CANADA FX DEBT - Canadian dollar strengthens, benchmark yield climbs

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

The loonie CAD= was trading 0.2% higher at C$1.3927 to the greenback, or 71.8 U.S. cents, after trading in a range of 1.3921 to 1.3968.

Canadian government 10-year bond yields CA10YT=RR rose 11.4 basis points to 3.288%. The yield on similar U.S. government benchmark debt rose to 4.485%.

U.S. June crude CLc1 futures fell 5 cents to $62.64 a barrel on Tuesday.

Canada's annual inflation rate eased to 1.7% in April, down from 2.3% in March, Statistics Canada said. Analysts polled by Reuters had expected an annual rate of 1.6%