Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver September 7, 2017

USDCAD spot rate: 1.2170 - 1.2175 (as at 7:03am PST)

Technical Support / Resistance:

Key Economic Data Releases:

- U.S. Initial jobless claims 298k (241k exp.) 236k previous

- Canadian building permits 3.5% (-1.5%) 2.5% previous

- Canadian Ivey PMI 56.3 (61.3 exp.) 60.0 previous

Key Event Calendar:

Date

Canada

U.S.A.

Sept 8

Employment change, unemployment %

Wholesale inventories

The euro climbed and stocks inched higher on Thursday, as markets digested the the European Central Bank not scaling back its more than 2 trillion euro ($2.75-trillion) stimulus program as of now. There was relief of sorts too after Donald Trump and U.S. Congress leaders struck a surprise deal to push a showdown on the country's debt limit back to December, and that there had been no further escalation in the North Korea crisis. Currently, the TSX is down 0.09% while the DOW is down 0.15%. EURCAD is up 0.17% trading between 1.4521 and 1.4662. GBPCAD is down 0.14% trading between 1.5898 and 1.5972. JPYCAD is down 0.16% trading between 0.01154 and 0.01122. Gold is up 0.89% trading between $1,332 and $1,348USD/oz., silver is up 1.06% trading between $17.79 and $18.05USD/oz., while oil is down 0.60% trading between $48.64 and $49.33.

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

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