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Global Markets: Ottawa to review Aecon deal

By Commodity News Service Canada
WINNIPEG, October 27 (CNS) – The following is a glance at
the news moving markets in Canada and globally.
Ottawa is expected to review the $1.5 billion takeover of
Calgary-based construction company Aecon Group Inc. by China’s
CCC International. It is unlikely to have to weather the bumpy
and ultimately frustrating ride experienced by other foreign
investors in recent years though, thanks to a softening tone
from the Liberal government.
The United Kingdom government announced Friday North Korea
was behind the “WannaCry” cyber-attack which derailed Britain’s
state-owned health service’s IT systems earlier this year. The
“ransomeware”, blocked access to a user’s computer until a sum
of money was paid to the attacker.
Canadian oil and gas producer Crescent Point Energy Corp
said Thursday its third-quarter net loss more than doubled,
driven by tax payments and foreign exchange losses, sending
shares sharply lower. were down 4.18 per cent at $8.93 Thursday
afternoon on the Toronto Stock Exchange.

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