North America

CANADA - The proposed merger between the Montréal Exchange (MX) and the Toronto Stock Exchange (TSX) to create the TMX Group has been supported by the Caisse de dépôt et placement du Québec, the CAN$143.5bn (US$143.9bn) Québec pension fund manager.

CANADA - Members of the Kerry (Canada) Inc pension scheme have secured an appeal against last year's ruling which favoured the employer's running of the retirement scheme.

CANADA - An unnamed bank, pension fund and wealth management firm have thrown C$150m (US$149.4m) into a hedge fund incubator fund.

CANADA - The Canada Pension Plan (CPP) is expected to more than double its assets to C$250bn (US$248.9bn) by 2016.

CANADA - Alberta schools and teachers' associations have agreed at the eleventh hour how to tackle a C$2.1bn (US$2.1bn) pension shortfall amassed before 1992.

CANADA - The CAN$121bn (€82bn) Canada Pension Plan Investment Board (CPPIB) has acquired a 40% stake in Scotia Place, Edmonton.

CANADA - A coalition of unions is urging Alberta Local Authorities Pension Plan (LAPP) members and pensioners to lobby their local politicians over changes to rules relating to governance of the scheme.

US - Women over 50 were much less likely than men to receive an annuity or pension income in 2006, but improvements are being made, according to research from the Employee Benefit Research Institute (EBRI).

CANADA - Credit crunch caused Canadian pension plans to suffer loses in the final two quarters of 2007, according to RBC Dexia Investor Services.

CANADA - At current contribution rates, the reserves of the Québec Pension Plan (QPP) will be completely drained by 2051, the chief actuary of Canada has warned.