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A Nexen oil sands facility seen from a helicopter near Fort McMurray, Alta. (Jeff McIntosh/THE CANADIAN PRESS)
A Nexen oil sands facility seen from a helicopter near Fort McMurray, Alta. (Jeff McIntosh/THE CANADIAN PRESS)

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Canadians react to foreign ownership announcement Add to ...

The federal government has approved two controversial takeovers by Asian state-owned enterprises of Canadian oil companies, but will block any further acquisitions in the oil sands by such government-owned firms.

Prime Minister Stephen Harper late Friday announced a tough new foreign investment policy that erects major hurdles for acquisitions by state-owned enterprises, even while welcoming non-controlling investment from them.

Reaction was swift on Twitter.

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