Enbridge reports $1.7B Q1 profit, down from $1.9B a year earlier

Enbridge Inc. reported a first-quarter profit of $1.7 billion, down from $1.9 billion a year ago as it was hit by a realized loss due to the termination of foreign exchange hedges. The pipeline company says the profit amounted to 86 cents per share for the quarter ended March 31, down from 95 cents per share in the same quarter a year earlier. On an adjusted basis, Enbridge says it earned 85 cents per share in its latest quarter, up from an adjusted profit of 84 cents per share a year earlier. T