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

USDCAD spot rate: 1.2540 - 1.2545 (as at 8:13am PST)

Technical Support / Resistance:

Key Economic Data Releases:

- Canada Retail sales .7% (0% exp.) -.1% previous

Key Event Calendar:

Stocks broke a three-day losing streak on Tuesday, building on gains in other markets boosted by signs of a global economic recovery and rising commodity prices. Gains for heavyweight miners boosted European shares after strong commodities prices steadied Asian markets earlier in the session. The surge in European stocks pushed up the MSCI world equity index, which tracks shares in 46 countries, which is now up 0.1 per cent on the day, its second day of gains after sharp falls last week. The broad index of European stocks was up 0.4 per cent on the day. The Canadian dollar pushed forward on much better than expected Retail Sales numbers. Currently, the TSX is up 0.67% and the DOW is up 0.54%. EURCAD is down 0.63% trading between 1.4720 and 1.4840. GBPCAD is down 0.70% trading between 1.6055 and 1.6204. JPYCAD is down 0.46% trading between 0.01144 and 0.01151. Gold is up 0.32% trading between $1,282 and $1,291USD/oz., silver is up 0.52% trading between $16.87 and $17.12USD/oz., while oil is up 0.69% trading between $47.37 and $48.20.

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