Canada

CANADA - The Quebec government has appointed Pierre Brunet to a three-year term as chairman of the Caisse de dépôt et placement du Quebec.

CANADA - Canadian balanced pension funds saw returns of 2.2% in the first quarter of 2005, but the decline in long bond yields have increased overall pension fund liabilities, according to Mercer Investment Consulting.

CANADA - The CAN$85bn Ontario Teachers' Pension Plan (OTPP) has partnered with a private equity fund to buy power company InterGen NV and 10 of its power plants for CAN$2.2bn as part of plans to expand its infrastructure portfolio.

CANADA - Teachers' Private Capital (TPC), the private equity arm of the CAN$85bn Ontario Teachers' Pension Plan, has bought home products manufacturer of home products CFM Corporation for an undisclosed sum.

CANADA - The Canada Pension Plan (CPP) is expected to take in more contributions than it pays out in benefits until 2021, according to the chief actuary of the Office of the Superintendent of Financial Institutions.

CANADA - The percentage of Canadian chief financial officers (CFOs) who believe that the pension underfunding crisis will persist has more than doubled since last year, according to a new survey.

CANADA - A huge majority of Canadian investment managers do not believe that the elimination of the foreign property rule (FPR) will have a "material adverse" impact on the Canadian marketplace, according to a survey carried out by Mercer Investment Consulting....

CANADA - The CAN$35.7bn Ontario Municipal Employees Retirement System (OMERS) posted a return of 12.1% in 2004 on the back of strong performances by its private and global equity market investments.

CANADA - The impact of the government's decision to eliminate the 30% foreign content limit on investment in Canadian pension plans will not actually be "as large as it might first appear.

CANADA - The government will remove a limit on foreign property assets held in pension plans and allow people to contribute more to the plans as part of its 2005 federal budget, released this week.