New Retail Summer Hours! 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 January 15, 2018

USDCAD spot rate: 1.2406 - 1.2411 (as at 8:01am PST)

Ranges:

Asia:

1.2436

to

1.2473

Europe:

1.2403

to

1.2443

North America:

1.2404

to

1.2442

Technical Support / Resistance:

S2

S1

R1

R2

1.2330

1.2379

1.2530

1.2590

Key Economic Data Releases:

- U.S. Martin Lurther King Day

Event Calendar:

Date

Canada

U.S.A.

Jan. 16

Jan. 17

Jan.18

Jan.19

Bank of Canada interest rate

Manufacturing sales

NY Empire state manufacturing

Industrial production

Building permits, housing starts

Consumer sentiment index

The Bank of Canada is already well into the process of raising interest rates to more normal levels and another increase is expected on Wednesday, after the economy's stellar performance last year. The big questions are how quickly do they continue moving up from here, how closely will they follow U.S. increases and where will rates settle. Markets are pricing in at least three more increases this year, which would bring the benchmark rate to 1.75 percent. Currently, the TSX is up 0.26% and the DOW is up 0.89%. EURCAD is up 0.35% trading between 1.5180 and 1.5277. GBPCAD is up 0.18% trading between 1.7075 and 1.7164. JPYCAD is up 0.71% trading between 0.01120 and 0.01124. Gold is up 0.26% trading between $1,336 and $1,344USD/oz., silver is up 0.80% trading between $17.21 and $17.42USD/oz., while oil is up 0.35% trading between $64.10 and $64.77.

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

083e3d7a6b

Follow us




Follow us on Twitter @vbcefx


Disclaimer


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.