The Canadian Press

2010-11-03 | PotashCorp BHP

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Industry Minister Tony Clement announced November 3rd Ottawa was blocking BHP Billiton's 38.6-billion-dollar hostile takeover bid for Saskatchewan-based PotashCorp, the world's biggest producer of potash, a key component used in fertilizer. Saskatchewan Premier Brad Wall, who agreed with the decision, said the Investment Canada Act needed to be changed to give provinces a say in such takeovers. (The federal government move followed a furious lobbying effort by the Saskatchewan government, which said the province would be hurt by the deal.)

Date: 2010-11-03
Placeline: REGINA, Saskatchewan.
Source: The Canadian Press
Length: 23 seconds

Transcript Prediction: << it's not just semantics or political rhetoric the natural resources belong to the people of Saskatchewan to the people of any Province there in and they seem to be almost any considered by the act and not saying by this government which may be living by the act in terms of how this is released but by the act at least it's like the people whose Resorts this is it in the first place are an inconvenience doesn't make a lot of sense to me >>


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