Canadian Press NewsAlert: Gov’t lockup expected to deal with foreign takeovers

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A cyclist rides past a gas station of CNOOC (China National Offshore Oil Corporation) in Zhoukou city, central Chinas Henan province, 5 November 2012. THE CANADIAN PRESS/AP, Imaginechina

OTTAWA – Industry Canada has announced a news media lock-up at 4 p.m. ET today for what it calls an important announcement. It’s expected to deal with foreign takeovers of domestic resource firms.

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