December 7, 2012 / 9:58 PM / 5 years ago

Canada dollar firms after source says CNOOC bid for Nexen approved

TORONTO (Reuters) - The Canadian dollar firmed to C$0.9887 against the U.S. currency after a source familiar with the matter told Reuters that a C$15.1 billion bid from China’s CNOOC Ltd (0883.HK) for Nexen Inc NXY.TO had been approved by Canada’s federal government.

    The resource-linked currency had been trading at around C$0.9908, or $1.0093, just before the news.

    Reporting by Alastair Sharp

    0 : 0
    • narrow-browser-and-phone
    • medium-browser-and-portrait-tablet
    • landscape-tablet
    • medium-wide-browser
    • wide-browser-and-larger
    • medium-browser-and-landscape-tablet
    • medium-wide-browser-and-larger
    • above-phone
    • portrait-tablet-and-above
    • above-portrait-tablet
    • landscape-tablet-and-above
    • landscape-tablet-and-medium-wide-browser
    • portrait-tablet-and-below
    • landscape-tablet-and-below