The cut on Wednesday, the fourth in a row, was bigger than expected as September inflation sank below target. The Bank of Canada on Wednesday reduced its key benchmark rate by 50 basis points to 3.75 percent, its first bigger-than-usual move in more than four years, and hailed signs that Canada has returned to an era of low inflation. The country’s central bank, which hiked rates to a...

Israeli warplanes have attacked multiple buildings in Lebanon’s southern coastal city of Tyre, sending up large clouds of black smoke, as the Lebanese armed group Hezbollah confirmed that a top official widely expected to be the group’s next leader had been killed in an Israeli strike. There were no reports of casualties in Tyre, where the Israeli military had issued evacuation warnings ahead of the strikes. The Lebanese...