacuations

LAC LA BICHE, Alberta, May 5- A catastrophic wildfire that has forced all 88,000 residents to flee Fort McMurray in Alberta, Canada exploded tenfold in size on Thursday, cutting off evacuees in camps and shelters north of the city. The out-of-control blaze has burned down entire neighborhoods of Fort McMurray in Canada's energy heartland and forced a...

Source: Reuters

UPDATE 8-Oil up on fire curbs Canada output; higher dollar, stockpiles cap gains

NEW YORK, May 5- Oil prices surged on Thursday after a raging wildfire near Canada's oil sands region curbed output that mainly flows to the United States, before settling off their highs as a rebounding dollar and a huge U.S. stockpile build cut into gains. While the oil sands facilities are mostly to the north of the wildfire in city of Fort McMurray in Alberta that...

Source: Reuters

US STOCKS-Wall St slips as consumer stocks, oil drag

May 5- Wall Street gave up early gains and slipped into the red in afternoon trading on Thursday, dragged down by consumer discretionary stocks and retreating oil prices. Oil prices had jumped on concerns that a huge wildfire in Canada's oil sands region and escalating tensions in Libya would hit supply, but later slipped well off their highs.

Source: Reuters

April retail sales confirm spring off to a slow start

Several retailers reported April numbers that disappointed.

Source: CNBC.com

SOFTS-Raw sugar pivots off 1-1/2-year peak to slump 5 pct

NEW YORK/ LONDON, May 5- Raw sugar futures on ICE sank on Thursday in a sharp turnaround that yanked prices down more than 1 cent below a 1-1/ 2- year high as heavy speculative selling triggered automatic sell orders, traders said. ICE July raw sugar settled down 0.81 cent, or 4.9 percent, at 15.84 cents per lb. Earlier, prices climbed to 16.87 cents, the highest for the spot...

Source: Reuters

UPDATE 6-Oil up 3 pct as Canada fire, Libya violence unleash supply fears

*Fighting in Libya escalates, disrupting supplies. In Libya, the state's already crippled oil production was at further risk from a stand-off between eastern and western political factions that prevented a Glencore cargo from loading. Brent futures were up $1, or 2.2 percent, at $45.62 a barrel by 10:51 a.m. EDT, after soaring more than $2 earlier to $46.77.

Source: Reuters

UPDATE 1-Trump's deportation plan could slice 2 pct off U.S. GDP -study

NEW YORK, May 5- Donald Trump's vow to round up and deport all of America's undocumented immigrants if he is elected president could shrink the economy by around 2 percent, according to a study to be released on Thursday by conservative think tank the American Action Forum. About 6.8 million of the more than 11 million immigrants living in the United States...

Source: Reuters

Trump's deportation plan could slice 2 pct off U.S. GDP -study

NEW YORK, May 5- Donald Trump's vow to round up and deport all of America's undocumented immigrants if he is elected president could shrink the economy by around 2 percent, according to a study to be released on Thursday by conservative think tank the American Action Forum. About 6.8 million of the more than 11 million immigrants living in the United States...

Source: Reuters

Canadian Natural Resources reports smaller quarterly loss

May 5- Canadian Natural Resources Ltd reported a smaller quarterly loss as cost cuts paid off amid a slump in oil prices. Canada's largest independent petroleum producer said its net loss narrowed to C $105 million, or 10 Canadian cents per share, in the first quarter ended March 31, from C $252 million, or 23 Canadian cents per share, a year earlier.

Source: Reuters

UPDATE 1-China's commodities lose more froth as economic worries underpin curbs

*Dalian iron ore, Shanghai rebar down for third day. Mixed signals on China's economic health have also weighed on sentiment, breaking earlier perceptions that the world's second-largest economy had stabilized. Trading volumes have tapered off from record highs hit in April after China's securities regulator told commodity exchanges in Shanghai, Dalian...

Source: Reuters