Parkland-Sunoco deal comes amid fraught U.S.-Canada relations, resource nationalism
CALGARY - Ottawa is weighing the proposed takeover of Calgary-based Parkland Corp. by American fuel distributor Sunoco LP at a time of fraught Canada-U.S. relations and amped-up resource nationalism.
The US$9.1-billion friendly deal announced last week is subject to a review under the Investment Canada Act, which considers whether foreign investments would be a net benefit to the country or cause potential harm to national security.
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