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 March 5, 2018

USDCAD spot rate: 1.2970 - 1.2975 (as at 8:04am PST)

Ranges:

Asia:

1.2877

to

1.2904

Europe:

1.2886

to

1.2984

North America:

1.2963

to

1.2979

Technical Support / Resistance:

S2

S1

R1

R2

1.2800

1.2858

1.3000

1.3080

Key Economic Data Releases:

- U.S. ISM non-manufacturing index: 59.5 (exp 59.0 / prev 59.0)

Event Calendar:

Date

Canada

U.S.A.

Mar. 6

Mar. 7

Mar. 8

Mar. 9

Ivey PMI

Int'l merchandise trade, Bank of Canada interest rate decision

Housing starts, building permits

Net employment change, unemployment rate

Factory orders

Trade balance

Non-farm payrolls, unemployment rate, average hourly earnings

The verbal tit-for-tat trade rift across the Atlantic heated up over the weekend when President Trump tweeted that he would target European car imports in response to an EU threat to American products following the president's announcement of tariffs on steel and aluminum imports. Trump's trade advisors said in television interviews over the weekend that U.S. allies would not be excluded from metal import duties, with Peter Navarro, director of the National Trade Council at the White House, saying there may be exemptions for specific products deemed necessary for business growth. The president is expected to sign a formal executive order for the tariffs by the end of next week. Currently, the TSX is up 0.17% and the DOW is down 0.05%. EURCAD is up 0.80% trading between 1.5837 and 1.5995. GBPCAD is up 0.95% trading between 1.7768 and 1.7982. JPYCAD is up 0.66% trading between 0.01219 and 0.01227. Gold is down 0.09% trading between $1,319 and $1,327USD/oz., silver is down 0.40% trading between $16.35 and $16.59USD/oz., while oil is up 1.27% trading between $61.14 and $62.08.

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.