Consumers are being squeezed by affordability challenges this Black Friday, but people still plan to spend on the annual sales day.Christinne Muschi/The Canadian Press
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. Take our business and investing news quiz.
This week: Ottawa and Alberta struck a new energy deal, Black Friday sales set up a test of Buy Canadian sentiment, and “bubble” concerns were brewing about a blockbuster industry and its key players.
c. On Wednesday, Prime Minister Mark Carney announced further limits on steel imports to support domestic producers, and more money for lumber mills.
b. Western University. Mr. Morneau visited a classroom of Western University business students as part of a course called Navigating Change – Lessons from CEOs Managing Strategic Transformation in Uncertain Times, which invites Canadian business leaders to speak with potential future CEOs about key decisions from their careers.
a. 31,610. There were 31,610 people with valid postgraduate work permits in Canada as of Sept. 30, and those visas will expire by Dec. 31, according to data from Immigration, Refugees and Citizenship Canada (IRCC). Economists aren’t sure what will happen next, and some temporary residents may stay in the country after Dec. 31, adding to Canada’s undocumented population.
c. $943. BDC surveyed 1,500 Canadian adults aged 18 years or older between Nov. 12 to 16. Nearly 60 per cent of planned holiday spending money was set aside for Canadian products and services, which BDC estimated could add up to $11-billion to Canada’s GDP.
d. Stellantis. MPs were seeking reasons for the automaker’s plans to move Jeep Compass production to Illinois from Brampton, and an accounting of federal and provincial funding agreements to support retooling – but no one from Stellantis was present on Parliament Hill and technical difficulties prevented a video appearance, to the frustration of politicians.
b. Toronto, Vancouver, Montreal and Ottawa. Guests and employees were blindsided when Sonder abruptly ceased operations. Kasa, Inc. and Lark are now actively pursuing options to take over the rental properties in Canadian cities and potentially bringing back former staff.
a. $130 per tonne. The commitment to increase the industrial carbon price marks a policy reversal for Alberta, after the government froze the price at $95 per tonne in May. Both levels of government have now committed to a new pricing agreement by April 1 that will ramp up Alberta’s price, but there is no set date for reaching that number.
c. Artificial intelligence. Mr. Burry responded in a Substack post after Nvidia, the world’s most profitable company, reportedly circulated a memo on Wall Street rebutting some of Mr. Burry’s claims about questionable accounting practices in the AI industry.