Trade
Nutrien Cuts Guidance, Curtails Potash Mine as Port Strike Drags On
- Fertilizer giant urges swift resolution to labor dispute
- Trudeau government holding out hope for negotiated settlement
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Nutrien Ltd. is curtailing production at a Saskatchewan potash mine because of a dockworkers’ strike in Vancouver, the main hub through which it exports the crop input.
The Canadian miner said the strike, lower global potash prices and other factors mean it will fall short of its previous guidance for adjusted earnings before interest, taxes, depreciation and amortization this year.