It’s your business! Lending rate up, WestJet to buy Sunwing

Three notable business stories are unfolding Wednesday. The Bank of Canada has finally started what is expected to be a steady climb in its key rate. Today it was bumped to 0.5 percent. Elsewhere, WestJet is reportedly about to wrap up a deal to buy Sunwing. And for those wondering how much they lost so far today, well, the Toronto and New York markets turned up for a change.