The Canadian dollar slipped against the other major currencies in European deals on Monday.

The loonie retreated from an early high of 78.19 against the yen, edging down to 77.75.

The loonie declined to a weekly low of 1.2936 against the greenback, 11-day low of 1.4611 against the euro and a 4-day low of 0.9835 against the aussie, off its early highs of 1.2871, 1.4561 and 0.9786, respectively.

If the loonie slides further, it may find support around 1.30 against the greenback, 1.47 against the euro, 0.99 against the aussie and 76.00 against the yen.

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