Canada

CANADA - The head of the Canada Pension Plan Investment Board (CPPIB) said the country's pension system needs to be reformed and suggested creating a mandatory supplemental pension plan to complement existing arrangements.

CANADA - The C$87.4bn (US$81.8bn) Ontario Teachers Pension Plan (OTPP) will acquire an additional 35.5% stake in UK-based Bristol International Airport (BIA) in a deal with Macquarie Airports.

CANADA - The Ontario Teachers' Pension Plan has acquired CTVglobemedia's remaining 7.7% stake in Maple Leaf Sports and Entertainment (MLSE), owner of several sports franchises including hockey league Toronto Maple Leafs.

CANADA - The Canada Pension Plan Investment Board (CPPIB) said it gained over C$11bn (US$10.1bn) in the quarter ending June 30, but assets remain lower than they were last year, the CPPIB said in its quarterly release.

CANADA - Caisse de dépôt et placement du Québec is set to restructure its real estate division after it lost C$5.7bn (US$5.2bn) in the first half of the year.

BRAZIL - The Canada Pension Plan Investment Board (CPPIB) and the Government of Singapore Investment Corporation (GIC) have teamed up with a Brazilian real estate developer to build a portfolio of commercial real estate properties.

CANADA - The Supreme Court of Canada has ruled food maker Kerry Inc. can use the surpluses from its defined benefit (DB) scheme to pay pension expenses and contributions into its defined contribution (DC) scheme.

CANADA - The funding levels of corporate pension plans remain higher than expected considering the downturn in the equity markets, rating agency DBRS said.

CANADA - The Ontario Municipal Employees Retirement System (OMERS) has appointed Michael Latimer as the pension funds' executive vice president and chief investment officer.

CANADA - The federal government amended the pension funding rules for cash-strapped Air Canada to allow for a 21-month pension funding moratorium, the company said.