North American equity markets are in rally mode following a couple of rocky sessions, with the Dow Jones Industrial Average tracking to snap five straight days of declines.
matching expectations, and we’re seeing some signs of life in the bank stocks. Back to that inflation print south of the border – six per cent is still triple the target rate, but that *is* a moderation from the prior 6.4 per cent print.
The Globe and Mail is reporting OSFI is taking steps towards daily check-ins with Canadian financial institutions to monitor their liquidity in the wake of SVB’s collapse. Cineplex says things are slowly creeping back to normal, reporting box office revenues in February were 88 per cent of their 2019 levels as studios ramp up the release of blockbuster films.Notable data: Construction Investment, Manufacturing Sales & Orders, U.S. NFIB Small Business Economic Trends Survey, U.S. Consumer Price Index, U.S. Quarterly Services Survey
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