The Canadian dollar declined against its most major rivals in early New York deals on Monday, as oil prices continued to fall amid a higher dollar, and on concerns over demand growth.

Crude for April delivery fell $0.72 to $49.04 per barrel.

The loonie fell to a 4-day low of 1.4055 against the euro, compared to Friday's closing value of 1.4008.

The loonie was trading lower at 1.2517 against the greenback, hovering around an early 4-day low of 1.2525.

The loonie eased back to 95.65 against the yen, from an early multi-week high of 95.97.

The loonie may possibly find support around 1.41 against the euro, 1.26 against the greenback and 95.00 against the yen.

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