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Canada's government refuses to offer any hints on the timing of a decision on a bid by China's...
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Friday, December 7, 2012, 10:29 AM ETCanada's government refuses to offer any hints on the timing of a decision on a bid by China's Cnooc (CEO -0.4%) for Nexen (NXY +0.8%). Canada's industry minister must rule whether the $15.1B offer is of net benefit to Canada. Currency markets also are anxiously awaiting the news, as the decision could significantly move the Canadian dollar.
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