A lot is going on for the TSX right now! Its certainly the place to be for investors. Like expected, the TSX gain in a few points, but nothing to be over excited. We didn't gain back the 200+ points lost on this past Friday and this may be the sign of some rocky times ahead, even for my very darling TSX. Before this past Friday, I basically don't quite remember the last time we have a correction. We have a too nice summer and it all wash away all of my bad market memories.
Despite announcing common merger project to move forward, Potash Corporation of Saskatchewan Inc. (POT) and Agrium Inc. (AGU) both closed lower today. We should all be happy for this upcoming merger for many reasons. POT shares holder will be the one who'll benefit the most - POT seem to be quite volatile. As for AGU share holders, we know the drill, AGU is an EXTREMELY profitable stock. POT is next to nothing is comparison. A merger of common forces is a very good thing, even if AGU appear to be stronger than POT. It keep 2 great Canadian companies on our ground, for the benefit of all. I support AGU and POT merger decision. The company new name haven't been released yet. And even more important, we don't know if the new company issue from the merger will be a dividend payer one. All details, but I am confident and excited. I cannot wait to learn more about the merger. Too little had been said so far.
Actually, I was so excited that today I bought some AGU stocks! Maybe they'll gain on later on, I don't know. I just wanted to be part of the game and have more exposure to AGU while the company still exist.
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