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% lower at C$1.429 to the greenback, or 69.98 U.S. cents, after trading in a range of 1.4271 to 1.4307.

Canadian government 10-year bond yields CA10YT=RR rose 6.8 basis points to 3.092%. The yield on similar U.S. government benchmark debt rose to 4.3216%.

U.S. April crude CLc1 futures rose 72 cents to $68.3 a barrel on Tuesday.

Canada's annual inflation rate accelerated to 2.6% in February, up from 1.9% in January, Statistics Canada said. Analysts polled by Reuters had expected an annual rate of 2.2%