CANADA - Quebec has had its financial outlook rating for long-term foreign and currency debt upgraded to 'positive' from 'stable' by Fitch Ratings, despite rising debt levels and high pension liabilities.
Quebec's combined pension liabilities and direct debts stand at CAN$122.6bn (US$121.8bn), representing 43.3% of the province's GDP. This is the highest level of debt among all the Canadian provinces...
CANADA - Canadian pension funds kept mergers and acquisitions (M&A) activity in the country afloat in the third quarter, according to PwC.
CANADA - The nascent Canadian longevity risk transfer market could hit $20bn by 2020, Swiss Re finds.
CANADA/US - Teachers' Private Capital, a unit of the C$107.5bn ($106.4bn) Ontario Teachers' Pension Plan, and the $37.3bn Teachers' Retirement System of the State of Illinois have made equity investments to finance company NXT Capital.
CANADA - Canadian pensions marked their lowest quarterly returns since the start of the financial crisis on the back of world-wide market uncertainty, said RBC Dexia.
CANADA - CPP Investment Board (CPPIB) and Oxford Properties, the real estate arm of the Ontario Municipal Employees Retirement System, have teamed up to build the Royal Bank of Canada's new Toronto headquarters.