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Reading Summary - Foreign Investment in Canada.docx

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Department
Geography
Course
Geography 3422A/B
Professor
Milford Green
Semester
Winter

Description
Foreign Investment in Canada 1/19/2013 10:21:00 AM Foreign Investment in Canada th  On December 7 Stephen Harper approved a $15.1 billion bid by China’s CNOOC, a state-owned oil giant, for Nexen, a smallish oil company whose main property is in Alberta’s tar sands and a smaller bid for a Canadian gas producer by Petronas, Malaysia’s state energy company o He added that future acquisitions by government-controlled companies would face greater scrutiny o Deals such as the Nexen takeover that involve majority stakes in the tar sands will be banned s
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