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

The loonie was trading 0.1% lower at C$1.4403 to the greenback, or 69.43 U.S. cents, after trading in a range of 1.4392 to 1.4437.

Canadian government 10-year bond yields rose 8 basis points to 3.429%. The yield on similar U.S. government benchmark debt rose to 4.7674%.

U.S. February crude futures rose $2.99 to $76.91 a barrel on Friday.

The value of building permits in Canada fell -5.9% in November, Statistics Canada said.

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