The Canadian dollar declined against the euro and the U.S. dollar in pre-European deals on Friday.

The loonie dropped to 1.3397 against the greenback and 1.4618 against the euro, from its early highs of 1.3374 and 1.4581, respectively. The next possible support for the loonie may be found around 1.35 against the greenback and 1.475 against the euro.

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