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: U.S. President Donald Trump doubled steel and aluminum tariffs and it’s no wonder Canadians are still avoiding trips down south. But which country’s tourism sector is reaping the benefits of the U.S. travel boycott? Take our quiz and find out.
d. The government shed 10,000 jobs. Believe it or not, the federal civil service is finally shrinking. The net decline of 9,807 positions between 2024 and 2025 reduced the civil service headcount by 2.6 per cent, to about 358,000 people. The decline was the first since 2015.
b. Japan. Travel by Canadians to Japan soared in the first few months of 2025 compared to a year earlier. The strength of the Canadian dollar versus the yen has helped make the Asian country more affordable for Canadians.
c. About half. Ouch. U.S. steel and aluminum tariffs hit Canada hard because we supply about half of all aluminum imports to the United States, as well as nearly a quarter of steel imports.
a. Trump Always Chickens Out, or TACO, is an acronym invented by Financial Times columnist Robert Armstrong to describe the U.S. President’s habit of decreeing sweeping tariffs or other supersized punishments against countries he doesn’t like, then backing down as the problems with his initial assault become evident. It’s an on-again, off-again pattern that has thrown markets into turmoil.
c. The budget bill going through Congress. Okay, okay, we suspect that Mr. Musk loathes all the things on this list, but the one that is the focus of his current ire is the One Big, Beautiful Bill Act (yes, that’s its actual name). The sweeping tax and spending bill would add trillions to the U.S. debt and Mr. Musk doesn’t like that one bit. His distaste for the not-so-beautiful bill signals the billionaire’s growing distance from Donald Trump.
a. Meta's long-term deal with Constellation Energy underlines the quiet resurgence in nuclear power. Atomic energy is growing more popular as big technology companies try to lock down reliable sources of non-polluting electricity to drive their artificial intelligence services.
d. Sweden. The increased use of AI and legal requirements to host data within Europe have led to a boom in data centres on the continent. Sweden has become a popular site because of its reliable electricity, connectivity and infrastructure.
d. More than $350,000. The exact answer will vary depending on how much parents earn, but for a medium-income household, the total cost of raising a child from birth to 18 ticks in at about $367,000, according to 2017 data from Statistics Canada, updated for inflation. Note that this figure doesn’t include the cost of university or college. Sigh. No wonder couples aren’t having more kids.
b. Economic growth is slowing. It was not a happy report. Global economic growth is slowing more than expected just a few months ago as the fallout from Donald Trump’s trade war takes a toll on the U.S. economy, according to the OECD.
a. Canada's trade deficit hit a record high of $7.1-billion in April, far exceeding analysts’ expectations. The primary culprit was Washington’s new tariff policy, which slammed Canadian exports to the United States.
c. The bond market. Mr. Dimon worries that investors may start shunning U.S. government debt as Washington continues to run up huge deficits.
b. Honesty. Ms. Gino built her reputation by researching honesty and ethical behaviour. Oops.