Lowe's-Rona deal the latest in long run of foreign purchases
The agreement that could see Quebec-based home improvement chain Rona Inc. acquired by U.S. rival Lowe's is the latest attempt by a foreign investor to scoop up a Canadian business — a list that may grow longer with the lower loonie. - Nexen, a Calgary-based oil and gas producer, was sold in 2013 to China National Offshore Oil Co. (CNOOC) for $15.1 billion ($21 billion Cdn today) — a deal the Wall Street Journal called a "poorly timed call on oil prices," which have since plumme
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