January 22, 2009 / 2:36 PM / 9 years ago

Potash Corp shares drop 2 pct on disappointing outlook

TORONTO, Jan 22 (Reuters) - Shares of Potash Corp of Saskatchewan (POT.TO) dropped 2 percent at the open on Thursday as its 2009 financial forecasts disappointed investors even though the company posted a quarterly profit that more than doubled from the previous year.

The shares of the world’s biggest fertilizer producer were down 2 percent at C$84.84 on the Toronto Stock Exchange.

$1=$1.27 Canadian Reporting by Scott Anderson; editing by Peter Galloway

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