The Daily Chase: Canadian inflation cooled in February; Blackberry to sell patent portfolio
BNN Bloomberg
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
