Headline is here when the news broke: Canadian government blocks Chinese takeover bid for Aecon
A bit more detail now;
- Canadian government has blocked a proposed takeover of construction firm Aecon
- by a unit of China Communications Construction Company
- on national security grounds
- Canada security review was launched earlier this year
- Aecon's construction work includes several sectors that could impact national security, including building out the nation's telecommunications networks.
Want more still? - link to Bloomberg here
As I said in the first piece earlier - a negative CAD input but not too much as this is not all that unexpected