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: The House of Commons won’t return for ten more days, but the Opposition Leader is already taking aim at one major issue that has employers up in arms. The Canada Revenue Agency is also under fire, and on a tight deadline. But for what? Take our quiz and find out.
b. The temporary foreign worker program. Mr. Poilievre says the TFW program is flooding the job market with cheap labour and making it difficult for young Canadians to land entry-level positions.
c. They have all disappeared from public stock markets over the past 12 months. All these businesses have vanished from the Canadian stock market in recent months after being acquired by other companies. The trend raises concerns that the Toronto stock index is being hollowed out.
b. Nestle sacked chief executive Laurent Freixe for not disclosing a romantic relationship with an unnamed subordinate. Mr. Freixe had been in his job for a year and his abrupt departure creates uncertainty about what comes next for the Swiss food giant.
a. The latest crypto venture from the Trump family. It is a crypto token backed by the Trump family’s World Liberty Financial venture. When the token started publicly trading this week, its price gave the holdings owned by the U.S. president and his sons a nominal value of roughly US$5-billion. Its debut intensifies concerns about conflicts of interest as the U.S. president’s family makes billions (on paper, at least) from an industry he regulates.
c. It has doubled. Gold surpassed US$3,600 an ounce this week, slightly more than double the US$1,728 it was trading at three years ago. What’s driving the rush to bullion? In part, it’s fear about what will happen to the U.S. dollar if U.S. President Donald Trump succeeds in dismantling the independence of the U.S. Federal Reserve. Goldman Sachs figures gold could hit nearly US$5,000 an ounce if Mr. Trump takes direct control of monetary policy.
a. Boeing. WestJet has ordered the Boeing planes for delivery between 2029 and 2034. The airline says it is positioning itself for growth, but outsiders may wonder about its choice of supplier: Boeing has stumbled from one crisis to another in recent years.
d. Less than US$33-billion. The merger has destroyed an amazing amount of value. Kraft-Heinz hopes it can recover some of that lost value by splitting itself into two companies, one focused on groceries, the other on sauces and spreads.
d. Pasta. Richardson International, the 168-year-old agricultural heavyweight, is planning to expand in the United States with the US$375-million acquisition of pasta business 8th Avenue Food & Provisions Inc. The Canadian company said it wants to build on the strength of its durum wheat business.
b. Google will have to share data with competitors to open up competition in online search. However, it will not have to sell off Chrome or Android or end its arrangement with Apple.
a. Chile. Teck Resources said it is undertaking a shake-up at its Quebrada Blanca – or QB2 – site and cutting ties with its chief operating officer as it struggles with long-standing operational problems at the Chilean mine. Teck put the high-altitude mine in the mountains of northern Chile into production in 2023.
d. The share price has soared more than 30 per cent. American Eagle’s share price spiked nearly 38 per cent Thursday after the teen clothing retailer said the frenzy surrounding its Sydney Sweeney ad campaign drew new customers during its most recent quarter.
c. Reduce delays for callers. Mr. Champagne wants the CRA to cut wait times and improve service standards. In a letter to the parliamentary finance committee posted on the social-media site X, he called taxpayers’ current troubles in accessing assistance from the tax agency “unacceptable.”