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: Stock markets are down, then up, then down again, while tariffs on China are only seeming to rise. But in the middle of it all, one Canadian stock is still going strong. Which one was it? Take our quiz and find out.
b. Agnico Eagle Mines. The gold miner has done well as bullion continues to be the haven of choice for investors seeking to sidestep the market mayhem.
c. 145 per cent. As of Thursday morning, the tariff rate on Chinese goods is 145 per cent. Don’t count on it staying there, though. Mr. Trump raised the rate after Beijing imposed tariffs of 84 per cent on U.S. imports, a move that came after Washington threatened an additional 50-per-cent tariff on Chinese goods. Where does this game of tit-for-tat end? No one knows.
d. 90 per cent. Are you ready for the $2,000 phone? Bank of America analysts estimated the cost of a made-in-the-USA iPhone would be 90 per cent higher than the current price.
c. Two years. Mr. Carney aims to drive approval times down to two years, instead of five. Conservative Leader Pierre Poilievre has also promised to speed up approval times – in his case, to less than a year. All of which raises the question: If speedy approval times are such a great idea, why didn’t previous Liberal and Conservative governments already establish them?
c. Personal loans. Hey, honey, on your way home from work, can you pick up milk and a few thousand bucks? Circle K customers can now apply for personal loans at select locations in Ontario.
b. Using artificial intelligence. Shopify is embracing AI in a big way. Mr. Lütke said in a letter to staff that the company expects all employees to use AI in their everyday work. Anyone requesting additional head count or resources will have to demonstrate why AI can’t be used instead.
d. Expenses related to the kidnapping of its chief executive. WonderFI said it spent the money on ransom to secure the release of chief executive Dean Skurka as well as subsequent expenses related to bolstering security protocols. Remember this the next time someone tells you crypto is a mature asset class.
a. Toronto’s El Mocambo is up for sale after its owner, former Dragon’s Den star Michael Wekerle, defaulted on $55.6-million in debt through companies he controls.
d. Pulled it. In a sign of growing business uncertainty, Delta Airlines withdrew its financial forecast for 2025, citing the lack of economic clarity.
b. Slumped. Seven & i said fourth-quarter profit dropped 15 per cent, the company’s fourth consecutive quarter of profit decline.
a. Lithium. Chile’s lithium resources are 28 per cent larger than previously thought, according to a new study by a state mining body. That is good news for the South American country because the metal is a crucial ingredient in making batteries.
a. White House trade adviser Peter Navarro. Trouble in paradise! Mr. Musk blessed Mr. Navarro after the trade adviser said Mr. Musk’s Tesla is not a car manufacturer but a car assembler that obtains cheap parts from abroad.