North American stock markets plunged after U.S. President Donald Trump pulled the plug on fiscal stimulus negotiations until after next month's election. Markets were higher for most of the day until late in the afternoon when Trump said he has instructed aides to stop negotiating on another round of COVID-19 relief until after the election. We made a very generous offer of $1.6 Trillion Dollars and, as usual, she is not negotiating in good faith. I am rejecting their... —@realDonaldTrump"I have instructed my representatives to stop negotiating until after the election when, immediately after I win, we will pass a major Stimulus Bill that focuses on hardworking Americans and Small Business," Trump tweeted. Last week, the White House said it was backing a $400 per week pandemic jobless benefit and dangled the possibility of a COVID-19 relief bill of $1.6 trillion.

Source: CBC News October 06, 2020 20:48 UTC