Canadian Industrial Profile: Chemicals—Winter 2017

Agriculture—Prices for many agricultural products continue to trend downward, adversely affecting demand for fertilizers used in agricultural output.

Merger—Potash Corporation of Saskatchewan and Agrium Inc. of Calgary have agreed to merge in a deal that is expected to close in mid-2017. The new firm, valued at $36 billion, would be the world’s largest producer of potash and second-largest producer of nitrogen fertilizer.

Global Economy—The industry is highly trade-dependent, as around two-thirds of production is usually exported. Sluggish global growth will take its toll on chemical sales.