Harper silent on proposed exchange merger deal

Wed Feb 9, 2011 2:50pm EST
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OTTAWA (Reuters) - Canadian Prime Minister Stephen Harper said on Wednesday he would not comment on a bid by the London Stock Exchange for TMX Group until the regulatory process was finished.

"This is a complex transaction. There is a law in place, the Investment Canada Act, that will look at these matters. The provinces themselves also have some processes and until those things are done I will not comment on this transaction," he told the House of Commons.

Harper was strongly criticized last year for publicly commenting on BHP Billiton's $39 billion takeover bid for fertilizer producer Potash Corp, a deal Ottawa eventually blocked.

(Reporting by David Ljunggren; editing by Rob Wilson)