Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver February 19, 2020

USDCAD spot rate: 1.3235 - 1.3240 (as at 8:05am PST)

Technical Support / Resistance:

Key Economic Data Releases:

- Canadian CPI: 0.3% (exp 0.2% / prev 0%)

- U.S. housing starts: 1.567M (exp 1.425M / prev 1.626M)

- U.S. bulding permits: 1.551M (exp 1.45M / prev 1.42M)

Event Calendar:

Equities advanced on signs that China may be planning further measures to support its economy as it reels from a virus-induced slowdown and after U.S. data pointed to solid growth. Chipmakers led the S&P 500 Index's gains after Bloomberg News reported that China's latest moves to aid growth include possible bail-outs for hard-hit industries. The dollar climbed to a four-month high after data on housing starts and building permits exceeded analysts' estimates. Treasuries held steady. The Stoxx Europe 600 Index headed toward a record close, and shares climbed in Tokyo, Hong Kong and Sydney. The yen fell to a nine-month low on concern Japan's economy may slip into a recession. Oil rose as U.S. sanctions on Russia's largest producer and conflict in Libya put the focus on supply threats. Investors appear relatively confident in the ability of policy makers to contain fallout from the deadly coronavirus, even after Apple Inc. spooked markets earlier this week by warning of a slowdown in sales. Data released Wednesday showed the housing market remains a bright spot for the U.S. economy amid sluggish business investment. Elsewhere, gold traded near its highest level since 2013, while palladium extended its record-breaking rally on forecasts for a widening deficit. Currently, the TSX is up 0.27% while the DJIA is up 0.29%. EURCAD is down 0.12% trading between 1.4260 and 1.4319. GBPCAD is down 0.50% trading between 1.7121 and 1.7235. JPYCAD is down 0.10% trading between 0.01192 and 0.01205. Gold is up 0.35% trading between $1,599 and $1,611USD/oz. Silver is up 0.61% trading between $18.15 and $18.39. Oil (WTI crude) is up 1.51% trading between $51.92 and $52.92.