National Business

CALGARY — Canadian Utilities Ltd., a subsidiary of Calgary-based holding company ATCO Ltd., plans to build a new, $2-billion natural gas pipeline in Alberta that will supply a massive net-zero petrochemical project being built northeast of Edmonton.

TORONTO — Spin Master Corp. says it continues to face challenges from inflation, higher interest rates and a slowdown in consumer spending, including on toys, that it predicts will remain through least the end of the year.

RICHMOND, B.C. — An investigation by the Transportation Safety Board has concluded that a small float plane coming in near Tofino, B.C.

MONTREAL — Stella-Jones Inc. reported a first-quarter profit of $77 million, up from $60 million a year ago, as its revenue rose nine per cent. The maker of utility poles and railway ties says its profit amounted to $1.

MONTREAL — Air Canada ranks below most other major North American airlines on customer satisfaction, with airfares a particular sore point, according to a new survey.

CALGARY — Suncor Energy Inc. says it is leasing and operating a number of Aframax oil tanker ships to carry crude from the recently completed Trans Mountain pipeline expansion to Pacific markets.

SAINT JOHN, N.B. — Regional air service in New Brunswick will get a boost in September when Saint John Airport adds new weekday flights to Halifax, reviving a route that was cancelled because of the pandemic.

SECAUCUS, N.J. (AP) — Internet casino gambling is legal in only a handful of states, but the industry is convinced it is the future of betting, even as some worry about cannibalizing physical casinos.

TORONTO — Despite Canada's slowing economic growth, demand is propping up the retail leasing market as rents continue to trend upwards, said the chief executive of RioCan Real Estate Investment Trust.

TORONTO — Brookfield Asset Management Ltd. says it earned US$102 million in its first quarter from its stake in the asset management business it owns with Brookfield Corp.