National Business

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.

The head of Cineplex Inc. is doubling down on video arcades as he looks to top up revenues amid the unsteady return of audiences to theatres. Box office revenue at the country's largest cinema owner rose one per cent year over year to $125.

CALGARY — Pathways Alliance says former MEG Energy president and CEO Derek Evans is its new executive chair.

CALGARY — Pembina Pipeline Corp. says it earned $439 million in the first quarter, up from $369 million a year earlier. The Calgary-based company says its revenue for the quarter ended March 31 was $1.54 billion, down from $1.

Improved mine automation helped fertilizer giant Nutrien Ltd. increase potash production in the first quarter amid strong demand for its products, the company’s chief executive said.

OTTAWA — Prominent business groups have backtracked their claim that one in five Canadians would be affected by the federal government's proposed changes to capital gains taxation.

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 — Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (22,375.83, up 116.67 points): Enbridge Inc. (TSX:ENB). Energy. Down one cent, or 0.02 per cent, to $51.14 on 12.3 million shares.

TORONTO — Canada's main stock index rose to a new record high, led by strength in energy, telecom and base metals, while U.S. markets also moved higher. The S&P/TSX composite index closed up 116.67 points at 22,375.83.