Canada

CANADA - The Ontario Municipal Employees Retirement System (OMERS) has signed an agreement to invest in low-cost wireless carrier BMV Holdings (BMV), in a private equity deal worth up to CAN$50m (US$41.7m).

CANADA - The Ontario Teachers' Pension Plan (OTPP) is urging boards and compensation committees not to change stock option plans and other forms of equity-based compensation in response to slumping markets.

CANADA - The funding levels of Canadian defined benefit plans have dropped to historic lows putting extreme pressure on companies to keep their pension schemes viable, a report by Watson Wyatt has found.

CANADA - Jovian Capital Corporation has launched the first actively managed exchange traded funds (ETFs) in Canada, based on the S&P/TSX 60 indices.

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.