National Business

MONTREAL — Travel company Transat A.T. Inc. says it expects to fall short of its financial guidance for the year.

CALGARY — Enbridge Inc. reported its first-quarter profit fell compared with a year ago as it recorded a non-cash, net unrealized derivative fair value loss as well as costs related to job cuts announced in February.

OAKVILLE, Ont. — Algonquin Power & Utilities Corp. named Chris Huskilson as its chief executive as it reported a loss in its latest quarter. Huskilson has been interim CEO since August 2023. The power utility, which keeps its books in U.S.

CALGARY — Crescent Point Energy Corp. reported a loss of in its latest quarter as it was hit by a non-cash impairment charge related to assets in Saskatchewan it is selling. The oil and gas producer says it lost $411.

OTTAWA — Statistics Canada is set to release its April labour force survey this morning. Canada's labour market has cooled significantly over the past year as high interest rates have filtered through the economy.

VANCOUVER — Canfor has announced it is permanently closing its Polar sawmill in Bear Lake, B.C., shutting a production line at its Northwood Pulp Mill in Prince George, and suspending its "planned reinvestment" in Houston, B.C.

VICTORIA — A B.C. legislature committee looking into taxi and ride-hailing services has issued recommendations, including measures to improve accessibility for people with disabilities and services in small and rural communities.

EDMONTON — The Alberta Utilities Commission has fined another company for operating an electricity generator without a licence — using the power, like other offenders, to operate bitcoin mines.

FREDERICTON — The union representing staff in New Brunswick's Tourism Department says money spent by the tourism minister and her deputy on a European trip could have helped stave off staffing cuts at popular attractions in the province.

TORONTO — Sun Life Financial Inc. says it had a net income of $875 million in its first quarter, a two per cent decline from last year. The insurer says profits were affected by its U.S.