Canada

CANADA - Teachers' Private Capital, the private investment arm of the Ontario Teachers' Pension Plan (OTPP), has agreed to purchase GCAN Insurance Company for an undisclosed fee.

CANADA - The Canadian government has launched a consultation into the tax issues surrounding income trusts and other flow-through entities (FTEs).

CANADA - The Ontario government has pledged a C$100m contribution to the employee pension plans of Stelco, Canada's largest steel producer, which is currently in bankruptcy protection, as part of the company's restructuring agreement.

CANADA - The Organisation for Economic Co-operation and Development (OECD) has called for the scrapping of the stop-work clause in the Canada Pension Plan (CPP).

CANADA - More than 40% of Canadian pension funds expect to increase their holdings of US treasuries and investment-grade corporate bonds following on the back of the removal of the Foreign Property Rule (FPR).

CANADA -Canadian pension funds are beginning to unwind their use of derivatives, turning instead to physical funds to achieve their optimal foreign exposure.

CANADA - Teachers' Private Capital, the private investment arm of the Ontario Teachers' Pension Plan (OTPP), has signed an agreement to buy a US pet care company for C$1bn.

CANADA - Phillips Hager & North Investment Management (PH&N) has lost three of its equities analysts on the back of the restructuring of its US equity research department.

CANADA - The Financial Services Commission of Ontario (FSCO) has formally requested information from the Canadian Union of Public Employees (CUPE) Ontario relating to the investment activity of the Ontario Municipal Employees Retirement System (OMERS)...

CANADA - The Canada Pension Plan (CPP) reserve fund grew by CAN$5.7bn to CAN$87bn during the second quarter.