Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver March 2, 2020

USDCAD spot rate: 1.3351 - 1.3356 (as at 8:17am PST)










North America:




Technical Support / Resistance:









Key Economic Data Releases:

- U.S. Markit: 50.7 (exp 50.8 / prev 50.8)

- U.S. ISM mfg PMI: 50.1 (exp 50.5 / prev 50.9)

Event Calendar:




Mar. 3

Mar. 4

Mar. 5

Mar. 6

Bank of Canada interest rate

Net employment change, unemployment rate, avg. hourly wages, int'l merchandise trade

ADP employment change, ISM non-mfg index

Jobless claims, factory orders

Non-farm payrolls, unemployment rate, avg. hourly earnings, trade balance

U.S. stocks headed for their first gain in 8 sessions as investors assessed prospects for central-bank intervention to mitigate the economic impact from the spreading coronavirus. The S&P 500 advanced Monday after suffering the worst week for the benchmark since 2008. Tech shares led gains as central banks from Japan to England joined the Federal Reserve in promising action as warranted. Adding to hopes, Group of Seven finance ministers plan to hold a teleconference Tuesday to discuss how to respond to the outbreak. The two-year Treasury yield sank through its 2016 lows and 10-year rates fell below 1.10%. Oil rallied on expectations that the OPEC+ alliance will deepen output cuts. Equities got a boost from a rare statement on Friday from the Federal Reserve, which opened the door to a rate cut based on the "evolving risks" posed by the outbreak. Central banks in Japan and the U.K. followed suit with supportive messages. But investors are weighing the comments against increasing pessimism from economists on global growth, with fears mounting that the virus will trigger more losses. The global death toll from the virus has surpassed 3,000. U.S. cases climbed over the weekend, with the first infections appearing in New York City, Brussels and Berlin, while cases jumped in hot spots of Italy, Iran and South Korea. Positive tests in Italy jumped by more than 500 to 1,694 on Sunday with 41 deaths. Lombardy, the region that includes the financial capital of Milan, accounted for almost 1,000 cases. Currently, the TSX is down 0.11% and the DJIA is up 1.41%. EURCAD is up 0.91% trading between 1.4723 and 1.4922. GBPCAD is down 0.61% trading between 1.6995 and 1.7223. JPYCAD is up 0.16% trading between 0.01228 and 0.01252. Gold is up 0.67% trading between $1,575 and $1,611USD/oz. Silver is up 0.65% trading between $16.43 and $17.05. Oil (WTI crude) is up 3.38% trading between $44.50 and $46.72.


Follow us

Follow us on Twitter @vbcefx


The information and opinions contained herein are gathered from sources which are thought to be reliable but the reader should not assume that the information and opinions are official or final. VBCE makes no warranty concerning the accuracy of the information and opinions, and accepts no liability for the consequences of any actions taken on the basis of the information and opinions provided. The content is for general information only and does not constitute in anyway giving financial advice.