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$1.3773 to the greenback, or 72.61 U.S. cents, after trading in a range of 1.3762 to 1.3788.

Canadian government 10-year bond yields rose 1.7 basis points to 3.447%. The yield on similar U.S. government benchmark debt rose to 4.2657%.

U.S. May crude futures rose 69 cents to $91.97 a barrel on Wednesday.

Canadian factory sales rose 3.6% in February from the previous month, Statistics Canada said. Analysts polled by Reuters had expected factory sales growth of 3.8%.