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

The loonie was trading 0.1% lower at C$1.3591 to the greenback, or 73.58 U.S. cents, after trading in a range of 1.3556 to 1.3593.

Canadian government 10-year bond yields rose 2.1 basis points to 3.431%. The yield on similar U.S. government benchmark debt rose to 4.1887%.

U.S. April crude futures rose $3.48 to $86.93 a barrel on Wednesday.