Daily foreign exchange rates for our top 10 currencies & Updates #forex #Vancouver March 9, 2017

USDCAD spot rate: 1.3500- 1.3505 (as at 8:11am PST)

Technical Support / Resistance:

Key Economic Data Releases:

-US Initial jobless claims 243k (235k exp.) 223k previous

Key Event Calendar:

World shares chalked up their longest losing streak in well over a year on Thursday as bets on rising U.S. interest rates propelled the dollar and benchmark bond yields higher and beaten-up commodity markets struggled to find a footing. With global energy stocks on the run, MSCI's 46-country All World index fell for a sixth consecutive day, the longest slide since the start of 2016 and down from an all-time high set just weeks ago. Europe's main markets also started in red though the euro was one of the few currencies to make headway against the dollar as focus turned to how the European Central Bank will respond to signs of a pick up in the euro zone economy. ECB policy makers meet later. Economic data out of China continued to surprise, with consumer inflation coming in well under expectations at an annual 0.8 per cent, largely due to falling food prices. Producer prices still rose at the fastest pace since 2008, keeping alive hopes that China had stopped exporting disinflation to the rest of the world. The dollar index was last up 0.1 per cent, close to a March 2 peak of 102.26. The dollar also climbed to a three week high 114.85 yen and set seven-, nine– and 10-week peaks against the Aussie, Kiwi and Canadian dollars. Spot gold was at $1,204.90, having struck a five-week low as higher interest rates raised the opportunity cost of holding the non-yielding metal. Currently, the TSX is up 0.11% while the DOW is up 0.06%. EURCAD is up 0.73% trading between 1.4204 and 1.4336. GBPCAD is up 0.15% trading between 1.6390 and 1.6485. JPYCAD is down 0.22% trading between 0.01176 and 0.01180. Gold is down 0.17% trading between $1,203 and $1,209USD/oz., silver is down 0.05% trading between $17.14 and $17.29USD/oz., while oil is down 0.95% trading between $48.83 and $50.81.