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

USDCAD spot rate: 1.2790 - 1.2795 (as at 7:13am PST)

Ranges:

Asia:

1.2709

to

1.2740

Europe:

1.2720

to

1.2770

North America:

1.2760

to

1.2804

Technical Support / Resistance:

S2

S1

R1

R2

1.2650

1.2700

1.2790

1.2837

Key Economic Data Releases:

No economic releases today

Key Event Calendar:

Date

Canada

U.S.A.

Nov. 8

Nov. 9

Nov. 10

Housing starts, building permits

New housing price index

Crude oil inventories

Consumer sentiment index

The global rally in stocks showed no sign of slowing on Tuesday, as upbeat investors pushed the most widely-tracked index of world stocks up for a ninth straight day and sailing past the 500 point barrier. The latest leg of the run came as Japan's Nikkei hit its best level since 1992, Germany's DAX scored a record high and the rest of Europe gained as a 2-1/2 year high in oil prices lifted resources stocks again. Currently, the TSX and the DJIA are up 0.13% and 0.23% respectively. EURCAD is up 0.25% trading between 1.4730 and 1.4805. GBPCAD is up 0.30% trading between 1.6722 and 1.6791. JPYCAD is up 0.60% trading between 0.01114 and 0.01120. Gold is down 0.52% trading between $1,275 and $1,280USD/oz., silver is down 0.57% trading between $16.98 and $17.19USD/oz., while oil is down 0.65% trading between $57.03 and $57.69.

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

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