USDCAD spot rate: 1.3290 - 1.3295 (as at 7:18am PST)
Technical Support / Resistance:
Key Economic Data Releases:
- U.S. Initial jobless claims 202k (215k exp.) 217k previous
Net employment change, unemployment rate, Avg. hourly wages, Ivey PMI
Non-farm payrolls, unemployment rate, Avg. hourly earnings
U.S. stocks touched an all-time high as China's plans for tariff cuts on American imports and a slate of positive earnings reports overshadowed lingering concern about the economic hit from the coronavirus. The S&P 500 was up more than 3% for the week as it edged higher Thursday, with companies focused on consumer staples faring the best. Stocks gained in Europe and soared in Asia after China said it will lower levies on $75 billion of U.S. goods next week, adding a tailwind to growth. While some warn of complacency among investors, others flag support from central banks and recent economic indicators showing an expansion. Currently, the TSX is up 0.11% and the DJIA is up 0.13%. EURCAD is up 0.04% trading between 1.4590 and 1.4626. GBPCAD is down 0.02% trading between 1.7195 and 1.7269. JPYCAD is up 0.11% trading between 0.01206 and 0.01210. Gold is up 0.54% trading between $1,552 and $1,568USD/oz. Silver is up 0.98% trading between $17.61 and $17.88. Oil (WTI crude) is up 1.30% trading between $50.44 and $51.80.