The Canadian dollar continued to be higher against its European counterpart in European deals on Tuesday.

The loonie rose to a 3-1/2-month high of 1.4197 against the euro, compared to Monday’s closing value of 1.4284. On the upside, the loonie may locate resistance around the 1.40 zone.

The material has been provided by InstaForex Company – www.instaforex.com