National Business

CALGARY — Canadian Pacific Railway Ltd. and the union representing 3,000 conductors, engineers and train and yard workers say they have agreed to final and binding arbitration to end a work stoppage.

WASHINGTON (AP) — Chair Jerome Powell said Monday that the Federal Reserve would raise its benchmark short-term interest rate faster than expected, and high enough to restrain growth and hiring, if it decides this would be necessary to slow rampaging

REGINA — Saskatchewan Premier Scott Moe says he will be travelling to Europe later this week to discuss food security and energy during a trade mission.

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.