National Business

TORONTO — The Canadian Bankers Association says the country's six largest banks have allowed customers to defer payments on more than 10 per cent of the mortgages in their portfolios as borrowers affected by COVID-19 seek financial help.

Toronto Regional Real Estate Board says home sales were strong in the first half of March but then started to slow down because of the COVID-19 pandemic. Sales of 8,012 homes for the whole month was a 12.3 per cent climb from last year.

NEW YORK — The coronavirus outbreak has thrown 10 million Americans out of work in just two weeks in the swiftest, most stunning collapse the U.S.

BERKELEY, Calif.

TORONTO — Canada's main stock index moved higher Thursday as energy stocks surged on a record 25 per cent rise in crude oil prices. Oil prices jumped after U.S.

DOVER, Del. — A Delaware judge has dismissed a shareholder lawsuit against sports apparel maker Lululemon Athletica over its decision to give a $5 million severance package to its former CEO rather than fire him for misconduct.

DUBAI CITY, United Arab Emirates — President Donald Trump said Thursday that he expects Saudi Arabia and Russia will dramatically cut production and end an oil war that sent energy prices to record lows.

TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (13,097.76, up 221.36 points.) Cenovus Energy Inc. (TSX:CVE). Energy. Up 63 cents, or 23.16 per cent, to $3.35 on 28.3 million shares.

CALGARY — Budget cuts in the western Canadian oil and gas sector are hitting home for front-line workers who are facing smaller paycheques as well as an ever-increasing risk of being laid off. On Thursday, oilsands producer Cenovus Energy Inc.

TORONTO — Creators of the freshly minted subscription streaming platform Quibi had a tough sell on their hands even before the COVID-19 pandemic spiralled us into uncertain financial times.