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.
Canada’s cheap dollar stood at 72 cents US Wednesday morning, up from as low as 68.7 cents in January. Mooresville, N.C.-based Lowe’s stock closed Tuesday at $71.87 US on the New York Stock Exchange.
CBC News – February 03, 2016.
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