VICTORIA, British Columbia Nov 30 Canadian
Finance Minister Jim Flaherty said on Friday he was unaware of
any deadline for the government to announce whether it would
approve two major foreign takeover bids.
Ottawa last month extended the review period for a bid by
China's CNOOC Ltd for Nexen Inc to Dec 10,
although that can be pushed back again if both parties agree.
The government is also studying a bid by Malaysia's Petronas
for Progress Energy Resources.
"There is no time deadline of which I'm aware of," Flaherty
told reporters when asked whether he expected the decisions by
Dec. 10. "We are having continuing discussions on the subject.
It's a very important decision for the government of Canada, it
has long-term consequences for foreign direct investment in
Canada, so there is no specific time limit."