By MarketsFarm
WINNIPEG, Oct. 27 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally.
– A new tax on billionaires is being proposed by Democrat Senators in the United States in an effort to create alternative revenue sources and pay for President Joe Biden’s sweeping policy agenda. The proposed tax would affect those with US$1 billion in assets or incomes of more than US$100 million a year. It would also be coupled with a new 15 per cent minimum corporate tax.
– Queen Elizabeth will not attend the upcoming United Nations climate conference in Glasgow, as she takes advice from her doctors to rest. The 95-year-old monarch will instead deliver a pre-recorded video message to the delegates.
– The African Union has suspended Sudan from participating in all activities of the group “until the effective restoration of the civilian-led Transitional Authority.” Thousands of people have taken to the streets demonstrating against the military coup that overthrew the country’s transitional government on Monday. Oil workers and doctors have also joined the calls against the military.
