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New BlackBerry boss John Chen.
New BlackBerry boss John Chen.
(LUCAS JACKSON/REUTERS)

streetwise

BlackBerry’s fast-moving CEO inspiring investors

Congratulations, BlackBerry Ltd. shareholders. You were promised $9 (U.S.) a share. You have $9 a share, and more.

It took a little patience, but not nearly as much as most anybody thought.

In trading in Toronto on Monday, the smartphone maker’s shares soared 8.2 per cent to $10.80 (Canadian). U.S. markets were closed for Martin Luther King Jr. Day, but when Nasdaq trading opens on Tuesday, the stock will surely be well on its way to $10 (U.S.) there too.