Canada

CANADA - The disparate treatment between private and public pensions is "unjustifiable and unfair", the Canadian Federation of Independent Business (CFIB) claimed.

CANADA - Most private sector pension fund trustees could face negligence charges after a survey revealed they were giving complete discretion for their proxy votes to their investment managers.

CANADA - The C$96bn (US$84bn) Ontario Teachers' Pension Plan (OTPP) has completed its purchase of the first three of four marine container terminals in North America from Orient Overseas (International) Limited of Hong Kong.

CANADA - The Caisse has acquired 401.54 million shares in Magistral Biotech through a reverse take-over.

CANADA - The Public Sector Pension Investment Board (PSP Investments) has teamed up with Loral Space & Communications to fully acquire satellite operator Telesat Holdings for C$3.25bn (US$2.8bn).

CANADA - The Caisse de dépôt et placement du Québec and government financial institution BDC have set up a second C$330m (US$285m) fund for Canadian SMEs called AlterInvest.

CANADA - Pension regulation in Canada does not provide appropriate incentives for employers to maintain their defined benefit pension schemes and leads to increased deficits, said David Dodge, governor of the Bank of Canada.

CANADA - Mandatory retirement at 65 was today abolished for Ontario workers, with one of the province's largest pension funds claiming the change would have a minimal impact on overall pension costs.

CANADA - The Ontario Teachers' Pension Plan has upped its infrastructure investment through the US$2.4bn acquisition of four marine container terminals in North America.

CANADA - Teacher's Private Capital, the private investment arm of the C$96bn Ontario Teachers' Pension Plan (OTPP), is to buy Dynea North America from Finnish company Dynea Chemicals Oy.