Potash Corp. Drops After New Democrats Call for More Royalties

Potash Corp. of Saskatchewan Inc., the world’s largest fertilizer producer, dropped after Canada’s New Democrats called for the company to pay more royalties.

The New Democrats made the demand during a debate, the Canadian Broadcasting Corp. reported today. Dwain Lingenfelter, the party’s leader, argued for more royalties with Premier Brad Wall, leader of the Saskatchewan Party, which says the current system encourages investment, the CBC said.

Potash erased earlier gains and fell 1.4 percent to close at C$49.76 in Toronto.

To contact the reporter on this story: Simon Casey in New York at scasey4@bloomberg.net

To contact the editor responsible for this story: Simon Casey at scasey4@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.