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Bank of Canada announces appointment of two deputy governors

BY Reuters | ECONOMIC | 02:15 PM EDT

OTTAWA, April 20 (Reuters) - The Bank of Canada on Monday appointed two deputy governors to replace members of its governing council who have decided to step down. Marc-Andr? Gosselin, managing director of the BoC's Canadian Economic Analysis Department, will take up the role on May 25. External deputy governor Nicolas Vincent will become a full-time member of the Governing Council from August 3, it said. (Reporting by Promit Mukherjee)

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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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