The Canadian dollar strengthened against the greenback on Tuesday, and the yield on benchmark government debt climbed. The loonie was trading 0.1% higher at C$1.2829 to the greenback, or 77.95 U.S. cents, after trading in a range of 1.2807 to 1.2853.

Canadian government 10-year bond yields rose 6.1 basis points to 2.984%. The yield on similar U.S. government benchmark debt rose to 2.9531%. U.S. June crude futures rose 28 cents to $114.48 a barrel on Tuesday​.