National Business

TORONTO — Traditional wealth management firms are at an increasing risk of losing younger clients, particularly as new rules to make investment fees more transparent loom, a new survey shows. An investor satisfaction study released Thursday by J.D.

TORONTO — Thomson Reuters Corp. reported lower profits but a rise in revenue in its first quarter as it also modestly raised its expectations for revenue growth for the year. The company says it now expects total revenue growth for 2024 of between 6.

NEW YORK (AP) — The final cost of the New York Mets’ sorry 2023 season has been totaled: $420 million. Major League Baseball finalized its payroll figures for last year, and the Mets finished at a record $319.5 million.

CALGARY — Canadian Natural Resources Ltd. reported its first-quarter profit fell compared with a year ago as it realized lower prices for synthetic crude oil and natural gas.

MONTREAL — Air Canada lost $81 million in its first quarter, falling below analysts' expectations even as revenue and capacity ramped up.

VANCOUVER — Greater Vancouver's real estate board says the number of homes that changed hands in April rose 3.3 per cent from the previous year, but total sales were still well below the 10-year average for the month.

Investors considering where to park their money have a choice: go with a traditional financial adviser or trust in an algorithm.

OTTAWA — Statistics Canada says the country posted a merchandise trade deficit of $2.3 billion in March. The agency says it was the largest trade deficit since June 2023 and followed a surplus of $476 million in February. Total exports fell 5.

NEW YORK (AP) — Stocks are opening higher on Wall Street to trim their losses for the week. The S&P 500 was up 0.

MONTREAL — BCE Inc. reported its first-quarter profit fell compared with a year ago as it faced higher severance, acquisition and other costs related mainly to job cuts.