The Daily Chase: Canadian inflation cooled in February; Blackberry to sell patent portfolio
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Canadian inflation continued to cool in February, with price pressures rising a smaller-than-expected 5.2 per cent year-over-year in the month – the largest deceleration in headline inflation since April 2020.
CALM BEGINS TO RETURN TO EQUITY MARKETS
It appears the turmoil on global equity markets is receding for the time being. Futures are pointing to further gains this morning, building on yesterday’s modest rally. It remains a financial stability story for the most part as investors assess contagion risk among the regional banks, with these gains coming on the back of reports U.S. officials are studying ways to temporarily guarantee all bank deposits, assuaging fears of further collapses. You can see that bear out in some of the individual stocks – shares of First Republic have been up as much as 20 per cent in the premarket, after several tumultuous sessions in the wake of SVB’s implosion.
BLACKBERRY STRIKES NEAR-BILLION DOLLAR PATENT DEAL
Gold seen as overbought as Iran tensions ease, with falling oil prices lifting stocks and shifting investor sentiment toward risk assets.
Stock markets in Canada and the U.S. rallied after President Donald Trump said the United States has talked with Iran about a possible end to the war.
A cautious relief swept through financial markets Monday after President Donald Trump said the United States has talked with Iran about a possible end to their war.
A pipeline leak in Sarnia, Ont., has been located more than a week after a sheen reportedly turned up on the St. Clair River.
U.S. President Donald Trump on Monday said the U.S. was talking with a “respected” Iranian leader and claimed the Islamic Republic was eager for a deal to end the war. He also extended a deadline for Iran to reopen the crucial Strait of Hormuz or face attacks on its power plants, saying it has an additional five days.
Berkshire Hathaway, the conglomerate built by Warren Buffett, is buying a 2.49 per cent stake in Japanese insurer Tokio Marine Holdings for about US$1.8 billion as part of a new strategic partnership, deepening its financial commitment to Japan.
Relief is ripping through financial markets after U.S. President Donald Trump said the United States has talked with Iran about a possible end to their war, despite Iran’s denials.
Asset management giant BlackRock’s CEO Larry Fink urged clients to stay invested despite ongoing market volatility, and highlighted that artificial intelligence is reshaping investment strategies and the broader economy.
Jurors wade through daunting evidence in high-stakes Meta trial about social media risks to children
A stream of testimony and evidence has been presented in a New Mexico case exploring what Meta knew about the effects of its platforms on children.
Global oil prices will continue to rise as the war in the Middle East continues and the Strait of Hormuz remains inaccessible, according to an energy expert.
Canada’s federally backed farm lender is offering financial aid to farmers, agricultural businesses and food companies hit by the spike in fertilizer and energy prices, it said on Friday.
Jay Allen is a fan of U.S. President Donald Trump, and voted for him on the belief that the Republican would cut taxes and trim regulations, helping his manufacturing business in northeast Arkansas.