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Canadian companies turn eyes to global acquisitions

Reuters Canada – Feb 24, 2012

By Pav Jordan TORONTO (Reuters) – Corporate Canada is on the prowl for opportunities abroad, even though its executives see only muted growth in the world economy in 2012, according to a survey released on Friday.

“Compared to their global counterparts, Canadian CEOs are more likely to plan for an M&A event, enter into a strategic alliance or joint venture or divest a non core portion of their business in support of restructuring,” [PriceaterhouseCoopers] said recently.