In the news today, May 24
Six stories in the news for Thursday, May 24
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FEDS BLOCK $1.5-BILLION AECON TAKEOVER
The federal government has blocked the proposed $1.5-billion takeover of the Aecon Group construction firm by a Chinese state-owned company for reasons of national security. China’s embassy in Ottawa responded to the decision last night by warning that it wasn’t good for the countries’ business relationship and that it would “seriously undermine the confidence” of Chinese investors. Aecon said it was disappointed with the decision.