The hardware retailer has so far rejected the advances of Lowe’s
According to published reports, the takeover bid, worth $1.8 billion, could not have been presented at a worse time.
With the Quebec election campaign beginning this week, both the ruling Liberals and the pro-independence Parti Quebecois have taken a hard stance against the bid.
Ottawa will also be unlikely to go against the provinces decision on the bid as Harper has recently been facing increasing scrutiny for being out of touch with the francophone province.
The Investment Canada Act requires Ottawa to review foreign investments worth more than $330 million.
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