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October 22, 2012

Canada's Protectionist Trend

Robert Cyran, Reuters

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Is everything sacred in Canada? At first it was a hole in the ground. Then it was the stock exchange and a DIY chain. This week, regulators blocked two more big deals, including a $5.2 billion bid for Progress Energy by Petronas of Malaysia. Taken as a whole, these actions signal the market for corporate control in Canada - especially when it comes to foreign buyers - is effectively closed.

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TAGGED: Protectionism, Canada

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