Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver December 15, 2020

USDCAD spot rate: 1.2740 - 1.2745 (as at 5:50am PST)

Technical Support / Resistance:

Key Economic Data Releases:

- Canadian Housing starts 246k (215k exp.) 215k previous

Event Calendar:

Stock futures rose Monday morning as more updates on the stimulus front out of Washington helped at least temporarily offset concerns over the potential for more virus-related restrictions.

Contracts on the S&P 500 ticked up by about 0.6%, after the index logged a fourth straight session of declines a day earlier. Dow futures rose by about 150 points, or 0.5%, and Nasdaq futures increased 0.4%.

COVID-19 cases and hospitalizations continued to march higher across the U.S., and the country crossed the grim milestone of 300,000 total COVID-related deaths on Monday.

Though the first batch of Pfizer's (PFE) vaccine started getting distributed this week, Americans are still set to contend with the virus for at least the next several months as drugmakers produce and ship the inoculations across the country and the world. Goldman Sachs economists said in a note Monday they expect 50% of the U.S. population could likely be vaccinated in April.

Currently, the TSX is up 0.25% and the DJIA is up 0.51%. EURCAD is down 0.25% trading between 1.5453 and 1.5519. GBPCAD is up 0.27% trading between 1.6943 and 1.7078. JPYCAD is up 0.08% trading between 0.01224 and 0.01227. Gold is 1.22% trading between $1,825 - $1,850USD/oz. Silver is up 2.24% trading between $23.83 - $24.44. Oil (WTI crude) is up 0.84% trading between $46.56 - $47.34.