Welcome to The Globe and Mail’s business and investing news quiz. Join us each week to test your knowledge of the stories making the headlines. Our business reporters come up with the questions, and you can show us what you know.
This Week: Quebec’s Couche-Tard is back in the news for its attempt to take over a major Japanese company, while chipmaker Nvidia stocks keep soaring. Meanwhile, U.S. President Donald Trump hit a snag in his plans to start the Keystone XL pipeline again. What’s the issue? Take our quiz and find out.
1A management attempt to buy Japan’s Seven & i Holdings for US$58-billion fizzled this week. The owner of the 7-Eleven convenience store chain said it would now consider a rival bid from:
a. Alimentation Couche-Tard
b. Brookfield Corp.
c. Power Corp. of Canada
d. Restaurant Brands International
a. Alimentation Couche-Tard., based in Laval, Que., is attempting to complete the biggest ever foreign takeover of a Japanese company. Its US$47-billion bid for Seven & i highlights growing international interest in Japanese assets. It also highlights the resistance that foreign acquirers face when trying to buy Japanese companies.
2National Bank of Canada’s chief executive Laurent Ferreira called on Ottawa this week to do what?
a. Appoint a national manufacturing czar
b. Appoint a tax-cut commission
c. Appoint a head of deregulation
d. Appoint a national energy chief
c. Appoint a head of deregulation. Mr. Ferreira complained that Canadian companies face excessive regulation. He suggested the federal government appoint a non-partisan head of deregulation to recommend ways to reduce “unproductive red tape.” Hmmm. Don’t we have a form for that?
3Computer chipmaker Nvidia reported stellar results this week – sales up 78 per cent, net income up 80 per cent from a year earlier. What is the name of the company’s newest star product?
a. Blackwell
b. Lovelace
c. Turing
d. Hopper
a. Blackwell. You could practically hear investors let out a sigh of relief when Nvidia said orders for its new Blackwell semiconductors were “amazing.” Only a month ago, Chinese start-up DeepSeek rattled markets by developing a highly competent chatbot for what it said was a fraction of the cost of similar Western products. DeepSeek’s statements had spurred fears that companies might be overspending on artificial intelligence, including chips from Nvidia.
4Which online marketplace announced this week that it is launching a program designed to make it easier for Canadian companies to sell goods to Canadian customers?
a. Shopify
b. Amazon
c. Alibaba
d. Temu
d. Temu, which originated in China but now spans 90 markets, said Canadian companies will be able to list their products directly on its site and app. The move challenges Canada’s Shopify on its home turf.
5Bitcoin soared more than US$100,000 after Donald Trump’s election in early November. Where was it trading on Thursday of this week?
a. Around US$120,000
b. Around US$99,000
c. Around US$85,000
d. Around US$72,000
c. Around US$85,000. Bitcoin hit a three-month low this week. Its slide may have something to do with the hack of US$1.5-billion in ether from the Bybit exchange last week. Or it may reflect waning confidence in the economy. Or it could be about something else entirely. With crypto, who knows?
6Donald Trump says he wants the Keystone XL pipeline to get built. Others aren’t so sure. Which company said this week that it is no longer in the oil pipeline business?
a. Enbridge
b. TC Energy
c. Pembina
d. Canadian Natural Resources
b. TC Energy. Gosh, Mr. Trump, it’s nearly as if Canadian companies are wary of fickle U.S. politicians. TC Energy, formerly called TransCanada, first proposed the Keystone XL pipeline in 2008 to bring crude to U.S. refiners from Alberta’s oil sands. The controversial project was halted in 2021 after Joe Biden revoked a key permit. TC then became a natural gas infrastructure and power business late last year. It spun off the oil side of its operations into a new company called South Bow – which said this week that it has “moved on” from Keystone.
7What did Starbucks announce this week?
a. Mass layoffs of corporate employees
b. Significant price increases
c. Shopify
d. A jump in barista wages
a. Mass layoffs of corporate employees. Chief executive Brian Niccol was hired last year to reinvigorate the chain’s slumping U.S. sales. Some of his first moves, though, look a lot like simple old-fashioned cost-cutting. He told employees this week that he plans to lay off 1,100 corporate staff members.
8We all know that rich people spend more, but exactly how much more? According to a recent analysis, the top 10 per cent of U.S. households now account for:
a. About 25 per cent of all spending
b. About 40 per cent of all spending
c. About 50 per cent of all spending
d. About 60 per cent of all spending
c. About 50 per cent of all spending. It’s a rich person’s world; the rest of us just window-shop in it. According to Moody’s Analytics, the top 10 per cent of households – those making about US$250,000 a year or more – now account for 49.7 per cent of all spending in the United States. Three decades ago, the well off accounted for only about 36 per cent of spending.
9What is a Canadiano?
a. A term for Americans who yearn to live in Canada
b. A term for what coffee shops used to call an Americano
c. A term for American politicians sympathetic to Canada
d. A term for Canadians who are buying distressed Italian real estate
b. A term for what coffee shops used to call an Americano. British Columbia-based Kicking Horse Coffee has called on Canadian coffee shops to change the name of their Americanos to Canadianos. The name change may not make a lot of historical sense, but it does seem to be striking a chord with patriotic customers.
10Like many advanced economies, Japan has launched incentive programs designed to encourage couples to have more kids. After the introduction of those programs, how many babies were born in the country last year?
a. The highest number in 125 years
b. The highest number in 25 years
c. The lowest number in 25 years
d. The lowest number in 125 years
d. The lowest number in 125 years. Ouch. Japan recorded only 720,988 births in 2024, the lowest number since records began 125 years ago. Combined with a record 1.6-million deaths, the figures mean Japan’s non-immigrant population shrank by around 900,000 people.
11Which iconic car company announced this week it was laying off 5 per cent of its workforce?
a. Jaguar
b. Aston Martin
c. Porsche
d. Tesla
b. Aston Martin. The car company famed for building James Bond’s vehicle of choice is struggling. Its losses are up sharply and it has postponed plans for an electric vehicle while it focuses on launching its Valhalla line of hybrids. Don’t count on any discounts, though. Each Aston Martin Valhalla will sell for roughly US$1.1-million.
12How many of Canada’s Big Six banks managed to beat analysts’ expectations in their most recent quarter?
a. Two
b. Four
c. Five
d. Six
d. Six. It takes more than the threat of U.S. tariffs and a slowing economy to put a lid on Canadian banks. In results announced over the past few days, all six of Canada’s big banks managed to beat analysts’ expectations for the most recent quarter.
Answer all of the questions to see your result