New Retail Summer Hours! Effective June 2, 2018 South Granville & Richmond Branches - Monday - Friday 9am-5pm; Saturdays 9:30am - 4:30pm | Downtown Monday - Friday 8:30am - 5pm.

Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver October 27, 2017

USDCAD spot rate: 1.2880 - 1.2885 (as at 7:43am PST)










North America:




Technical Support / Resistance:









Key Economic Data Releases:

- U.S. GDP (Q3) preliminary: 3.0% (exp 2.5% / prev 3.1%)

- U.S. GDP price index: 2.1% (exp 1.8% / prev 1.0%)

- U.S. consumer sentiment index: 100.7 (exp 100.9 / prev 101.1)

Key Event Calendar:




Oct 30

Oct 31

Nov. 1

Nov. 2

Nov. 3

GDP (Aug)

RBC manufacturing PMI

Net employment change, unemployment rate, trade bal.

Core PCE price index, personal income/spending

Consumer confidence

ADP employment, ISM mfg., Fed interest rate

Non-farm productivity, unit labour costs

Non-farm payrolls, unemployment rate, trade balance, ISM non-mfg. PMI

Yesterday, the uptrend in USDCAD continued after Wednesday's large post-Bank of Canada 1.2637 – 1.2817 surge higher. The pairing dipped from 1.2805 down to 1.2780 before climbing to hold a 1.2840 – 1.2855 range for the balance of the session. Broad-based USD strength continued overnight taking USDCAD up to 1.2900 ahead of the 5:30am U.S. GDP (Q3) release. The data was better than expected and the initial reaction sent USDCAD up to 1.2917, the highest level since July 12th, the date the Bank of Canada made the first of two rate hikes this year. USDCAD has since fallen to 1.2870 with rebounds capped at 1.2890 thus far. The USD has given up its morning gains vs. most majors over the past 2 hours – perhaps the reasoning being that the Q3 GDP data was skewed to the upside due to the storms. Coincidentally, the NY Fed GDP forecast is at just 1.6%. WTI crude oil prices have surged 2% today to the best levels in 7 months (Brent crude is over $60 near 16 month highs) on reports that Saudi Arabia will extend an oil supply reduction deal for another 9 months. Currently, the TSX and the DJIA are both roughly unchanged. EURCAD is down 0.15% trading between 1.4939 and 1.4996. GBPCAD is up 0.20% trading between 1.6825 and 1.6912. JPYCAD is up 0.60% trading between 0.01125 and 0.01133. Gold is unchanged trading between $1,263 and $1,273USD/oz., silver is down 0.50% trading between $16.58 and $16.81USD/oz., while oil is up 2% trading between $52.26 and $53.69.

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


Follow us

Follow us on Twitter @vbcefx


The information and opinions contained herein are gathered from sources which are thought to be reliable but the reader should not assume that the information and opinions are official or final. VBCE makes no warranty concerning the accuracy of the information and opinions, and accepts no liability for the consequences of any actions taken on the basis of the information and opinions provided. The content is for general information only and does not constitute in anyway giving financial advice.