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

The loonie was trading 0.4% lower at C$1.2919 to the greenback, or 77.41 U.S. cents, after trading in a range of 1.2824 to 1.2924.

Canadian government 10-year bond yields fell 8.9 basis points to 2.858%. The yield on similar U.S. government benchmark debt fell to 2.7941%. U.S. September crude futures fell $1.65 to settle at $94.7 a barrel on Friday.

Canadian retail sales rose 2.2% in June from May. Analysts polled by Reuters had expected retail sales growth of 1.6%. Excluding autos, retail sales rose 1.9% in June, Statistics Canada said. Analysts had forecast June sales, excluding autos, to be up 1.6%.

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