Fans lineup as they wait for the doors at Toronto's Rogers Centre before going to see Taylor Swift perform in the opening show of the Toronto dates for her Eras Tour, on Thursday November 14, 2024.Chris Young/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, AI bellwether Nvidia reported earnings, including its projections for fourth-quarter sales, and the Carney government announced another round of major projects to potentially fast-track. Take our business and investing news quiz.
a. The proposed Iqaluit Nukkiksautiit Hydro Project would build a hydroelectric dam along the Kuugaluk River, about 60 kilometres northeast of Iqaluit. The proposal, backed by an Inuit-owned developer, would be among Canada’s northernmost hydroelectric dams, and is expected to cost around $500-million.
b. US$65-billion, plus or minus 2 per cent. The projection beat analysts’ average estimate of US$61.66-billion, according to data compiled by LSEG. The world’s most valuable company is betting on booming demand for its AI chips, amid concerns about a stock market bubble around artificial intelligence players.
d. Marrakech, a work by the former British prime minister, was the painting in the catalogue with the highest estimate. It opened bidding at $500,000 and sold for the hammer price of $1.3-million. (Including the buyer’s premium, it sold for $1.56-million.) Hudson’s Bay will continue selling off its art collection over the coming weeks and months.
c. Longview, Wash., will host the Nutrien’s new terminal to export potash to fast-growing Indo-Pacific markets, including China, India and Japan, the company announced on Thursday. Nutrien’s chief commercial officer told The Globe that the company didn’t consider nationality or politics when choosing the location, and said the Washington site came out on top in its key criteria, including rail rates, freight costs and construction costs.
b. Bank of Canada Deputy Governor Nicolas Vincent made the remarks in a speech to economists in Quebec City, and suggested lowering the regulatory burden for companies and increasing competition to improve Canada’s growth prospects. “To put it bluntly, we’re stuck in a vicious circle. When productivity is weak, it’s much harder to meet current challenges and seize opportunities for the future,” Vincent said, according to the English text of his speech.
c. According to a new report from Manulife Group Retirement, almost half of Canadian retirees left the work force earlier than they had initially planned not because they could afford to, but because personal-health issues or caregiving demands pushed them out of the work force. Retiring unexpectedly early poses the risk that a retiree could outlive their savings.
a. Anglo has already promised to move its global headquarters to Vancouver from London, rename itself Anglo Teck, and to relocate many of its high-ranking personnel to Canada. But sources say Ottawa wants the mining company to redomicile to Canada, effectively making it a Canadian company and subject to the country’s tax code.
b. Artificial intelligence. Bell also said it will be focusing on the expansion of its U.S. fibre internet division, as well as increasing its footprint into Western Canada. The company is contending with sluggish top-line growth and $35-billion in long-term debt as of Sept. 30.
b. $300,000. According to figures from police services across Ontario, more than 110 victims filed complaints pertaining to a Facebook profile that used the name Denise Blackhawk that sold them tickets that didn't exist. The federal Liberals said they would crack down on fraudulent resellers, but a year later, not much progress has been made to fix the system.