Tijana Martin/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.
This week: Private credit is testing the nerves of some investors as AI roils markets. And last year, a number of companies delisted from the Toronto Stock Exchange. How many was it? Take our quiz and find out.
Justice Minister Sean Fraser indicated that the federal government is considering new regulations to ensure that AI companies alert police if a user shows signs of becoming a public danger. OpenAI, one of the AI sector’s flagship companies, failed to tip off law enforcement about alarming posts by the Tumbler Ridge shooter.
a. Apotex plans to go public this year with a share sale worth up to $1-billion, according to sources. Apotex is Canada’s largest pharmaceutical company, with 6,000 employees.
b. Mr. Summers, a former U.S. Treasury Secretary and former Harvard president, has resigned from teaching at the Ivy League university amid a review of his ties to Mr. Epstein, the late convicted sex offender. Mr. Summers, whose name appeared hundreds of times in newly released Epstein files, will step down at the end of the school year, according to a statement from a Harvard spokesperson.
a. OMERS gained 6 per cent on its investments in 2025. It was hampered by a weakening U.S. dollar, which dragged returns down by 1.3 percentage points, and poor performance from private equity investments, which lost 2.5 per cent.
b. Talk about never-ending dramas: Warner Bros. said Paramount raised the price of its takeover offer to US$31 per share. This could set the stage for yet another round of bidding with Netflix over the future of the Hollywood giant.
c. Nearly 1 in 5 users aged 13 to 15 told Meta Platforms that they saw “nudity or sexual images on Instagram” that they didn’t want to view, according to a court filing. Meta, which owns Facebook and Instagram, is facing a swarm of lawsuits that accuse the company of designing addictive products and fuelling a mental-health crisis among minors.
d. CMHC says affordability issues are no longer limited to Canada’s largest cities and have spread to Ottawa, Montreal and Halifax.. The trend to remote work during the COVID-19 pandemic helped drive real estate prices higher in each of those cities.
a. Mr. Trump is now imposing tariffs under Section 122 of the Trade Act of 1974. However, the levies can remain in place for only 150 days. Expect more legal fun ahead.
c. It’s a New York-based lender that has been one of the biggest beneficiaries from the decade-long rush to “private credit” – essentially, lending by companies that aren’t banks. Private credit boomed after the financial crisis as banks turned away from making risky business loans, but investors have recently been growing nervous about private credit’s exposure to the troubled software sector. Blue Owl, in particular, is being hit by a surge of redemptions. Tumult in the US$1.8-trillion private-credit market could shake the broader U.S. economy.
b. Mr. Ford abruptly closed the existing half-century-old Ontario Science Centre in midtown Toronto in June 2024, citing an engineering report that said the facility’s roof could collapse after a snowfall. Critics cast doubt on the report’s finding and argued that the real purpose of the closing was to relocate the centre to Toronto’s waterfront as part of the premier’s controversial drive to build a spa and waterpark there. For what it’s worth, the old roof is still doing just fine.
d. Companies are disappearing from Canada’s stock market at an unusually rapid rate. There were 38 delistings from the Toronto Stock Exchange in 2025, according to data from TSX parent TMX Group Ltd. Most of these delistings were the result of public companies being purchased by other public companies, but 15 delisted after having been taken private.
d. This is getting ridiculous. Nvidia reported a 73 per cent jump in revenue and blew past analysts’ expectations for earnings. That was not enough for investors looking for even more spectacular results.