CANADA STOCKS-TSX set to open lower as Potash Corp shares dive

Tue Jul 30, 2013 8:50am EDT
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July 30 (Reuters) - Canada's main stock index looked set to open lower on Tuesday, reversing the previous session's gains, with Potash Corp shares expected to be a major decliner after a surprise strategic shift by a Russian rival.

Russia's Uralkali has dismantled one of the world's largest potash partnerships by pulling out of a venture with its partner in Belarus, a move it expects will cause global prices to plunge by 25 percent.

Frankfurt-traded shares in Potash Corp and Agrium Inc fell 10.2 percent and 5.9 percent, respectively.


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