The Canadian dollar advanced against the U.S. dollar and the Japanese yen in European deals on Thursday.

The loonie rose to 2-day highs of 1.2899 against the greenback and 77.85 against yen, off its early lows of 1.2937 and 77.65, respectively. If the loonie rises further, it may locate resistance around 1.28 against the greenback and 79.00 against the yen.

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