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CANADA STOCKS-TSX dragged lower by utilities, industrials ahead of cbank comments

BY Reuters | ECONOMIC | 02/07/23 09:37 AM EST

Feb 7 (Reuters) - Canada's main stock index fell on Tuesday, with utilities and industrial stocks leading declines, while investors awaited comments by central bank policy makers both at home and abroad to gauge where they stand on further monetary policy tightening.

At 9:31 a.m. ET (1431 GMT), the Toronto Stock Exchange's S&P/TSX composite index was down 22.66 points, or 0.11%, at 20,606.26. (Reporting by Shashwat Chauhan in Bengaluru; Editing by Maju Samuel)

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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.

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