Conversations: Nutrien's Ken Seitz on how Canada can seize its spot on the world stage via financialpost
A group tours the white potash storage facility at the Nutrien Cory Mine, seven kilometres west of Saskatoon. “We have a vast resource in Saskatchewan. It’s an incredible endowment of potash,” said Nutrien chief executive Ken Seitz.That said, Nutrien reckons Belarussian and Russian supply will now be reduced by roughly 50 per cent of 2021 levels this year, after a drop of similar magnitude in 2022. So, Nutrien responded as any profit-driven enterprise would when presented with an opportunity.
Bottom line: 20 per cent of the world’s supply of potash — and 60 per cent of the supply that was projected to come online over the next few years in 2021 — has been crippled. The game has changed and Canada, via Nutrien, could win it. The Bank of Canada had just opted to pause the most aggressive series of interest rate increases in its history, while emphasizing it was far from confident that the hold would last given the level of inflation.
Nutrien sells custom fertilizer mixes directly to farmers at the Nutrien Ag Solutions Retail Facility near Langham, Sask. “We planning our balance sheet for a range of outcomes,” said chief executive Ken Seitz. referencing the fluid global economic situation.
The fertilizer policy went little discussed for more than a year, but it became politicized last fall, and. Seitz talked like someone who was worried the cap could become less voluntary.
But that’s not the world in which we live. Climate change, geopolitics and a broad rethinking of government’s role in the economy means neglecting policy amounts to asking companies to compete against rivals backed by the United States, China and the European Union.To be clear, industrial policy is about more than money. Regulation by several layers of government has become a serious headwind, especially now that Ottawa and the provinces are simultaneously confronting climate change.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Colin Kaepernick: Hard to have conversations with loved ones about perpetuating 'problematic elements'Colin Kaepernick spoke more about his graphic novel and the responses he has gotten about how to handle 'similar family dynamics' he's experienced in his life.
Read more »
Hall of Famer Ken Buchanan, former undisputed lightweight champion, dies at 77Ken Buchanan, who parlayed slick boxing skills and toughness into a Hall of Fame career and a reign as undisputed lightweight champion, died in his sleep at his home Saturday. He was 77. The Ken Buchanan MBE Foundation announced his death in a Facebook post.
Read more »
Police recover bodies of eight people in Canada near U.S. borderCanadian authorities have recovered the bodies of eight people who were found dead in a marshy area near the U.S. border, police said. Authorities believe the individuals came from two families and were attempting to cross into the U.S. illegally.
Read more »
Here's all the free baby stuff you can get in Canada - Today's ParentThis curated list will help you score things like free diapers, rash creams and formula from your favourite baby brands. freebabystuff babyessentials
Read more »
WATCH: Conservative activist bloodied and bruised at pro-trans rally in Canada: ‘Police did nothing’Popular conservative activist 'Billboard Chris' was appeared to be assaulted by trans people at a pro-trans rally in Vancouver, Canada this week.
Read more »
Police identify two among eight dead trying to enter U.S. from CanadaPolice in Canada on Saturday identified two victims among eight bodies recovered from two families who died this week trying to enter the United States from Canada by boat across the St. Lawrence River.
Read more »