The Canadian dollar weakened against the greenback on Tuesday, and the yield on benchmark government debt climbed.
The loonie was trading 0.2% lower at C$1.4273 to the greenback, or 70.06 U.S. cents, after trading in a range of 1.4233 to 1.4297.
Canadian government 10-year bond yields rose 0.3 basis points to 3.19%. The yield on similar U.S. government benchmark debt rose to 4.4145%.
U.S. January crude futures fell 90 cents to $69.81 a barrel on Tuesday.
Canada’s annual inflation rate eased to 1.9% in November, down from 2% in October, Statistics Canada said. Analysts polled by Reuters had expected an annual rate of 2%