The Canadian Press

 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.

A high-profile pricing dispute that saw one of Canada's largest food makers stop shipments of chips and snacks to the country's largest grocer has been resolved.

Proposal would preserve founder and CEO Tobi Lütke's voting power, but provide sunset provisions that prevent him from transferring that power.

Spending plan targeted at speeding the flow of goods through the country's supply chains, boosting housing supply and jolting businesses out of an anemic period of investment.

After two years of pandemic-induced uncertainty, the federal Liberals are readying to deliver an updated spending blueprint in a 2022 budget that, by all accounts, has been influenced by fast-changing circumstances.

Bank's latest Business Outlook Survey found that more than two-thirds of businesses anticipate inflation will be above three per cent, on average, over the next two years.

Coming out of the COVID-19 pandemic, an association of manufacturers and exporters worries the country will fall further behind competitors in peer nations without the right push now.