National Business

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.

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.

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

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.