The main highlight of the day will be the U.S. Treasury's release of details of its highly anticipated Public-Private Investment Program. Markets will also await the release of U.S. existing home sales and comments from Boston Fed President Eric Rosengren.

At 8:30 a.m. EDT, Statistics Canada will release its leading economic index for February, which is expected to decline 0.9% month-over-month following a 0.8% contraction previously.

U.S. Treasury Department plans to provide $500 billion to $1.0 trillion in subsidies to entities willing to purchase toxic assets from financial institutions, financed by the U.S. Treasury, the FDIC, and the Federal Reserve. The announcement is slated for 8:45 a.m. EDT.

At 10 a.m. EDT, the U.S. National Association of Realtors will release existing home sales for February. Economists expect sales to fall to 4.45 million from 4.49 million in January, a 0.9% month-over-month contraction compared to the previous 5.3% decline seen.

Also at 10 a.m. EDT, Boston Fed President Eric Rosengren (non-voter) will testify before the House Financial Services Committee.

8:30 CA Leading Indicators (M/M) February Exp: -0.9% Prior: -0.8%

10:00 US Existing Home Sales February Exp: +4.45M Prior: +4.49M

10:00 US Existing Home Sales (M/M) February Exp: -0.9% Prior: -5.3%

10:00 US Fed's Rosengren Testifies on Accessing Credit at House Panel

13:00 US Treasury to Sell $31B 3-Month Bills

13:00 US Treasury to Sell $29B 6-Month Bills

By Erik Kevin Franco, efranco@economicnews.ca, edited by Stephen Huebl, shuebl@economicnews.ca