UPDATE 2-Harper to promote Canada business, but no investment rules yet

Thu Nov 1, 2012 2:39pm EDT
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* PM, on Nov 3-11 Asian trip, will say Canada open for business

* New foreign investment guidelines won't be unveiled during trip

* Government "overwhelmingly supports foreign investment in Canada"

* Investors uncertain over CNOOC, Petronas bids

* Nuclear supply deal being negotiated with India

By Randall Palmer

OTTAWA, Nov 1 (Reuters) - Prime Minister Stephen Harper will promote Canada as open for business during a Nov. 3-11 trip to Asia, although he is not likely to unveil long-awaited guidelines for foreign takeovers of Canadian firms, an aide said on Thursday.

"I don't think it's a problem at all to go around the world and say we're open for business, because we are," Harper's chief spokesman, Andrew MacDougall, told reporters ahead of the trip, which will take Harper to India, the Philippines and Hong Kong.

"Canada overwhelmingly supports foreign investment in Canada ... There's been a small handful of transactions that have been turned down under the Investment Canada Act."   Continued...