Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver June 22, 2017

USDCAD spot rate: 1.3235 - 1.3240 (as at 7:15am PST)

Technical Support / Resistance:

Key Economic Data Releases:

- U.S. Initial Jobless Claims 241k (240k exp.) 238k previous

- Canadian Retail Sales .8% (.2% exp.) .5% previous

Key Event Calendar:

European stock markets fell for a third straight day on Thursday, as battered oil prices hovered near seven-month lows hit overnight on worries about a supply glut and falling demand. Britain's FTSE 100, Germany's DAX and France's CAC 40 all slipped 0.3-0.4 per cent as trading in Europe got under way. U.S. and Canadian stocks bucked the trend, but just barely, starting the morning of in positive territory. Sharp falls in oil prices this week have hurt energy stocks and dampened investors' expectations for higher inflation that would pave the way for tighter monetary policies among major central banks. Positive Retail sales in Canada have buoyed the Canadian dollar so far this morning, up almost a cent against its US counterpart. Currently, the TSX is up 0.10% while the DOW is up 0.02%. EURCAD is down 0.75% trading between 1.4763 and 1.4895. GBPCAD is down 0.90% trading between 1.6746 and 1.6915. JPYCAD is down 0.83% trading between 0.01190 and 0.01201. Gold is up 0.19% trading between $1,245 and $1,255USD/oz., silver is up 0.67% trading between $16.43 and $16.68USD/oz., while oil is up 0.78% trading between $42.29 and $42.94.

Sources: Reuters, Bloomberg, FXStreet, RBC Capital Markets, Bank of Canada, U.S. Federal Reserve, CNBC, Forexlive, CME Group