Mulcair slams feds on handling of Petronas deal
NDP leader Thomas Mulcair is denouncing the federal government's lack of transparency in its decision to reject a $6-billion bid by Malaysia's state-owned oil company Petronas for Calgary-based Progress Energy Resources, in a speech to party faithful in Ottawa on Sunday.
Mulcair said the decision by Industry Minister Christian Paradis came like a thief in the night.
"The lack of transparency is starting to reach new heights. Who releases such an important decision at midnight on a Friday? Someone who has something to hide and no way to explain," Mulcair said.
In a written statement issued Friday night, Paradis said "I can confirm that I have sent a notice letter to Petronas indicating that I am not satisfied that the proposed investment is likely to be of net benefit to Canada."
http://www.cbc.ca/news/politics/story/2012/10/21/pol-ndp-thomas-mulcair-foreign-investments-petronas-cnooc.html
Monday morning TSX?
Day after US election?