OTTAWA: Canada needs to accommodate foreign investment in its resource sector, Finance Minister Jim Flaherty said on Thursday as the government reviews a $15.1 billion takeover bid by China's CNOOC for oil and gas producer Nexen Inc.
"We know we don't have enough capital in this country to develop our resources that we want to develop over the next generation, so we have to have some accommodation with respect to foreign direct investment," Flaherty told the Canadian Broadcasting Corporation (CBC), according to a clip shown in advance of the full interview later on Thursday.
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