The Canadian Press

He wouldn't rule out pushing rates beyond 50 basis points all in one sitting, after moving to lift rates by that amount to one per cent just last week, but said he "is prepared to be as forceful as needed."

Statistics Canada says core retail sales -- which exclude sales at gasoline stations and motor vehicle and parts dealers -- rose 1.4 per cent.

Hexo says the Truss Beverage operations – a joint venture with Molson Coors Canada – are not affected by this change and will continue to operate out of the Belleville plant.

While gasoline prices are big part of the picture, having jumped last month by 39.8 per cent compared with March 2021, price pressures are far broader.

Pension fund manager says it is looking to make investments in the sector comprise seven to 10 per cent of its net assets over the next five to 10 years, up from about three per cent today.

The federal government plans to spend more than a half-billion dollars to fix supply chain issues, but experts say it falls far short of the kind of comprehensive strategy that's needed.

 The Bank of Canada raised its key interest rate by the highest amount in more than 20 years and warned more rate hikes are coming as it increased its outlook for inflation.

The Bank of Canada is gearing up to announce its next move on interest rates this Wednesday, with Bay Street forecasters expecting a 50 basis-point increase.

Cannabis company Tilray Brands Inc. has signed a definitive agreement in its proposed plan with rival Hexo Corp. first announced last month.

Inflation soared over the past year at its fastest pace in more than 40 years, with costs for food, gasoline, housing and other necessities squeezing American consumers and wiping out the pay raises that many people have received.