USDCAD spot rate: 1.3125 - 1.3130 (as at 7:55am PST)
On Friday, USDCAD traded from 1.3020 up to 1.3077 before falling to test the 1.30 level for the 4th time in as many days. The pairing would recover to 1.3035 before closing the week near 1.3020. There is no top tier economic news out today but the USDCAD rate has jumped a full cent this morning. The pairing opened this morning's session near the overnight high at 1.3030 and has climbed to a 1 week high of 1.3136. Pull –backs have been limited to 1.3115 thus far. The Japanese yen is the best performing currency while the CAD and the AUD are the worst performers. Asian equity markets were generally higher but most European indices are lower on the day. North American indexes are relatively flat. Currently, the TSX and the DJIA are unchanged. EURCAD is up 0.40% trading between 1.3970 and 1.4100. GBPCAD is up 0.50% trading between 1.6218 and 1.6347. JPYCAD is up 1% trading between 0.01156 and 0.01168. Gold is up 0.72% trading between $1,219 and $1,230USD/oz., silver is up 0.84% trading between $17.47 and $17.66USD/oz., while oil is down 1% trading between $53.21 and $54.10.