BRIEF-Any Bank Of Canada Decision On A Possible Rate Hike Is Less About A Timeline And More About Conditions - Governor Tiff Macklem

BY Reuters | ECONOMIC | 11:03 AM EDT

June 10 (Reuters) -

* ANY BANK OF CANADA DECISION ON A POSSIBLE RATE HIKE IS LESS ABOUT A TIMELINE AND MORE ABOUT CONDITIONS - GOVERNOR TIFF MACKLEM

* BOC'S MACKLEM NOTES THAT CORE INFLATION HAS TICKED DOWN

* MACKLEM: BANK WOULD ALSO LOOK AT INFLATION EXPECTATIONS WHEN MULLING A POSSIBLE RATE HIKE

* MACKLEM: WEAKNESS OF CANADIAN ECONOMY TENDS TO PUT DOWNWARD PRESSURE ON PRICES

* MACKLEM: NOT A LOT HAS CHANGED SINCE OUR LAST DECISION, THERE HAVE NOT BEEN BIG DATA SURPRISES

* MACKLEM: CANADIAN ECONOMY IS NOT CLEARLY IN A RECESSION

* MACKLEM: ECONOMY HASN'T REALLY GROWN IN THE LAST YEAR BUT IT HASN'T SHRUNK EITHER

* BANK OF CANADA SENIOR DEPUTY GOVERNOR CAROLYN ROGERS SAYS RISKS TO THE ECONOMY ARE ABOUT WHERE WE SAW THEM LAST TIME

* BOC'S ROGERS: WE'VE GOT THE RATE WHERE WE THINK IT NEEDS TO BE RIGHT NOW

* MACKLEM: EVEN WITH A SUCCESSFUL USMCA REVIEW, YOU CAN'T BE CERTAIN ABOUT ANYTHING

* MACKLEM: BASE CASE ON USMCA TALKS IS THAT THEY CONTINUE FOR A NUMBER OF MONTHS

* MACKLEM: WE USE CORE INFLATION AS A TOOL TO UNDERSTAND HOW GENERALIZED PRICE INCREASES ARE

* MACKLEM: IF WE START TO SEE CORE INFLATION DRIFT UP, THAT WOULD CERTAINLY GET OUR ATTENTION

* NEWS CONFERENCE BY BOC'S MACKLEM ENDS Source text: Further company coverage: [ ] (Reporting by David Ljunggren)

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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