National Business

NEW YORK — The parent of Silicon Valley Bank, seized last week by the U.S., is filing for Chapter 11 bankruptcy protection.

OTTAWA — Canada's inflation rate likely took another dip last month, but with many Canadians still struggling with the cost of living, the federal government is facing pressure to deliver more help in the upcoming budget.

CHARLOTTETOWN — A lack of affordable housing on Prince Edward Island has some questioning whether the province is running out of room for those who want to call it home, making dwindling real estate one of the major issues in the upcoming election.

BANGKOK (AP) — Shares advanced Friday in Asia, tracking a rally on Wall Street after a group of big banks offered a lifeline to First Republic Bank, the lender investors had focused on in their latest hunt for troubles in the banking industry.

NEW YORK (AP) — Eleven of the biggest U.S. banks Thursday announced a $30 billion rescue package for First Republic Bank in an effort to prevent it from becoming the third to fail in less than a week and head off a broader banking crisis.

NASHVILLE, Tenn.

GATINEAU, Que. — Hexo Corp. reported a net loss of $11.1 million in its latest quarter, up from a year earlier, when it reported a loss of $690.3 million, which included $616 million in one-time impairment charges. The Gatineau, Que.

MONTREAL — A new private equity firm based in Ottawa says it has acquired the company behind one of the world's largest pornography sites, Pornhub.

TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (19,539.01, up 160.17): Suncor Energy Inc. (TSX:SU). Energy. Down 22 cents, or 0.55 per cent, to $40.05 on 23.2 million shares.

TORONTO — Markets in Canada and the U.S. climbed steadily Thursday in yet another reversal during a volatile week, with tech helping drive strength as well as some signs of recovery in embattled financial stocks.