http://www.fixkb.com/2012/10/error-this-operation-has-been-cancelled-due-to-restrictions-in-effect-on-this-computer-when-opening-links-in-outlook-2010-2007.html



Cause:
The default browser has been changed from IE to another application. and corrupt some registry entries.

Solution:
Close outlook and any web browsers you may have open.
Open an elevated command prompt window
Type the following commands line by line into the command prompt window:

REG ADD HKEY_CURRENT_USER\Software\Classes\.htm /ve /d htmlfile /f
REG ADD HKEY_CURRENT_USER\Software\Classes\.html /ve /d htmlfile /f
REG ADD HKEY_CURRENT_USER\Software\Classes\.shtml /ve /d htmlfile /f
REG ADD HKEY_CURRENT_USER\Software\Classes\.xht /ve /d htmlfile /f
REG ADD HKEY_CURRENT_USER\Software\Classes\.xhtml /ve /d htmlfile /f


Open Outlook and try again.