CANADA FX DEBT - Canadian dollar weakens, benchmark yield climbs

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

The loonie CAD= was trading 0.2% lower at C$1.4205 to the greenback, or 70.4 U.S. cents, after trading in a range of 1.418 to 1.4212.

Canadian government 10-year bond yields CA10YT=RR rose 8.7 basis points to 3.193%. The yield on similar U.S. government benchmark debt rose to 4.521%.

U.S. March crude CLc1 futures rose 24 cents to $70.98 a barrel on Tuesday.

Canada's annual inflation rate accelerated to 1.9% in January, up from 1.8% in December, Statistics Canada said. Analysts polled by Reuters had expected an annual rate of 1.9%