National Business

OTTAWA — Air Canada's chief executive has apologized to a parliamentary committee in his first comments since his poor grasp of the French language raised a huge outcry last fall. "I am sorry.

TORONTO — Some of the most active companies traded Monday on the Toronto Stock Exchange: Toronto Stock Exchange (22,009.13, up 190.66 points.) Canadian Natural Resources (TSX:CNQ). Energy. Up $2.37, or 3.1 per cent, to $78.77 on 20.8 million shares.

TORONTO — Gains in the energy and base metals sectors powered Canada's main stock index to a record level above 22,000 for the first time while the loonie reached its highest level in two months.

ST. JOHN'S, N.L. — A sharply worded new report from a consulting firm hired to monitor the long-delayed Muskrat Falls hydro project in Newfoundland and Labrador says the province's wait for power could drag on for at least another year.

LONDON (AP) — Former tennis champion Boris Becker went on trial Monday in London for allegedly concealing property — including nine trophies — from bankruptcy trustees and dodging his obligation to disclose financial information to settle his debts.

OMAHA, Neb. — Warren Buffett, who started the year bemoaning the lack of potential acquisitions for his conglomerate, Berkshire Hathaway, announced Monday that it would acquire the insurance company Alleghany for $11.6 billion.

TORONTO — An Ontario security software company says it has discovered a new affiliate of a ransomware gang that has pledged allegiance to Russia carrying out attacks with threat emulation technology. Waterloo, Ont.

TORONTO — Barrick Gold Corp. has signed an agreement in principle to restart work on its Reko Diq project in Pakistan's Balochistan province. The project was suspended in 2011 due to a dispute over the legality of its licensing process.

DUBAI, United Arab Emirates (AP) — Saudi Arabia said on Monday that it “won't bear any responsibility" for a shortage in global oil supplies after a fierce barrage of attacks by Yemen's Houthi rebels affected production in the kingdom, the world's la

BEIJING (AP) — A China Eastern Boeing 737-800 with 132 people on board crashed in the southern province of Guangxi on Monday, officials said.