The Canadian dollar advanced against most major opponents in pre-European deals on Monday.

The loonie reversed from an early low of 0.9992 against the aussie, rising to 0.9965.

The loonie edged up to 88.88 versus yen and 1.5248 against the euro, off its early 5-day lows of 88.55 and 1.5307, respectively.

If the loonie rises further, it may find resistance around 92.0 against the yen, 0.97 against the aussie and 1.50 against the euro.

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