Canada

CANADA - Workers have won legal protection for their wages and pension contributions when their employer goes bankrupt, following the approval of a new Bill.

CANADA - Drugmaker Biovail Corporation has agreed to pay US$138m to settle a securities fraud class-action suit led by the Ontario Teachers' Pension Plan (OTPP) board.

CANADA - A proposal to merge Montréal Exchange (MX) and Toronto Stock Exchange (TSX) has been met with calls for a public hearing by pension fund Caisse de dépôt et placement du Québec.

CANADA - Former Royal Canadian Mounted Police (RCMP) commissioner Giuliano Zaccardelli should be denounced for his lack of leadership in investigations into the force's pension fund scandal, according to the House of Commons Public Accounts Committee....

CANADA - The chief actuary has told a senate standing committee that the Canada Pension Plan (CPP) is in good health.

CANADA - Canada Pension Plan Investment Board (CPPIB) has warned pension schemes could face restrictions on alternative investments if governments move to include them in legislation restricting investment by sovereign wealth funds.

CANADA - Caisse de depot et placement du Québec (Caisse) has made public a potential C$500m (US$500m) write-down due to sub-prime asset backed commercial paper (ABCP).

CANADA - A court case over the solvency deficiency in the Saskatchewan Wheat Pool/Grain Services Union (SWP/GSU) Pension Plan has been postponed after agri-business Viterra put an offer on the table.

CANADA - The federal government wants to convince Canadian pension funds to invest in the country's infrastructure, in order to capture some of the billions being placed overseas.

CANADA - The Nova Scotia government is looking to amend its legislation to ensure all pension plans are fully funded when a company leaves the province or winds down its pension plan.