National Business

MONTREAL — Gildan Activewear Inc. swung to a US$146.4-million profit in the second quarter as revenues surged 225 per cent despite supply chain challenges. The Montreal-based apparel maker, reporting in U.S.

TORONTO — Financial literary expert Laurie Campbell experienced first-hand the embarrassment that many parents fear after she told her young son how much money she made.

The rush of companies adopting new software during the COVID-19 pandemic sparked a wave of business for technology firms, but Lightspeed Commerce Inc.'s Dax Dasilva isn't worried about rivals.

TORONTO — TMX Group Ltd. is reporting a double-digit increase in profits and revenues in the second quarter. The company, which operates the Toronto Stock Exchange, says its net income increased 14 per cent to $77.3 million, up from $67.

WASHINGTON (AP) — Richard Trumka, the powerful president of the AFL-CIO labor union, has died, Democratic leaders said Thursday. News of his death was announced by President Joe Biden and Senate Majority Leader Chuck Schumer.

MONTREAL — Quebecor Inc. is reporting a 29-per-cent drop in profits in the second quarter despite higher revenues. The Quebec-based telecommunications company says its net income attributable to shareholders was $123.

TORONTO — RioCan Real Estate Investment Trust is seeing tenants steadily signing leases now that Canadian businesses are reopening following COVID-19 lockdowns, but office rental activity is rebounding at a slower rate.

TORONTO — Sun Life Financial Inc.

OTTAWA — Statistics Canada says the country posted a merchandise trade surplus of $3.2 billion in June as exports rose and imports fell. The result is a return to surplus after a $1.6 billion deficit in May. Total exports increased 8.

MONTREAL — Saputo Inc. is reporting lower profits in the first quarter of fiscal 2022 despite a 2.9 per cent increase in revenues as it continued to feel the effects of the COVID-19 pandemic.