Global Markets: Authorities search for answers in Las Vegas

By Commodity News Service Canada

Oct. 5 (CNS Canada) – The following is a glance at the news moving markets in Canada and globally.

– Investigators are poring over the fine details of Stephen Paddock’s life, trying to figure out why he fired bullets into a crowd of people at a Las Vegas country music concert, killing 58 and injuring almost 500. They think he may have had help planning the massacre or in accumulating the arsenal he had assembled.

– Toronto city council has voted against 24-11 against naming a stadium after former mayor Rob Ford. Current mayor John Tory recommended naming a stadium after the controversial Ford.

– U.S. President Donald Trump’s tax reform plan may run into early trouble as high-ranking Senate Republican Bob Corker saying he would pull support if the plan caused any increase in the federal budget deficit. The U.S. federal government has an annual deficit of US$550 billion. Trump’s tax reform plan would cut as much as US$6 trillion in taxes and reduce government revenue.

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