CTV National News for Wednesday, Oct. 29, 2025: Bank of Canada lowers interest rate to 2.25 per cent

King Charles removes Prince Andrew’s royal title and estate following the Epstein scandal; Canada pledges $5 million in life-saving aid and $2 million to the World Food Program to help Jamaica recover from Hurricane Melissa; Germany and South Korea are pitching their submarines to Canada as part of a potential million-dollar deal.

The Bank of Canada cuts the key interest rate to 2.25 per cent to protect Canadian businesses in the face of U.S. tariffs; BoC cut interest rate to 2.25 per cent to protect Canadian businesses, The Toronto Blue Jays break records in a big Game 5 win over the Dodgers to take a 3-2 lead in the World Series.

The latest on the devastation in Jamaica left by Hurricane Melissa as the storm now moves away toward Cuba and other parts of the Caribbean; The Toronto Blue Jays cap off a big win over the L.A. Dodgers in Game 4 to even the World Series 2-2; Prime Minister Mark Carney stops in Singapore to meet with political and business leaders before travelling to South Korea.

While in Malaysia for trade talks, PM Mark Carney responds to Doug Ford’s ad that led to Donald Trump ending tariff negotiations; Hurricane Melissa expected to bring flooding, landslides and widespread damage to Jamaica. 

U.S. President Donald Trump announces that he plans to increase tariffs on Canada by 10 per cent over Ontario’s anti-tariff ad;  Prime Minister Mark Carney travels to Malaysia for the ASEAN summit amidst U.S. President Donald Trump raising tariffs on Canada; Dodgers' Game 2 win over the Blue Jays to tie the World Series 1-1 and the lengths some fans went to see the game in Toronto.

The Toronto Blue Jays came out swinging in Game 1 of the World Series as they defeated the Los Angeles Dodgers, 11-4.; U.S. President Donald Trump’s sudden decision to cease trade talks with Canada over Ontario’s anti-tariff ad; PM Mark Carney travels to Malaysia for a summit where U.S. President Donald Trump will now be in attendance.

The FBI announced arrests of NBA player Terry Rozier and coach Chauncey Billups over alleged illegal sports betting; As the price of Blue Jays World Series tickets skyrocket, Ontario Premier Doug Ford vows to table legislation capping resale prices.

Prime Minister Carney outlines Ottawa’s ambitious agenda and promises of bold action ahead of next month’s federal budget; Auto manufacturer PACCAR announces 300 layoffs at its Quebec plant and why many are looking to Ottawa for answers; Ontario Premier Doug Ford’s government looking at cracking down on ticket re-sellers amid a massive mark-up on Blue Jays WS tickets.

The Blue Jays’ World Series run is boosting local businesses and Toronto’s tourism scene; The AG found the CRA provides accurate information to individual taxpayer only 17 per cent of time.

The Blue Jays are heading to the World Series after beating the Mariners in Game 7 of the ALCS; the feds are introducing a new agency to combat fraud and money laundering. Plus, a look at what’s driving up the price of Canadian beef.