I doubt Stephen Harper has personally talked to Lowe’s management team, but he might want to give them a call to say thanks. By withdrawing their bid for Rona Inc., they’re saving him for what would have been a political firestorm.
This isn’t the first time his party’s found a hidden emergency exit. Another appeared when London Stock Exchange Group tried to pair up with the Toronto Stock Exchange. In that case, a consortium of Canadian financial institutions emerged as a saviour, and the federal government walked off the battlefield without ever having to make a tough call.