South Bow earnings drop; bids close for possible new U.S.-bound pipeline

AI Summary

South Bow Corp. reported a significant drop in first-quarter earnings, attributed in part to market conditions and competition. Meanwhile, the company has closed bids for a potential new pipeline project heading towards the US market, indicating ongoing interest in infrastructure developments.

CALGARY — Crude pipeline operator South Bow Corp. says its first-quarter net income dropped to US$77 million during the first three months ...