National Business

MONTREAL — Glenn Chamandy is officially back as the chief executive of Gildan after a months-long public battle over leadership of the Montreal-based clothing company he co-founded.

TORONTO — KPMG says it has named Benjie Thomas as the new CEO of its Canadian division. The accounting giant says he will step into the role Oct. 1, replacing Elio Luongo who is wrapping two consecutive terms.

CALGARY — After a three-year hiatus, the University of Calgary is bringing back its suspended oil and gas engineering program to help address the hiring challenges being faced by Canadian energy companies.

TORONTO — A broad-based rally helped Canada's main stock index close up more than 100 points Friday to largely recover from losses a day earlier, while U.S. stock markets also climbed. The S&P/TSX composite index ended up 120.08 points at 22,320.

TORONTO — Some of the most active companies traded Friday on the Toronto Stock Exchange: Toronto Stock Exchange (22,320.87, up 120.08 points): Suncor Energy Inc. (TSX:SU). Energy. Down nine cents, or 0.16 per cent, to $55.06 on 10.0 million shares.

NEW YORK (AP) — U.S. stocks rose in a bounce back from Wall Street’s worst day since April. The S&P 500 gained 0.7% to win back all its losses from earlier in the week.

Canada Post needs drastic measures to staunch the fiscal bleeding and revamp its operations after a tough decade, experts say.

TORONTO — Ontario is speeding up its expansion of alcohol sales in the province, and the move comes with up to $225 million in public money for The Beer Store.

CALGARY — Enerplus Corp. says its shareholders have voted to approve a takeover of the company by U.S. company Chord Energy Corp. The Calgary-based oil and gas company says shareholders voted 99.6 per cent in favour of the stock-and-cash deal.

Lynx Air hopes to sell off everything from life jackets to oxygen masks as it tries to recoup a portion of the losses it suffered before filing for creditor protection earlier this year.