Canada's government refuses to offer any hints on the timing of a decision on a bid by China's...

|By:, SA News Editor

Canada'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.