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Banks lower prime rates after Bank of Canada move

Banks lower prime rates after Bank of Canada move

TORONTO — Canadian banks are lowering their prime rates after the Bank of Canada cut its benchmark rate for the first time in four years. Banks including RBC, TD, BMO, CIBC and Scotiabank have lowered their rates to 6.95 per cent from 7.
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Stock market today: Wall Street barrels to more records as Nvidia tops $3 trillion in total value

Stock market today: Wall Street barrels to more records as Nvidia tops $3 trillion in total value

NEW YORK (AP) — Wall Street barreled to all-time highs as its frenzy around artificial-intelligence technology keeps sending stocks higher. The S&P 500 jumped 1.2% Wednesday to beat its record set two weeks ago.
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New Pamela Anderson, Bryan Baeumler shows among Corus' fall/winter plans

New Pamela Anderson, Bryan Baeumler shows among Corus' fall/winter plans

TORONTO — A Pamela Anderson cooking show and a new docuseries from Bryan and Sarah Baeumler are among the homegrown highlights of Corus Entertainment’s TV plans, with the broadcaster’s content boss touting a focus on unscripted “Canadian content that
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Bank of Canada cuts key interest rate for first time in more than four years

Bank of Canada cuts key interest rate for first time in more than four years

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.
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Bank of Canada's rate cut could spur housing demand as Toronto home sales fall in May

Bank of Canada's rate cut could spur housing demand as Toronto home sales fall in May

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.
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NBA advocates for federal regulatory gambling framework in wake of Porter ban

NBA advocates for federal regulatory gambling framework in wake of Porter ban

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.
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Proposed class action launched against TD related to anti-money-laundering issues

Proposed class action launched against TD related to anti-money-laundering issues

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.
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Competition Bureau says SiriusXM Canada agrees to pay $3.3-million penalty

Competition Bureau says SiriusXM Canada agrees to pay $3.3-million penalty

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.
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Boeing launches NASA astronauts for the first time after years of delays

Boeing launches NASA astronauts for the first time after years of delays

CAPE CANAVERAL, Fla. (AP) — Boeing launched astronauts for the first time Wednesday, belatedly joining SpaceX as a second taxi service for NASA.
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UN secretary-general calls for 'windfall' tax on profits of fossil fuel companies

UN secretary-general calls for 'windfall' tax on profits of fossil fuel companies

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.
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