USDCAD spot rate: 1.3390 - 1.3395 (as at 7:52am PST)
On Friday, USDCAD traded from 1.3317 up to 1.3392 before easing lower to close the week at 1.3338. Overnight, the pairing tested the 1.3315 area for the 3rd consecutive day before bouncing to 1.3359. In North American trade this morning, USDCAD has seen a slow climb to 1.3399 in the absence of any key data. Pull backs have been limited to 1.3382 thus far. The AUD is the worst performing currency today with AUDCAD falling to a 6 month low while the JPY is the best preforming currency. Later today, Fed Yellen speaks about the U.S. jobs market while the U.S. electoral college vote presents some further event risk. Later this week, U.S. 3rd quarter GDP along with Canadian CPI, retail sales, and GDP present the event risk. Currently, the TSX and the DJIA are both up roughly 0.30%. EURCAD is up 0.30% trading between 1.3906 and 1.4000. GBPCAD is down 0.60% trading between 1.6542 and 1.6692. JPYCAD is up 1.35% trading between 0.01130 and 0.01146. Gold is up 0.36% trading between $1,134 and $1,142USD/oz., silver is down 0.89% trading between $15.99 and $16.21USD/oz., while oil is up 0.20%