Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver November 20, 2018

USDCAD spot rate: 1.3255 - 1.3260 (as at 7:16am PST)

Technical Support / Resistance:

Key Economic Data Releases:

- U.S. Housing starts 1.228M (1.225M exp.) 1.210M previous

- U.S. Building permits 1.263M (1.267M expected) 1.241M previous

- Bank of Canada Wilkins speech

Event Calendar:

The sell-off in U.S. stocks picked up steam, with investors dumping the tech darlings that carried the bull market for much of its record run. Treasuries advanced with the yen.

The S&P 500 slid to the verge of a correction, the Nasdaq Composite erased its gain for the year, and the Dow Jones Industrial Average shed more than 400 points as angst spread across global equity markets. Investors pointed to escalating trade tension, signs of a looming slowdown in retail growth and cracks in the credit market, but an indiscriminate dumping of the year's biggest winners still largely characterized the action., with investors dumping the tech darlings that carried the bull market for much of its record run. Treasuries advanced with the yen. The S&P 500 slid to the verge of a correction, the Nasdaq Composite erased its gain for the year, and the Dow Jones Industrial Average shed more than 400 points as angst spread across global equity markets. Investors pointed to escalating trade tension, signs of a looming slowdown in retail growth and cracks in the credit market, but an indiscriminate dumping of the year's biggest winners still largely characterized the action. Currently, the TSX and the DJIA are down 1.45% and 2.08% respectively. EURCAD is up 0.13% trading between 1.5040 and 1.5109. GBPCAD is up 0.43% trading between 1.6887 and 1.7015. JPYCAD is up 0.92% trading between 0.01169 and 0.01179. Gold is down 0.16% trading between $1,221 and $1,229USD/oz., silver is up 0.50% trading between $14.30 and $14.49USD/oz., while oil is down 3.75% trading between $55.02 and $57.34.

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