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CALGARY, Alberta -- Agrium Inc. (TSX and NYSE: AGU) announced today net earnings for the fourth quarter of $124-million ($0.79 diluted earnings per share), compared with the net earnings of $172-million in the fourth quarter of 2007 ($1.24 diluted earnings per share).  On an annual basis, 2008 was a record year for Agrium, with net earnings of $1.3-billion ($8.34 diluted earnings per share) versus the previous record of $441-million in net earnings ($3.25 diluted earnings per share) set in 2007.