National Business

OTTAWA — The Bank of Canada marked a major turning point in its fight against inflation on Wednesday as it lowered its key interest rate for the first time in more than four years, making it the first central bank in the G7 to cut rates.

TORONTO — Real estate market analysts say the Bank of Canada's much anticipated decision to lower its key interest rate could be the sign that many would-be homebuyers have been waiting for to make their move.

The NBA's deputy commissioner and chief operating officer says the league wants a strong federal regulatory framework for legalized gambling in the United States.

TORONTO — A proposed class-action lawsuit has been launched against TD Bank related to the ongoing investigations into the bank's anti-money-laundering program in the U.S.

GATINEAU, Que. — The Competition Bureau says SiriusXM Canada has agreed to pay a $3.3-million penalty after an investigation into the satellite radio and streaming company's subscription plan pricing.

CAPE CANAVERAL, Fla. (AP) — Boeing launched astronauts for the first time Wednesday, belatedly joining SpaceX as a second taxi service for NASA.

GENEVA (AP) — U.N. Secretary General António Guterres called Wednesday for a “windfall” tax on profits of fossil fuel companies to help pay for the fight against global warming, decrying them as the “godfathers of climate chaos.

One of the buzziest artificial intelligence chatbots in the global tech sector has arrived in Canada with the hope of spreading its safety-first ethos.

OTTAWA — The Bank of Canada cut its key interest rate target by 25 basis points to 4.75 per cent on Wednesday. Here is the text of the central bank's decision: The Bank of Canada today reduced its target for the overnight rate to 4.

TORONTO — Labatt Breweries of Canada and the National Hockey League have announced a deal that will see Budweiser become an official beer of the NHL in Canada. Financial terms of the multi-year agreement were not immediately available.