Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver October 5, 2017

USDCAD spot rate: 1.2540 - 1.2545 (as at 8:04am PST)

Technical Support / Resistance:

Key Economic Data Releases:

- U.S. trade balance -42.4B (-42.7B exp.) -43.6B previous

- U.S. initial jobless claims 260k (265k exp.) 272k previous

- Canadian trade balance -3.41B (-2.60B exp.) -2.98B previous

Key Event Calendar:

Global stocks came off record highs and the euro held near a seven-week low on Thursday as investors prepared to parse minutes from the European Central Bank's last meeting for clues to its exit from ultra-easy monetary policy. Political tensions emanating from Spain, where one of its richest regions Catalonia has pledged to declare 'independence in days', was also at the forefront of concerns for European markets. Meanwhile poor Canadian trade numbers has currently hit the Canadian dollar this morning. Currently, the TSX is up 0.34% while the DOW is up 0.16%. EURCAD is up 0.25% trading between 1.4630 and 1.4714. GBPCAD is down 0.27% trading between 1.6411 and 1.6531. JPYCAD is up 0.89% trading between 0.01105 and 0.01115. Gold is up 0.17% trading between $1,273 and $1,279USD/oz., silver is up 0.39% trading between $16.53 and $16.74USD/oz., while oil is up 0.81% trading between $49.86 and $50.53.

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