The Canadian dollar weakened against the greenback on Wednesday, and the yield on benchmark government debt climbed. 

The loonie was trading 0.2% lower at C$1.3866 to the greenback, or 72.12 U.S. cents, after trading in a range of 1.3836 to 1.3869.

Canadian government 10-year bond yields rose 3.2 basis points to 3.447%. The yield on similar U.S. government benchmark debt rose to 4.4887%.

U.S. July crude futures rose $2.25 to $96.01 a barrel on Wednesday.