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UPDATE: Agrium Up 3.5% on TSX As Raises Q2 Earnings Outlook

Agrium Inc (AGU.TO), a Canada-based farm products retailer and potash miner, is up 3.5% today after raising its second-quarter earnings outlook on very strong retail sales and higher prices for nutrients.

Agrium, the largest North American farm products retailer, said it now expects to earn $4.10 to $4.40 per share, compared with its prior view of $3.38 to $3.88. "Record global crop prices are driving demand for all crop inputs," Agrium CEO Mike Wilson said.

It forecast first-half earnings of $5.12 to $5.42 per share, compared to the $4.40 to $4.90 a share previously forecast.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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