Canada

CANADA - The Caisse de dépôt et placement du Québec has been among a number of investors including Deutsche Bank and ABN AMRO that have signed an agreement to convert asset-backed commercial paper (ABCP) into longer term floating rate notes.

CANADA - The Canada Pension Plan's (CPP) first quarter return rate tumbled by 11.2% compared to the last fiscal year, according to new figures.

CANADA - Bob Hanna has been appointed as assistant superintendent for the regulation sector at the Office of the Superintendent of Financial Institutions (OSFI).

CANADA - The Ontario Municipal Employees Retirement System (OMERS) has been cleared by the regulator after complaints regarding the fund's investment in Borealis Capital Corporation.

CANADA - British Columbia Investment Management Corporation (bcIMC) has decided to take control of Canadian Hotel Income Properties Real Estate Investment Trust (CHIP REIT) in a C$1.2bn (US$1.13bn) cash deal.

CANADA - The Canada Pension Plan Investment Board has reportedly agreed to pay C$17.5m for a 10% stake in a new stock trading system that will compete with TSX Group Inc.'s Toronto Stock Exchange.

CANADA - A strong domestic currency harmed pension fund returns in the second quarter of 2007, according to RBC Dexia Investor Services.

CANADA - Several large pension plans have reportedly called for the "30% rule" limiting their influence over acquired companies to be scrapped.

CANADA - The Common Front for Retirement Security (CFRS) has recruited 14 organisations to fight for better governance of pensions, investments and savings.

CANADA - The Ontario Municipal Employees Retirement Board (OMERS) has again received an AAA rating from both Standard & Poor's and Dominion Bond Rating Services.