ERTS Reports Q3 Adjusted EPS of $0.33, $1.24bln in Revenue

February Housing Starts fell 5.9% to 575k -right on consensus - after an upward revision of 20k to 611k in the January data....continued

Change in Inventories: 0.0% Change in Inventories ex-Petroleum: -0.1% Change in Sales (Shipments): 2.4% Inventory/Sales Ratio: 1.33 January Canadian manufacturing sales advanced 2.4% to C$44.6bln from a revised 1.9% rise (previously reported as a 1.6% increase), beating the consensus estimate of a 0.6% gain....continued

Labour Productivity Q/Q: 1.4%Hourly Compensation Quarterly: 1.3%Unit Labour Costs Quarterly: 0.0%Canadian Labour Productivity surged 1.4% after declining 0.2% in Q3, beating the consensus estimate of a 0.7% increase....continued

Preview: February US Housing Starts & Building Permits...continued

Labour Productivity Q/Q: 0.7% Hourly Compensation Quarterly: 0.4% Unit Labour Costs Quarterly: 0.4% Q4 Labour Productivity for Canadian businesses is expected to increase 0.7%, after retreating 0.2% in the previous quarter....continued