Will take place in the fourth quarter this year and include about 30 staff and 50 hourly positions.
Temporary action related to rail transportation backlogs, a possible Canadian Pacific Railway strike and growing inventory.
Expects earnings of between US$3.2 billion and US$3.7 billion this year before some deductions.
Transaction would not lead to a substantial lessening or prevention of competition in Canada.
CALGARY — Potash Corp. of Saskatchewan and Agrium have agreed to merge in a deal that would create a global agricultural giant worth an estimated US$36 billion. The deal would bring together Saskatoon-based PotashCorp’s huge fertilizer mining operations – the…
Wave of overbuilding and production increases in recent years have flooded the market.
By Ian Bickis
THE CANADIAN PRESS
Outlook for the province’s economy not overly promising, with a number of resource projects in question.
Plans production hiatis in Saskatchwan with weak fertilizer market.
The $70 million Canpotex deal for the custom-built units will optimize the shipping tonnage.
Brad Wall says the prairie province is well-positioned for long-term growth despite energy struggles.
Jack Mintz says the province’s tax on the resource isn’t competitive on an international level.
Exports surpassed $30.3 billion in the first 11 months of 2013, up 5.4% from 2012.
The value of these exports soared from $264 million to $553 million.
Potash and other revenues fall.
Potash production represents about 1.5% of Canadian goods exports.