Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver May 1, 2018

USDCAD spot rate: 1.2865 - 1.2870 (as at 7:15am PST)

Technical Support / Resistance:

Key Economic Data Releases:

- Canada GDP Feb. 0.4% (0.3% exp. ) -0.1% previous

- Canada Mtg PMI 55.5 (55.6 exp.) 55.7 previous

- U.S. ISM Mfg. PMI 57.3 (58.3 exp.) 59.3 previous

Event Calendar:

Canada's economy rebounded more than economists forecast in February, a reassuring sign the nation is poised to emerge from a recent soft patch in growth. Gross domestic product expanded 0.4 percent during the month following a 0.1 percent contraction in January, Statistics Canada reported Tuesday in Ottawa. Economists anticipated a 0.3 percent gain. The gains were due to idled oil and auto production coming back on line. Currently, the TSX is down 0.29% while the DOW is down 0.63%. EURCAD is down 0.12% trading between 1.5431 and 1.5503. GBPCAD is down 0.75% trading between 1.7507 and 1.7673. JPYCAD is down 0.15% trading between 0.01170 and 0.01174. Gold is down 0.72% trading between $1,305 and $1,315USD/oz., silver is down 0.88% trading between $16.19 and $16.34USD/oz., while oil is down 1.29% trading between $67.61 and $68.88.

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