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

The loonie was trading 0.6% higher at C$1.2919 to the greenback, or 77.41 U.S. cents, after trading in a range of 1.2901 to 1.3006.

Canadian government 10-year bond yields rose 1.1 basis points to 3.313%. The yield on similar U.S. government benchmark debt rose to 3.1264%. U.S. August crude futures rose $3.35 to settle at $107.62 a barrel on Friday.

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