The Canadian dollar advanced against its key counterparts in late Asian deals on Thursday.

The loonie rose to 1.2422 against the greenback, 1.4118 versus the euro and 95.75 versus the yen, from early lows of 1.2444, 1.4146 and 95.47, respectively.

The loonie strengthened to a 6-day high of 0.9747 against the aussie, compared to yesterday's closing quote of 0.9803.

The next possible resistance for the loonie may be located around 1.23 against the greenback, 1.40 against the euro, 96.00 against the yen and 0.97 against the aussie.

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