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CANADA STOCKS-TSX opens higher as metal mining shares advance; investors assess key economic data

BY Reuters | ECONOMIC | 01/16/25 09:36 AM EST

Jan 16 (Reuters) - Canada's main stock index opened higher on Thursday, on the back of metal mining shares, while investors assessed domestic housing and U.S. retail sales data.

At 9:33 a.m. ET (1433 GMT), the Toronto Stock Exchange's S&P/TSX composite index was up 0.24%, or 58.88 points, at 24,848.18.

(Reporting by Ragini Mathur in Bengaluru; Editing by Krishna Chandra Eluri)

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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.

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