The Canadian Press

Air Canada more than tripled its revenues last quarter as demand for travel revved back up, though a net loss of nearly $1 billion signalled the pandemic recovery is far from complete.

The governor of the Bank of Canada is signalling Canada's key interest rate could go up another half percentage point in June to help wrestle inflation under control.

Dave Schlosser's optimism comes amid the lifting of mask mandates, capacity restrictions and other health measures that cut into gatherings where consumers might have kicked back with a Truss product.

New measures to ensure Canada doesn't export sensitive technology to foreign adversaries are among the changes being eyed by Ottawa to bolster the country's economic security.

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.