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PotashCorp paints bleak picture of year ahead in fertilizer market after 74% plunge in annual profits

After reporting a 74 per cent decline in annual profits last year as potash prices hover around a decade low, Potash Corporation of Saskatchewan Inc. warned investors that despite a rebound in potash prices, its bottom line will likely take longer to recover. 776 more words

Breaking

Sussex to unveil blueprint for its future days after one year anniversary of mine closure announcement

The town of Sussex is about to unveil the draft of a strategic plan that will spell out how it hopes the region will develop in future years. 309 more words

Canada

Agrium Inc. downgraded after big rally

Agrium Inc.’s more than 20 per cent surge in recent weeks fully reflects the upside provided by its merger with Potash Corp., and therefore warrants a downgrade, according to AltaCorp Capital. 144 more words

Trading Desk

Potash Corp cuts 140 jobs, slashes output as industry struggles with weak prices

Potash Corp., the world’s biggest fertilizer company, announced it will cut production and jobs at its Saskatchewan mines amid persistently low potash prices and a planned merger with the world’s second-largest fertilizer company. 465 more words

Breaking

Agrium and Potash Corp shareholders overwhelmingly approve all-stock merger

CALGARY — Shareholders of Potash Corp. of Saskatchewan and Agrium Inc. have voted overwhelmingly in favour of an all-stock merger.

At separate special meetings Thursday, PotashCorp shareholders voted more than 99 per cent in favour of the deal while more than 98 per cent of Agrium shareholders voted for it. 99 more words

News

Agrium slips into red in Q3 on low crop prices, cuts full-year profit forecast

Canadian fertilizer maker Agrium Inc. reported a surprise quarterly loss on Thursday as it grapples with low fertilizer and crop prices, and also cut its full-year profit forecast. 204 more words

News

Potash Corp profit plummets, forecast cut as sales drop 26 per cent in weak market

Potash Corp of Saskatchewan , the world’s biggest fertilizer company by capacity, reported a 25.7 per cent drop in quarterly sales, as potash prices remained weak. 88 more words

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