US initial jobless claims rose 21k to 231k in the weekended Mar 3. Prior week’s 210k was the lowest since 1969. Four week moving average rose 2k to 222.5k. Continuing claims dropped 65k to 1.87m in the week ended February 24.
From Canada, housing starts rose to 229.7k in February, above expectation of 220k. New Housing price index rose 0.0% mom in January versus expectation of 0.1% mom. Building permits rose 5.6% mom in January versus expectation of 1.3% mom.
Markets are now listening to ECB Draghi’s press conference, and await Trump’s order of steel and aluminum tariffs
