North America

CANADA - Richard Guay, president and chief executive officer at Caisse de dépôt et placement du Québec (CDPQ) has resigned his post but will remain in an advisory role.

GLOBAL - Canada Pension Plan Investment Board (CPPIB) has committed €250m (US$350m) to a Turkish retail property fund.

CANADA - Bell Canada Enterprises has started court action against the Ontario Teachers' Pension Plan (OTPP) and its partners over the failure of the buyout deal.

CANADA - The Ontario government has proposed a law to give temporary solvency relief to pension funds in the province.

CANADA - The long running C$45bn (US$36bn) buyout deal between the Ontario Teachers Pension Plan-led (OTPP) consortium and Bell Canada Enterprises (BCE) has collapsed due to solvency concerns.

CANADA - Pension plan sponsors have been warned they need to be prepared for a wide range of potential shocks or adverse events, in a letter from the superintendent of financial institutions.

CANADA - Canadian communications company BCE has hired PricewaterhouseCoopers (PwC), in an attempt to rescue its takeover by an investor group led by the Ontario Teachers' Pension Plan (OTPP).

CANADA - The Ontario Municipal Employees Retirement System (OMERS) has launched OMERS Strategic Investments, a new entity which will invest in a portfolio of global private companies.

CANADA - The government has proposed to allow federally regulated pension plans to double the length of time required for solvency payments from five to ten years.

CANADA - The leveraged buyout of Bell Canada Inc. by an investor group led the private investment arm of the Ontario Teachers' Pension Plan (OTPP) has hit a snag with a report on the firm's financial health from accountancy firm KPMG.