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Macleans.ca

Canada’s magazine

Potash price plunge could have ‘meaningful’ impact on Canada’s GDP: CIBC

Shares of Saskatoon-based PotashCorp. and other major North American potash producers are plummeting in New York this morning on fears that Russian fertilizer giant Uralkali could push down global potash prices.

‘The decision is mine and mine alone’

Industry Minister Tony Clement turned up at a waiting podium just now and, after taking a few moments to build the drama, announced that BHP Billiton bid for PotashCorp does not constitute a “net benefit” for Canada. Seems BHP Billiton will have 30 days to resubmit, should it so desire.