The Canadian dollar bounced back against the European currency after trading lower during Monday's Asian trading. The loonie thus climbed from 1.664 to 1.6556 by about 5:00 am ET. On the upside, 1.654 is seen as the next target level for the Canadian currency. At last week's close, the euro-loonie pair was quoted at 1.6612.

For comments and feedback: contact editorial@rttnews.com