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The Day Ahead

Good morning – its Tuesday March 8th, the 67th day of 2005.

Same-store sales1 were off 0.4% compared to the prior week, but up year over year 3.3% against the same period in 2004.

In Canada, housing starts2 rose 5.3% in February, coming in somewhat under analyst expectations but strong enough to allay some fears of a sector slowdown, sparked by January’s surprise drop of 11%.

US Market Calendar

  • 7:45 am: ICSC-UBS Store Sales1
  • 8:55 am: Redbook – Mar. 5th week

Canadian Market Calendar

  • 8:15 am: Housing Starts – Feb.2

Earnings and the Federal Reserve

For earnings highlights, please see today's WSJ Earnings Calendar.

For a list of upcoming speeches, congressional testimony, Federal Open Market Committee material, and statistical releases, please visit the What's Next page of The Federal Reserve Board website. Recently released Federal Reserve Board material, including market moving FOMC decisions and speeches by members, will be found on their What's New page.

1 Retail chains´ comp-store sales off 0.4% last week

2 Housing starts rise

05.03.08 08:43 #