Canada’s inflation rate climbed in February from the same month a year earlier, according to Statistics Canada data released on Tuesday.

Canadian grocery costs stayed high last month, though price growth slowed for items like meat and vegetables.

Following the release of Canada’s latest inflation data, one economist said he thinks the Bank of Canada should be comfortable with its actions thus far as it attempts to restore price stability.

BlackBerry Ltd. said Tuesday it is selling a sizable portion of patents tied to the company’s former smartphone business to Malikie Innovations Ltd. in a deal worth as much as US$900 million after a firm tied to a prior sale failed to secure financing.