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.

VANCOUVER — Supervised injection sites are saving the lives of drug users everyday, but the same support is not being offered to people who inhale illicit drugs, the head of the BC Centre for Excellence in HIV/AIDS says. Dr.

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.

Federal legislation introduced Wednesday aims to give the fire-ravaged Rocky Mountain town of Jasper, Alta., full authority over local land planning and development instead of Parks Canada.

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 — Montreal police have arrested two people on drug charges following an investigation into the death of a 15-year-old boy from a synthetic opioid overdose last December, a case that made headlines across Quebec.