of $881-million, down from $930-million in the first quarter of 2022, as its provisions for credit losses ticked up.
“The bank is starting the year on solid footing with robust results across all business segments and strong margin performance,” National Bank chief executive Laurent Ferreira said in statement. National Bank’s financial markets division reported a profit of $298-million, down from $305-million a year earlier, while its U.S. specialty finance and international operations earned $147-million, down from $148-million in the same quarter last year.
Enbridge also announced plans to build an oil terminal in Houston at a cost of US$240-million and an agreement with Brookfield Infrastructure Partners and Crestwood Equity Partners to buy natural gas storage company Tres Palacios Holdings LLC for US$335-million. Aecon Group CEO Jean-Louis Servranckx says the sale is consistent with the company’s goal of targeting prudent balance sheet leverage and liquidity and also reduces the overall capital intensity of Aecon’s business.
Aecon says its diluted earnings reached 26 cents per share, beating analyst expectations of 20 cents per share, according to financial data firm Refinitiv. An agreement could be reached in less than two weeks, Mr. Asvat said, noting there are only three issues left to be solved, with two of them being in the final stage of negotiations.
Equinor and its partners are expected to make a final investment decision on Rosebank’s development later this year.
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