Bulls, bears and Bay Street: Test your knowledge of 2023’s business news

Article content material

1. What sector led a rally in North American fairness markets in the course of the first half of 2023?

a. Expertise

Article content material

b. Power

c. Banks

d. Telecommunications

_

2. Halfway into the yr, which airline division(s) did WestJet say it deliberate to close down?

a. Swoop

b. Sunwing Airways

c. Swoop and Aptitude

d. Swoop and Sunwing Airways

_

3. In July, which firm filed a trademark software for its model’s signature color, also called Pantone 301?

a. Tangerine

b. Bell

c. Canadian Tire

d. Rogers

_

Article content material

4. Which firm pleaded responsible in June to 4 counts of price-fixing on bread merchandise beneath the Competitors Act, and was fined $50 million?

a. Weston Bakeries

b. Loblaw

c. Canada Bread

d. Maple Leaf Meals

_

5. What number of instances did the Financial institution of Canada elevate rates of interest in 2023?

a. Two

b. Three

c. 4

d. 5

_

6. Which Canadian firm did NOT file for creditor safety in 2023?

a. Unhealthy Boy Furnishings Warehouse Ltd.

b. Hudson’s Bay Co.

c. Metroland Media Group

d. Mastermind GP Inc.

_

7. Who was summoned to look earlier than a parliamentary committee to reply for his remarks after saying publicly, “We have now a little bit of a disproportionate emphasis on the longer-term power transition,” and “at present we win” by specializing in oil?

a. Enbridge CEO Greg Ebel

b. Imperial Oil CEO Brad Corson

c. Suncor CEO Wealthy Kruger

d. Conservative chief Pierre Poilievre

_

8. Ex-Rogers CEO Joe Natale sued his former employer this yr, alleging Rogers dedicated wrongful dismissal and breach of contract. Within the lawsuit, he accused chairman Edward Rogers and his spouse Suzanne of hiring which actor from HBO’s “Succession” to create a “demeaning” video about Natale?

Article content material

a. Brian Cox

b. Jeremy Sturdy

c. Kieran Culkin

d. Sarah Snook

_

9. What number of houses did the Canada Mortgage and Housing Corp. say the nation must construct by 2030 to succeed in some semblance of affordability?

a. 3.1 million

b. 3.5 million

c. 4.2 million

d. 4.8 million

_

10. RBC confronted protests from shareholders and stakeholders at its annual common assembly associated to its local weather insurance policies and Indigenous consultations, regardless of internet hosting the assembly removed from its headquarters in Toronto. In what metropolis was the AGM?

a. Edmonton

b. Yellowknife

c. Halifax

d. Saskatoon

_

11. What airline persistently ranked close to the underside for on-time efficiency amongst North America’s 10 largest carriers over the previous six months?

a. Delta Air Strains

b. American Airways

c. Air Canada

d. WestJet

_

12. Which Canadian hashish firm acquired into the orchid rising enterprise in 2023?

a. Cover Development Corp.

b. Tilray Inc.

c. Excessive Tide Inc.

d. Aurora Hashish Inc.

_

13. When requested by reporters about adjustments their firm made after going through challenges in 2023, which Canadian enterprise chief mentioned, “Do you consider every thing you learn?”

Article content material

Article content material

a. Loblaw’s Galen Weston

b. CBC’s Catherine Tait

c. Indigo’s Heather Reisman

d. Air Canada’s Michael Rousseau

_

14. What was the approximate worth of cargo disrupted by the 13-day B.C. port employees strike in July?

a. $500 million

b. $6 billion

c. $10 billion

d. $40 billion

_

15. Which firm was spun off and bought to Quebecor-owned Videotron as a part of Rogers’ takeover of Shaw, which was finalized in April?

a. Freedom Cell

b. Koodo Cell

c. Fido

d. TekSavvy

_

16. It was an enormous yr for banks as a number of blockbuster offers moved ahead, however which one among them fell aside?

a. Royal Financial institution’s $13.5-billion takeover of HSBC

b. TD Financial institution’s US$13.4-billion takeover of First Horizon

c. BMO’s US$16.3-billion takeover of Financial institution of the West

d. Nationwide Financial institution’s acquisition of Silicon Valley Financial institution’s $1-billion mortgage portfolio in Canada

_

17. Teck Assets Ltd. introduced a deal in November to promote its steelmaking coal enterprise. Which firm is shopping for a majority stake within the operations?

a. BHP Group Ltd.

b. Glencore PLC

c. Anglo American PLC

d. JSW Metal Ltd.

_

18. Which firm didn’t signal the federal authorities’s voluntary AI code of conduct?

Article content material

a. BlackBerry Ltd.

b. Cohere Inc.

c. OpenText Corp.

d. Shopify Inc.

_

19. Inflation has been cooling because it peaked at 8.1 per cent in June 2022. What was the year-over-year enhance within the client value index in June this yr?

a. 2.8 per cent

b. 3.4 per cent

c. 3.9 per cent

d. 4.1 per cent

_

20. What commodity was in brief provide in Western Canada in November attributable to a strike at a B.C. processing facility?

a. Metal

b. Soybeans

c. Sugar

d. Lumber

_

1. a; 2. d; 3. b; 4. c; 5. b; 6. b; 7. c; 8. a; 9. b; 10. d; 11. c; 12. d; 13. c; 14. c; 15. a; 16. b; 17. b; 18. d; 19. a; 20. c

1. a; A handful of enormous expertise shares led a slender rally within the first half of 2023, fuelled by hopes for the expansion of synthetic intelligence.

2. d; WestJet revealed in June it will shut down its funds subsidiary Swoop on the finish of October. Eight days after the announcement, it confirmed it will fold low-cost provider Sunwing Airways — which it acquired in Could — into its mainline operation inside two years.

3. b; Bell Canada utilized to trademark the color used throughout its branding as “Bell Blue.” If accepted by the Canadian Mental Property Workplace — a course of that sometimes takes years — the trademark would give the telecom and media large unique rights for a decade to make use of the color throughout sure items and companies it affords.

Article content material

4. c; Canada Bread was fined $50 million, the best price-fixing superb ever imposed by a Canadian courtroom, in response to the Competitors Bureau. The settlement was a milestone within the bureau’s ongoing investigation into an alleged bread price-fixing scheme within the meals trade.

5. b; The Financial institution of Canada raised charges by 1 / 4 share level in every of January, June and July. The central financial institution’s key fee has remained unchanged at 5 per cent since July.

6. b; Unhealthy Boy and Mastermind filed for creditor safety in November, whereas Metroland filed in September.

7. c; Kruger made the controversial feedback on Suncor’s second-quarter earnings name in August.

8. a; In courtroom filings, Natale alleged Edward and Suzanne Rogers employed “Succession” actor Brian Cox to create the video about him and distribute it to their relations, mates and colleagues, earlier than it was ultimately reported on by media. The video included a message congratulating Edward Rogers on his “real-life Succession at Rogers Communications” and used an expletive to explain Natale’s departure. The allegations haven’t been confirmed in courtroom.

Article content material

9. b; In September, CMHC maintained its 2022 projection that Canada wants about 3.5 million further housing items by 2030 to revive affordability.

10. d; RBC mentioned it periodically hosts its AGM in different cities.

11. c; Within the interval between June and November, Air Canada ranked within the backside two spots each month for on-time efficiency among the many 10 largest airways in North America.

12. d; Aurora is rising orchids beneath its subsidiary Bevo Agtech Inc., which grows flowers and greens.

13. c; Reisman made the remarks in October, when reporters touring a brand new Indigo location in Toronto requested her about what adjustments she could have made internally after the corporate noticed the departure of a number of executives and board members, one among whom alleged “mistreatment.” Indigo mentioned on the time it was assured in its enterprise, funds and long-term technique.

14. c; The job motion by 7,400 dockworkers brought on shippers to reroute their items to ports on the west coast of the U.S.

15. a; Freedom Cell, which was beforehand owned by Shaw, was formally bought to Videotron in April when Ottawa accepted the Rogers-Shaw merger. Rogers and Shaw had agreed in June 2022 to promote Freedom for $2.85 billion in an try and ease competitors considerations surrounding the takeover.

Article content material

16. b; TD known as off the deal, citing “uncertainty as to when and if it will be capable of receive regulatory approval.” It later disclosed that it was going through investigations, and expects fines, from U.S. regulators associated to its anti-money laundering compliance program.

17. b.; Glencore has agreed to pay US$6.9 billion for a 77-per-cent stake in Teck’s steelmaking coal enterprise. Japanese firm Nippon Metal Corp. will purchase a 20 per cent stake and South Korean steelmaker Posco is getting a 3 per cent stake.

18. d; It was Shopify Inc. When the code was introduced in September, CEO Lutke posted on X, “I gained’t help it. We don’t want extra referees in Canada. We want extra builders.”

19. a; The annual inflation fee cooled to 2.8 per cent in June as the worth of gasoline fell in contrast with the identical month a yr earlier. The tempo of value development has fluctuated within the second half of 2023, with the latest knowledge exhibiting an annual fee of three.1 per cent in November.

20. c; Employees on the Rogers Sugar processing facility in Vancouver started a multi-week strike on Sept. 28.

Article content material