The Canadian dollar spiked up against most major rivals in European deals on Monday.

The loonie advanced to more than a 2-week high of 1.3064 against the greenback and near a 2-week high of 1.4730 against the euro, up from its previous lows of 1.3175 and 1.4786, respectively.

The loonie climbed to 92.06 against the yen, its strongest since September 9.

If the loonie extends rise, it may target resistance around 1.29 against the greenback, 1.46 against the euro and 93.00 against the yen.

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