Welcome to The Globe and Mail’s business and investing news quiz. Join us each week to test your knowledge of the stories making headlines. Our business reporters come up with the questions, and you can show us what you know.
This week: Mining news has hit a vein this week, as Vancouver-based Teck Resources Ltd. said it had reached a friendly deal to be acquired by London-based Anglo American PLC in an all-stock transaction. The deal could result in one of the last remaining Canadian major critical minerals miners being swallowed up by a foreign buyer. What has another major Canadian mining company sold off this week? Take our quiz to find out.
d. Copper. The new company will be renamed Anglo Teck, will be worth about $50-billion and will become the world's fifth-largest copper producer. However, the deal must still win approval from Ottawa and that is far from a sure thing.
d. Its only Canadian mine. Barrick Mining Corp. is selling Hemlo, its only Canadian mine, to Carcetti Capital Corp. for up to US$1.09-billion. Barrick put Hemlo up for sale earlier in the year, deeming it a “non-core” asset.
a. His eldest son Lachlan. The Murdoch family has reached a deal that will see Rupert Murdoch’s politically conservative eldest son Lachlan Murdoch cement control of the family media empire, including Fox News and The Wall Street Journal.
d. It saw its stock price jump more than 25 per cent. Oracle stock jumped 36 per cent on Wednesday. That was the first time a company worth US$500-billion or more has achieved a one-day stock gain of 25 per cent or more, according to Dow Jones Market Data. The company shocked Wall Street this week with projections for meteoric growth in its cloud-computing revenue as a result of demand from artificial-intelligence applications.
b. Interfering with Telus’s sponsorship of the Calgary Flames. Telus alleges that Rogers has used its position as Canada’s dominant TV rights holder for NHL games to interfere with Telus's long-standing sponsorship of the Calgary Flames.
a. Shopify. Kaz Nejatian, Shopify’s chief operating officer and vice president of product, is leaving the company to become the new chief executive officer of San Francisco-based real estate company Opendoor Technologies, an online company that buys and sells residential real estate.
c. A self-driving taxi service. Amazon-owned Zoox hopes to carve out a piece of the robo-taxi market with its distinctive toaster-shaped autonomous vehicles. Zoox began offering free rides to passengers in Las Vegas this week as it awaits regulatory approval to offer its paid ride-hailing services.
b. Wealthsimple's security head apologized to customers on Monday after the company revealed a data breach leaked the sensitive information of thousands of its clients. He asserted there was nothing to suggest that the data accessed was misused.
a. Created about a million fewer jobs than thought. The U.S. economy likely created 911,000 fewer jobs in the 12 months through March than previously estimated, the government said, suggesting that job growth was already stalling before President Donald Trump’s aggressive tariffs on imports.
b. Georgia. The battery factory is under construction at Hyundai’s sprawling auto plant west of Savannah, Georgia. The U.S. government says the workers are in the U.S. illegally, but a lawyer for several of the detained workers says many are engineers and equipment installers with short-term business visas. They are in the U.S. only briefly to perform the highly specialized work of getting the battery plant online, he said.
c. Stayed flat. Whether one measures Canadians’ life expectancy from birth or from age 65, the number has plateaued in recent years. When measured from age 65, life expectancy in 2023 was virtually the same as it was in 2016. When measured from birth, it was actually lower in 2023 than it was in 2012.
c. Five. Mr. Lecornu is French President Emmanuel Macron’s fifth prime minister in less than two years. He was appointed after France’s parliament, deeply split between three opposing ideological camps, ousted Mr. Bayrou over his plans to tame the country’s ballooning debt.