The Canadian dollar erased early European session's gains versus its major rivals in New York morning trading on Thursday.

The loonie is presently quoted at 1.30 against the euro and 0.9839 against the greenback, down from previous highs of 1.2966 and 0.9813, respectively.

Against the yen, the Canadian currency is presently trading at a 2-day low of 82.10.

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