The federal government could make its final decision on the Chinese takeover of Nexen by the end of this week.
But ATB Financial Senior Economist Todd Hirsch says it could also extend it another 30 days.
“But still, I don’t know how many times they’d be able to extend it,” said Hirsch. “There’s a lot riding on this, and people are waiting for answers.”
The NDP says recent warnings by the U.S. House Intelligence committee about Chinese business helps make the case for blocking the 15 billion dollar takeover by China National Offshore Oil Corporation.
Hirsch says if not for the U.S. presidential election, there’d be even more American concern out there about the deal.
“Not that I think they’d be able to block it, but it does put China right on their doorstep, and actively involved in resource extraction from their country too.”
October 10, 2012
