Market View: Canada

Market View Dept: Video: Market View: How growing oil independence in U.S. will affect Canada s exports, according to Globe and Mail. Both suitors are controlled by their respective governments, which has triggered a debate in Canada about takeovers by state-owned companies and left critics worried the country is ceding too much control over its resources and video: Market View: CNOOC accepts Canadian government s Nexen conditions A pump jack draws oil near a fracking operation near Bowden in Alberta. For The Market View China s CNOOC Ltd. is offering $27.50 U.S. , or about $27.32 Canadian , per share to acquire Nexen, in a bid to gain a major foothold in Canada s oil sands industry. Shares of Nexen rallied Friday, but at $24.39 on the Toronto Stock Exchange remain nearly 11-per-cent below the bid price. Malaysia s Petronas is offering $22 a share to acquire Progress, but shares of the Calgary energy company closed at $20.18 on Friday, more than 8-per-cent below the bid. (www.immigrantscanada.com). As reported in the news.