National Business

The gap in interest rate policies between Canada and the U.S. is set to widen further as the Bank of Canada cut its key lending rate by a quarter-point on Wednesday, while the U.S. Federal Reserve is forecast to hold rates later this afternoon.

Experts say homeowners with variable mortgage rates will benefit from lower monthly payments after the Bank of Canada's latest cut to its key policy rate. Calculations conducted by Ratehub.

JUBA, South Sudan (AP) — A small plane chartered by a Chinese oil company crashed Wednesday in a remote part of South Sudan, killing 20 people, authorities said. One passenger survived. The flight chartered by Greater Pioneer Operating Co.

LONDON (AP) — Advanced artificial intelligence systems have the potential to create extreme new risks, such as fueling widespread job losses, enabling terrorism or running amok, experts said in a first-of-its-kind international report Wednesday catal

HALIFAX — A climate change think tank has released a guide encouraging municipalities to assign specific dollar values to natural assets ranging from wetlands to coastal dunes.

TORONTO — Canada's main stock index moved higher in late-morning trading as the Bank of Canada cut its key lending rate, while U.S. stock markets were mixed ahead of a rate decision by the U.S. Federal Reserve.

TORONTO — Ontario voters are set to head to the polls in a rare winter election.

OTTAWA — The Bank of Canada cut its key policy rate by 25 basis points on Wednesday, bringing it to three per cent.

TORONTO — BMO, Porter Airlines and Mastercard are launching a new credit card option for travellers looking to earn points for the airline's reward program VIPorter.

MONTREAL — CGI Inc. reported a first-quarter profit of $438.6 million, up from $389.8 million a year ago, and announced a deal to buy BJSS, a technology and engineering consultancy based in the United Kingdom.