The Canadian dollar slipped against most major currencies in European deals on Friday.

The loonie fell to near an 11-year low of 1.3086 against the greenback and a new 2-week low of 94.77 against the yen, compared to yesterday's closing values of 1.3035 and 95.02, respectively.

Having advanced to 1.4239 against the euro at 4:50 am ET, the loonie reversed direction with the pair trading at 1.4319.

The loonie is likely to challenge support around 1.33 against the greenback, 94.00 against the yen and 1.44 against the euro.

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