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Business people hurry home during the afternoon commute at the intersection of King and Bay in Toronto's financial district, Nov. 10, 2006. 
Business people hurry home during the afternoon commute at the intersection of King and Bay in Toronto's financial district, Nov. 10, 2006. 
(KEVIN VAN PAASSEN/THE GLOBE AND MAIL)

Plenty of room for deal-making despite tough new takeover rules

Declaring the oil sands off limits to further takeovers by foreign state-owned companies is just the kind of rule that one would think would raise hackles among those who depend on making deals for a living. But it isn’t.

The rule was dramatically unveiled by Prime Minister Stephen Harper after months of suspense, complete with the longest news conference in some time, giving it all a sense of sweep and heft. In fact, it actually captures only a handful of potential transactions.