The Canadian dollar strengthened against the euro in early Asian deals on Monday. At 9:55 pm ET, the loonie reached a high of 1.3979 per euro, compared to last week's close of 1.4025. On the upside, 1.391 is seen as the next target level for the Canadian currency. The euro-loonie pair is presently worth 1.3985.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.