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Challenging macroeconomic backdrop prompts PotashCorp to shutter New Brunswick ops

Canada’s largest potash producer Potash Corporation of Saskatchewan on Tuesday announced that it would immediately close its Picadilly, New Brunswick potash operations, citing a challenging macroeconomic backdrop.
The suspension would make between 420 and 430 jobs redundant, with only a core crew of about 35 workers expected to remain, in order to keep the operation in care-and-maintenance mode.