National Business

OTTAWA — Canada's homebuilding activity remained historically strong last month even though the annual pace of starts plunged 20 per cent from August, economists said Thursday. Canada Mortgage and Housing Corp.

PARIS — French soccer clubs hit by falling revenue during the coronavirus pandemic face missed payments from a new television deal with broadcaster Mediapro.

TORONTO — CBC says it is laying off more than 60 people in locations across Canada by the end of the year as part of a restructuring that affects about 130 jobs.

TORONTO — Canadian precious metals miner Yamana Gold Inc. says its shares will begin trading next week on the London Stock Exchange. The Toronto-based company is currently listed on the New York Stock Exchange and the Toronto Stock Exchange.

WASHINGTON — U.S. consumers cut back on their borrowing in August, with credit card use dropping for a sixth straight month, reflecting caution in the midst of the pandemic-triggered recession.

TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (16,428.30, up 192.17 points.) VIVO Cannabis Inc. (TSX:VIVO). Health care. Down 5.5 cents, or 30.56 per cent, to 12.5 cents on 12.

WASHINGTON — Federal Reserve officials expressed concern at their most-recent meeting that the U.S. economy recovery could falter if Congress failed to approve another round of pandemic relief.

TORONTO — Markets moved higher on Wednesday after a broad-based rally lifted shares of health-care companies and consumer brands, amid renewed hopes for a stimulus deal in the U.S.

Malcolm Coven, the tenacious co-founder of Canadian bargain store BiWay, has died. He was 91. The son of Russian Jewish immigrants, Coven grew up in Massachusetts and attended Boston Latin School, an elite public high school with entrance exams.

TORONTO — Markets moved higher after a broad-based rally lifted shares of health-care companies and consumer brands, amid renewed hopes for a stimulus deal in the U.S. The S&P/TSX composite index closed up 192.17 points at 16,428.30.