CANADA FX-C$ firms after source says CNOOC bid for Nexen approved

TORONTO Fri Dec 7, 2012 4:54pm EST

TORONTO Dec 7 (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 for Nexen Inc 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.

A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

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