Saturday, November 5, 2011

Olivia Chow takes swing at potash profits

Olivia Chow takes swing at potash profits

Olivia Chow takes swing at potash profits
REGINA - Jack Layton's widow is taking a swing at the CEO of Potash Corp. (TSX:POT) and his multimillion-dollar income as she campaigns for the Saskatchewan New Democrats.

Olivia Chow, the member of Parliament for Toronto's Trinity-Spadina riding, told a breakfast crowd in Regina that Bill Doyle makes about $144 million a year.

Chow says that kind of money could ensure seniors have an affordable place to live, pay for more daycare spaces or help students pay for post-secondary school.

New Democrats argue the province should get more money when companies develop potash resources.

The NDP's election platform hinges on collecting more potash revenue to cover billions in new spending promises.

Chow says the money is there because the resource belongs to the province and she urged party supporters to spread that message ahead of Monday's vote.

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