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

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