
The Conference Board of Canada has released a less than conclusive report on BHP Billiton’s hostile $38.6-billion takeover bid for Saskatchewan’s PotashCorp.
The report indicates that there will be little short-term benefit to Canada in terms of jobs if the international mining conglomerate succeeds in its hostile bid for PotashCorp, and that the provincial government’s tax revenue could be hit by as much as C$2 billion over the next ten years.