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Potash Corp. Cuts Profit Forecast Amid Weaker Fertilizer Demand

Potash Corp. of Saskatchewan, the world’s largest fertilizer producer by market value, cut its full-year profit forecast as weaker demand in emerging markets prompt it to trim output.

Earnings excluding one-time items are now expected to be $1.55 to $1.65 a share, the Saskatoon, Saskatchewan-based company said in a statement Thursday, compared with a July prediction of $1.75 to $1.95. Potash Corp. said it’s bringing forward the permanent closure of its Penobsquis, New Brunswick, mine and will also initiate inventory shutdowns in December at three...


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