Finance Ministry officials are concerned about a merger between the Canadian Potash Corporation of Saskatchewan and Israel Chemicals, fearing the latter's profits will be sent abroad to avoid a high corporate tax rate and royalty payments and that overall production may be affected.
Proposed marriage between Canadian, Israeli potash producers raises objections
Merger would make Canada's Potash Corp and Israel Chemicals one of the world's largest producers of the potassium-rich fertilizer ingredient. But government officials fear reduced production and lost profits.
Text size


