Canadian plans suffer

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CANADA - Credit crunch caused Canadian pension plans to suffer loses in the final two quarters of 2007, according to RBC Dexia Investor Services.

Funds lost 0.5 % in the quarter ended 31 December, returning a paltry 1.5% for the year. Don McDougall, director advisory services for RBC Dexia, said: "2007 was tumultuous, as the soaring looni...

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