Canadian economy posts annualized gain of 5.4% in Q3, October GDP seen up 0.8%

BY Reuters | ECONOMIC | 11/30/21 08:36 AM EST

OTTAWA, Nov 30 (Reuters) - Canada's economy grew at an annualized rate of 5.4% in the third quarter, beating expectations, while real GDP most likely rose 0.8% in October following a 0.1% gain in September, Statistics Canada data showed on Tuesday.

Statscan revised down its second quarter annualized contraction to 3.2% from a previously reported 1.1%. Analysts surveyed by Reuters had expected third quarter annualized growth of 3.0% and a gain of 0.1% in September.

(Reporting by Julie Gordon in Ottawa; Editing by Andrew Heavens)

In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.