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CANADA STOCKS-TSX opens lower ahead of Fed, BoC decisions

BY Reuters | ECONOMIC | 09:34 AM EDT

March 18 (Reuters) - Canada's main stock index opened lower on Wednesday, pressured by broad declines as oil prices rose, while investors awaited interest rate decisions from the Bank of Canada and the U.S. Federal Reserve.

At 09:30 a.m. ET, the S&P/TSX composite index was down 0.9% at 32,626.16 points. (Reporting by Rashika Singh; Editing by Jonathan Ananda)

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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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