Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver November 16, 2017

USDCAD spot rate: 1.2755 - 1.2760 (as at 7:07am PST)

Technical Support / Resistance:

Key Economic Data Releases:

- U.S. initial jobless claims 249k (235k exp.) 239k previous

- U.S. industrial production 0.9% (0.5% exp.) 0.4% previous

Key Event Calendar:

Investors tentatively returned to world stock markets on Thursday, looking for bargains after Europe's longest losing streak of the year and the worst run since March for the top global indices. After five consecutive daily losses on the MSCI index of world stocks and seven straight falls in Europe, there was a bounce of sorts. Benchmark indices in Tokyo, Shanghai and Hong Kong and Seoul all rallied overnight, while London, Frankfurt and Paris started 0.3-0.4 percent higher as cyclical stocks which had driven the sell-off made a comeback. North America got into the upbeat mood as well. Currently, the TSX is up 0.14% and the DOW is up 0.56%. EURCAD is down 0.17% trading between 1.4990 and 1.5067. GBPCAD is up 0.15% trading between 1.6780 and 1.6861. JPYCAD is down 0.27% trading between 0.01126 and 0.01132 Gold is up 0.22% trading between $1,275 and $1,281USD/oz., silver is up 0.71% trading between $16.95 and $17.13USD/oz., while oil is down 0.73% trading between $54.95 and $55.47.

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