Canada

CANADA - The CAN$43bn (US$34.5bn) Ontario Municipal Employees' Retirement System (OMERS) has taken a majority stake in the Detroit River Tunnel in a renegotiation of terms with its partner Canadian Pacific Railway (CP).

CANADA - The CAN$108.9bn (US$86.8bn) Canada Pension Plan Investment Board (CPPIB) has made a formal offer to acquire the Macquarie Communications Infrastructure Group (MCG) in a deal worth C$1.16bn (US$0.92bn).

CANADA - Interim loans advanced to General Motors by the governments of Canada and Ontario cannot be used to shore up underfunded pension liabilities.

CANADA - The Canadian Minister of Finance has unveiled regulations to provide temporary solvency funding relief to federally regulated defined benefit pension plans.

CANADA - The Canada Pension Plan Investment Board (CPPIB) has announced plans to issue up to CAN$5bn (US$4.04bn) in debt over the next two years to help it fund investments in illiquid assets.

CANADA - The Ontario government plans to introduce legislation that would allow the Ontario Teachers' Pension Plan to run money for smaller pension funds and institutional investors in the public sector.

CANADA - The C$27bn (US$9.76bn) Hospitals of Ontario Pension Plan (HOOPP) moved 20% of its fund out of equities in 2008, which, the fund claims, allowed it to limit its losses to -11.96%.

CANADA - The CAN$120bn (US$94.7bn) Caisse de dépôt et placement du Québec has appointed former Bell Canada Enterprises (BCE) chief executive Michael Sabia as its new president and CEO.

CANADA - Machinists in Canada are calling for a national pension insurance scheme to protect workers from 'corporate pension irresponsibility'.

CANADA- Moody's Investors Service maintained a stable ratings outlook for CDP Financial, the debt issuing subsidiary of Caisse de dépôt et placement du Québec, but showed concerns over the firm's risk management capabilities.