20 March 2014



Today’s Issue Cluster: Canada

TV – Subscriptions Fall for First Time as Viewers Cut the Cord
EZ – Wage costs rise for the first time in 9 months
Pharma – Half of US adults 40 to 75 eligible for statins


DATA POINTS

NZ – Q4: Growth Exceeds 3% as Wheeler Set to Keep Raising Rates; +3.1% from +3.3% / B

US – Feb: NAR existing home sales edge down; -0.4% / R / B *

US – Feb: ConfBd Leading Indicators Rose; +0.5% from +0.1% / B

US – Mar: Philly Fed factory activity index jumps; +9.0 from -6.3 / R *

US – Week: Jobless Claims Rise; +5k to 320k / WSJ / R / AP / B *


MARKETS



ECONOMICS

Canada – How low will inflation go? Perhaps too low for comfort CBC

Canada – ‘Middle class is getting richer, a lot richer’ FP *

Canada – ‘Don’t worry about skyrocketing household debt’ q * *

Canada – The more the merrier E *


POLITICS & FISCAL POLICY

Ukraine – Merkel Declares G-8 Defunct FT / WSJ / AP / R / NYT / AP / B / AP

Ukraine – Moscow signals concern for Russians in Estonia R

Ukraine – EU considers effect of more Russian sanctions FT / WSJ

Ukraine – Prospect of tough sanctions on Russians hits City realpolitik FT / FT *

Ukraine – Banks with most exposure to Russian assets / r *

Ukraine – If History Is a Guide, Crimeans’ Celebration May Be Short-Lived NYT *

Ukraine – UK urges EU to cut energy reliance on Russia FT

Ukraine – Europe turning to North America to wean itself off Russian energy FP / G&M * *


MONETARY POLICY

Fed – Yellen rate-rise stumble confuses markets FT / WSJ / NYT / B / AP / R / nyt / bi * * * * * *

BOC – Poloz Sees ‘Soft’ Growth WSJ / B / G&M * *


FINANCE

EU – Reaches Deal on Bank-Failure Bill FT / WSJ / R / AP / B / NYT

US – Riskier corporate loans make US comeback FT


REAL ESTATE

Lumber – Canadian National Won’t Move More Until Backlog Clears WSJ / FP

Lumber – Oregon program would pay timber-lot owners for the carbon their trees absorb AP *

Lumber – US Company Eyes $1.5b in Australian Timber WSJ *

Lumber – Illegal Loggers Tap Australian Prize WSJ *


SERVICES

TV – Subscriptions Fall for First Time as Viewers Cut the Cord B / q * *


MANUFACTURING

Planes – FAA says Boeing 787’s design, manufacture safe WSJ / R / AP / NYT

Planes – EU Vote Raises Doubts Over Chinese Airbus Orders WSJ


TECH

Mobiles – China’s big three online rivals are transforming inefficient sectors of the economy FT * * *

Mobiles – Investors Blame Bankers for Japan Display Flop WSJ / AFP / R * *


TRADE & TRANSPORTATION

Ship – Toll rises as Vancouver port strike drags on G&M *

Rail – Canada energy sector wary of legislation G&M

Rail – Canada to make it easier to shut down problem roads R *

Pipeline – Energy East benefits overblown, report says CBC / G&M *

Energy – How much oil does Canada export to US? EIA *


COMMODITIES

Cocoa – A Sour Bean Sweetens Supply WSJ *

Cocoa – Ants Impacting Chocolate Supply bi *


ENERGY & ENVIRONMENT



LABOR & EDUCATION

EZ – Wage costs rise for the first time in 9 months R / m * *


HEALTH

Pharma – Half of US adults 40 to 75 eligible for statins AP

Tech – DNA Test Detects Colon Cancer at Higher Rate, Study Finds WSJ *


ENDNOTES

A Russian Prediction for US Separatism: “The Divided States of America” Komsomolskaya Pravda *


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