Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver October 8, 2019

USDCAD spot rate: 1.3305 - 1.3310 (as at 8:36am PST)

Technical Support / Resistance:

Key Economic Data Releases:

- U.S. PPI 1.4% (1.8% exp) 1.8% previous

- Canadian Housing starts 221.2K (214.5K exp.) 226.9k previous

- Canadian Building permits 6.1% (-1.0% exp.) 3.2% previous

Event Calendar:

Stocks have moved lower today on trade pessimism.

A couple of stories are coming forward. One says that the Trump administration is moving ahead with possible restrictions on capital flows into China, including investments from US government pension funds. This follows a similar story about capital controls. According to people familiar with the meeting, the administration's focus is now on ways to further scrutinize index providers' decision to add Chinese firms they consider a material risk for American investors. It's still unclear what legal authority the White House would rely on to force major indexes to drop certain Chinese companies. A separate report from the SCMP says China is already considering a plan to cut short its stay in Washington by one night and that Beijing is subtly toning down expectations. "There's not much optimism," a source was quoted as saying. Currently, the TSX is down 0.65% while the DJIA is down 1.27%. EURCAD is up 0.13% trading between 1.4581 and 1.4646. GBPCAD is down 0.52% trading between 1.6233 and 1.6355. JPYCAD is up 0.74% trading between 0.01236 and 0.01248. Gold is up 0.93% trading between $1,486 and $1,508USD/oz while silver is up 2.24% trading between $17.29 and $17.80. Oil (WTI crude) is down 1.34% trading between $51.83 and $53.26.