Canada’s clarity on foreign investment rules to buoy C$

The greater clarity on foreign investment rules that Canada provided along with its approval late last week of two big takeovers should boost the Canadian dollar and could also buoy stocks of companies seen as likely takeover targets.

Although the new rules announced with the approvals of CNOOC’s US$15.1 billion bid for Nexen and the US$5.3 billion takeover of Progress Energy Resources by Petronas will curb investments by state-owned enterprises, they will not shut off the foreign investment tap, analysts and market sources said.

via Business feed http://www.scmp.com/business/companies/article/1102022/canadas-clarity-foreign-investment-rules-buoy-c