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Business Canada

  • *Government deciding whether to approve CNOOC bid for Nexen. OTTAWA, Oct 4- Canada's main opposition party on Thursday demanded the government reject a Chinese state-owned company's landmark $15.1 billion bid for oil producer Nexen Inc, saying approval of the deal could trigger "a tidal wave" of foreign takeovers.

  • *Canada NDP says fears possible tsunami of foreign bids* Government deciding whether to approve CNOOC bid for Nexen* NDP cites lack of transparency in approval process* Nexen shares lose one percent after comments By David Ljunggren.

  • *Government deciding whether to approve CNOOC bid for Nexen. OTTAWA, Oct 4- Canada's main opposition party on Thursday demanded that the government reject a landmark $15.1 million bid by Chinese state-owned CNOOC Ltd for oil producer Nexen Inc, saying it could provoke "a tidal wave" of foreign takeovers.

  • Oct 4- Fitch Ratings has affirmed the' BBB' investment grade debt ratings and Issuer Default Ratings of The Mosaic Company. Demand will be enhanced by the drought and heat damage to this season's crops, particularly in the U.S. but also in Russia and India.

  • OTTAWA, Oct 4- The Canadian government must reject Chinese state-owned CNOOC Ltd's $15.1 billion bid for oil producer Nexen Inc until the impact of the deal on jobs and the environment is made clear, the main opposition New Democratic Party said on Thursday.

  • NEW YORK-- More than a billion people now log into Facebook each month to check up on old friends, tag photos of new ones and post about politics, religion, cats or what their kids are doing. The latest milestone also amounts to nearly half of the world's roughly 2.5 billion Internet users, as measured by the International Telecommunications Union.

  • LONDON-- Unilever has announced that it will consider selling its Skippy peanut butter business in the US and Canada as part of a strategic review. The company says it is also considering other options for the brand.

  • OTTAWA, Oct 4- The Canadian government must reject CNOOC Ltd's $15.1 billion bid for oil producer Nexen Inc as the Chinese state-owned oil company's offer is currently structured, the main opposition New Democratic Party said on Thursday.

  • TORONTO, Oct 4- The pace of purchasing activity in the Canadian economy slowed in September, according to Ivey Purchasing Managers Index data released on Thursday, but still outpaced expectations. The data showed the seasonally adjusted index slipped to 60.4 in September from 62.5 in August.

  • OTTAWA, Oct 4- The Canadian government must reject CNOOC Ltd's $15.1 billion bid for Nexen Inc.

  • -Canada Ivey Purchasing Managers Index:.

  • WINNIPEG, Manitoba, Oct 4- Canadian business must boost investment in machinery and equipment to help workers become as productive as their U.S. counterparts, a top Bank of Canada official said on Thursday.

  • WINNIPEG, Manitoba, Oct 4- The Bank of Canada is still looking at the possibility of raising interest rates, but also believes there is some slack in the labor market that has not been taken up by the recovering economy, a top official said on Thursday.

  • HOUSTON-- Calpine Corp. said Thursday that it will buy a natural gas-fired power plant in Texas for about $432 million to boost its presence in a state where the supply of surplus power is shrinking. Calpine is buying the 800- megawatt plant near Laguna Park in central Texas from Bosque Power Co. LLC.

  • LONDON, Oct 4- Consumer goods group Unilever Plc/ NV is looking at a possible sale of its Skippy peanut butter business based in the United States and Canada which could, if sold, fetch around $400 million.

  • TORONTO, Oct 4- Canada's main stock index opened higher on Thursday after U.S. data pointed to a steady labor market and following encouraging comments by European Central Bank President Mario Draghi on tools to tackle the region's debt crisis. The Toronto Stock Exchange's S&P/TSX composite index.

  • TORONTO, Oct 4- The Canadian dollar strengthened to a session high against its U.S. counterpart on Thursday after the Bank of Canada repeated language that confirms it is still looking at the possibility of raising interest rates. The currency firmed to a session high of C $0.9834 to the U.S. dollar, or $1.0169.

  • WINNIPEG, Manitoba, Oct 4- The Bank of Canada is still looking at the possibility of raising interest rates, but also believes there is some slack in the labor market that has not been taken up by the recovering economy, a top official said on Thursday.

  • TORONTO, Oct 4- The Canadian dollar held gains against its U.S. counterpart on Thursday following the release of data showing that jobless claims in the United States rose less than expected.

  • Oct 4- Canada's main stock index looked set to open higher on Thursday after the European Central Bank left interest rates unchanged at its policy meeting and as upbeat U.S. economic data in the previous session helped alleviate fears of global slowdown.