National Business

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.

SANTA FE, N.M. (AP) — An incumbent district attorney pursing an involuntary manslaughter charge against Alec Baldwin fended off a Democratic challenger in New Mexico’s primary election on Tuesday to ensure her reelection.

NEW DELHI (AP) — Prime Minister Narendra Modi declared victory for his alliance in India’s general election, claiming a mandate to move forward with his agenda, even though his party lost seats to a stronger than expected opposition, which pushed bac

Flair Airlines chief executive Stephen Jones will be stepping down this summer after nearly four years at the helm of the discount carrier.

Caledon, Ont., is preparing to welcome the world — through the RBC Canadian Open — to its rolling green hills.

CALGARY — WestJet Airlines has replaced its basic ticket tier with a new fare category that does away with a free carry-on bag and other perks travellers once took for granted.

CALGARY — An Indigenous group that opposed the construction of the Coastal GasLink pipeline is urging banks and investors against financing a proposed second phase of the project. Hereditary chiefs of the Wet'suwet'en First Nation of B.C.

TORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange: Toronto Stock Exchange (21,978.18, down 138.51 points): Suncor Energy Inc. (TSX:SU). Energy. Down $1.49, or 2.81 per cent, to $51.47 on 11.6 million shares.

TORONTO — Weakness in energy and base metals led Canada's main stock index to a loss Tuesday, the day before a much-anticipated interest rate decision from the Bank of Canada, while U.S. markets rose. The S&P/TSX composite index was down 138.