Enbridge reports $1.93B first-quarter profit as energy demand and prices grow

Enbridge Inc. says its profits rose in the first quarter as energy demand and prices continue to grow. The pipeline company reported earnings attributable to common shareholders of $1.927 billion compared with $1.9 billion in the same quarter last year. Enbridge says the profit amounted to 95 cents per share for the quarter ended March 31 compared with 94 cents per share a year ago. The Calgary-based company said cash provided by operating activities hit $2.94 billion in the first three months o