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: New tariffs are worrying Canadian farmers, but they didn’t come from the country you might expect. So which state imposed them? Take our quiz to find out.
d. It raised half a billion dollars in funding. Cohere said it raised US$500-million in new funding, giving the business a valuation of US$6.8-billion. The Toronto-based company said it will use the money to help develop its artificial intelligence products.
b. Gildan, the Montreal-based T-shirt maker, says it will pay US$2.2-billion in cash and stock to gain control of North Carolina-based Hanesbrands.
a. China. In an escalation of previous trade friction, China announced that Canadian canola seed will now face a 75.8-per-cent duty. The move is in retaliation for Canada’s 100-per-cent tariff on Chinese electric vehicles.
c. A new name for what used to be the Hudson’s Bay department store. The business running the retailer is operating under new names after selling its old moniker and trademarks to Canadian Tire. One of the new names is Rupert Legacy, a reference to Rupert’s Land, the vast swath of wilderness that Hudson’s Bay controlled when it began as a fur trading business in 1670.
d. All of the above. Yep, everything is going up. Enjoy the good times – but remember that prices can also go in the opposite direction.
b. About 2 per cent. The massive fund, with nearly $300-billion in assets, generated a mere 2.1 per cent return in the first half. Don’t you feel better now about your own results?
c. Cultural appropriation. Mexican authorities accused Adidas of plagiarizing artisans in southern Mexico, alleging that a new sandal design is strikingly similar to the traditional footwear known as huaraches.
d. Goldman Sachs CEO David Solomon. Mr. Trump lashed out at Mr. Solomon, saying Goldman had been wrong to predict that tariffs would hurt the U.S. economy. He suggested Mr. Solomon might want to step away from his job and go back to his former hobby of being a DJ.
a. Gold. Mr. Trump said he would not impose tariffs on gold, ending days of speculation that bullion would be hit with import levies. Bullion investors rejoiced.
b. A mine dispute with the Malian government. Barrick is writing down the carrying value of its Malian operations as a dispute with the country’s government shows no signs of easing.
a. It ousted its chief executive. Open Text’s board of directors fired chief executive Mark Barrenechea and signalled it could sell off parts of the company.
d. About 62 per cent. Sales of U.S. distilled spirits in Canada plunged about 62 per cent in the first half of this year compared to the same period in 2024, according to the Distilled Spirits Council.