Canada

CANADA/CHILE - Ontario Teachers' Pension Plan (OTPP) looks set to control 20% of Chile's water provision and wastewater industry as it acquires major shareholder interest in two companies.

CANADA - State Street Global Advisors (SSgA) has won a C$125m mandate to implement its first Canada-based liability driven investment strategy (LDI).

CANADA - Regulations should be altered to encourage companies to continue offering defined benefit (DB) schemes, said Bank of Canada governor, David Dodge, yesterday.

CANADA - Hedge funds, real estate and fixed income dented la Caisse de dépôt et placement de Québec's otherwise above benchmark returns of 14.6% for 2006.

CANADA/EUROPE - Teachers' Private Capital, the investment arm of the C$106bn Ontario Teachers' Pension Plan (OTPP), has opened its first office outside Canada in London to focus on direct European investment.

CANADA- UBS has partnered up with Ontario Teachers' Pension Plan with its 50% stake acquisition of Northern Star Generation.

CANADA - Hundreds of unionised Bell Canada Enterprises (BCE) employees marched to the company's Montreal offices yesterday demonstrating over recently announced ‘unfair' pensions cuts.

CANADA: National Bank of Canada (NBC) and BNP Paribas have set up hedge fund managed accounts aimed at pension funds.

CANADA - The Canada Post Pension Plan has reported benchmark beating returns of 14.3% on its defined benefit (DB) scheme in 2006, bringing its total assets to C$14.35bn.

CANADA - The Public Sector Pension Investment Board (PSPIB) has teamed up with investment manager Overlord Financial Inc in a bid to buy out Thunder Energy trust, an oil and gas company, in a deal worth over C$202m (US$180m).