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PRESS DIGEST-Canada - Oct 30

BY Reuters | ECONOMIC | 10/30/24 07:51 AM EDT

Oct 30 (Reuters) - The following are the top stories from selected Canadian newspapers. Reuters has not verified these stories and does not vouch for their accuracy.

THE GLOBE AND MAIL

- The Bank of Canada is urging thousands of digital payment companies to get on board with a new regulatory regime that requires payment service providers to register with the central bank.

- David and Natasha Sharpe, the husband and wife who ran Bridging Finance, were found guilty of fraud by Ontario's Capital Markets Tribunal after adjudicators ruled the executives received kickbacks and other benefits from underwriting loans with investor money.

- The chief executive officer of Loblaw (LBLCF) is committing to eliminate exclusivity clauses in store leases that prevent competitors from setting up shop nearby, if other grocery retailers agree to do the same.

NATIONAL POST

- Canadian Conservative Leader Pierre Poilievre would release the names of members of Parliament "deemed to have knowingly participated in foreign interference" should his party form the government, his office said.

(Compiled by Bengaluru newsroom)

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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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