National Business

WASHINGTON (AP) — The Federal Reserve on Wednesday cut its benchmark interest rate by an unusually large half-point, a dramatic shift after more than two years of high rates that helped tame inflation but also made borrowing painfully expensive for A

EDMONTON — Alberta Premier Danielle Smith says her government’s $8.6-billion plan to fast-track building new schools will include a pilot project to incentivize private ones.

NEW YORK (AP) — The company behind Tupperware, the plastic kitchenware that revolutionized food storage after World War II and became inextricably linked to the parties where women seeking a measure of financial independence and fun in midcentury Ame

TORONTO — Sleep Country Holdings Inc. shareholders have voted in favour of selling the business to Fairfax Financial Holdings Ltd. for $1.7 billion. The mattress retailer says 99.

MONTREAL — Scotiabank says it's appointed Jean-François Courville to a new role as president of the bank's Quebec operations. The bank says the new role is designed to support its strategy to grow in the province of Quebec.

Corus Entertainment's co-leader says the broadcaster is confident its two new lifestyle brands can "compete and win" against Food Network and HGTV after losing both networks' Canadian content rights to Rogers Communications Inc.

TORONTO — In buying out Bell's ownership share of Maple Leaf Sports & Entertainment, Rogers Communication is going all-in. Rogers announced Wednesday it is purchasing Bell's 37.5 per cent share of MLSE for C$4.

BEIRUT (AP) — Walkie-talkies and solar equipment exploded in Beirut and other parts of Lebanon on Wednesday in an apparent second wave of attacks targeting devices a day after pagers used by Hezbollah blew up , state media and officials for the milit

MONTREAL — Low entry-level pay in the tentative deal between Air Canada and its pilots could be a stumbling block ahead of a union vote on the agreement, some aviators and experts say.

GATINEAU, Que. — A new proposal from the country's transport regulator would charge airlines $790 for each passenger complaint it resolves — regardless of which party wins the dispute.