The Canadian dollar weakened against the greenback on Monday, and the yield on benchmark government debt slipped.

The loonie FX_IDC:USDCAD was trading 0.3% lower at C$1.4234 to the greenback, or 70.25 U.S. cents, after trading in a range of 1.4195 to 1.4238.

Canadian government 10-year bond yields (CA10YT=RR) fell 3 basis points to 3.414%. The yield on similar U.S. government benchmark debt fell to 4.4613%.

U.S. August crude NYMEX:CL1! futures fell 46 cents to $68.23 a barrel on Monday.