JERUSALEM/WINNIPEG, Manitoba (Reuters) – Potash Corp , the world’s No. 1 fertilizer producer, is ramping up efforts to buy Israel Chemicals Ltd so it can shore up its leverage with China and India, top consuming countries that are expected to drive much of the industry’s growth. Although a deal is likely a long way off, acquiring ICL , the world’s sixth-largest fertilizer producer, would give Canada’s Potash Corp better shipping access to China, India and other Asian economies. Rising Asian incomes and populations are expected to trigger greater fertilizer use to produce more food. …
Canadian dollar ends near flat after GDP data shows contraction
TORONTO (Reuters) – The Canadian dollar weakened below parity against the U.S. currency before clawing back to end little changed on Wednesday after data showed the Canadian economy contracted unexpectedly in August. The currency weakened to a session low shortly after the gross domestic product data pointed to slower growth in the third quarter and supported the Bank of Canada’s message that interest rate hikes are not imminent. It later pared those losses. …
Bank of Canada chief: "A lot" of headwinds hitting economy
OTTAWA (Reuters) – Bank of Canada Governor Mark Carney, on the heels of telling markets that an interes t rate hike was not imminent, offered several reasons on Wednesday for why the central bank has kept rates exceptionally low. "There are a lot of headwinds against the Canadian economy from the rest of the world, there's a challenge to encourage business to invest, there are pressures on the currency," Carney told a parliamentary committee. … 
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