The Dow Jones industrial average rose 485 points, or more than 4.5 percent. Toronto’s stock market closed on Tuesday with its worst-ever point drop — 850 points or 7.5 per cent of its value. World credit markets remain tight, and a key rate that banks charge to lend to one another shot higher Tuesday. The rise in the London Interbank Offered Rate, or LIBOR, underscores the anxiety slowing the world’s financial gears. On Wednesday a revised bailout plan looked to be headed for a Senate vote.”]
Source: https://www.cuinfosecurity.com/economic-update-bailout-bill-goes-to-senate-a-986