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Nutrien Ltd. (NTR.TO)

Toronto - Toronto Real Time Price. Currency in CAD
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117.03+1.57 (+1.36%)
As of 11:52AM EDT. Market open.
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  • Reuters

    K+S expects high potash prices to offset gas shortage hit, maintains outlook

    Potash and salt miner K+S reiterated its full-year profit guidance on Thursday, as it expects higher fertiliser prices to offset the impact of a potential gas shortage in Germany. This scenario assumes a 25% reduction in natural gas availability in the fourth quarter, which together with a new gas levy would lead to a cost burden in a low-triple-digit million euro range, CEO Burkhard Lohr said in a statement. For now, the company expects the gas shortage to only affect its final quarter and early 2023, not the entirety of next year, Lohr told analysts in a call.

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    Motley Fool investors wanting safe, stress-free TSX stocks should consider these three -- not just now but forever. The post 3 Stress-Free TSX Stocks for Inflation-Worried Investors appeared first on The Motley Fool Canada.