What is Meta’s new artificial intelligence app called? Take our business and investing quiz.Carlos Barria/Reuters
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: British Columbia sued a major U.S. company, Warren Buffett is stepping down as chairman of Berkshire Hathaway and U.S. President Donald Trump and Chinese President Xi Jinping met in Washington. Take our quiz and find out what happened in business.
1Prime Minister Mark Carney is pitching the idea of Canada and the United States teaming up to become self-sufficient in:
a. Oil
b. Wheat
c. Gold
d. Fertilizer
d. Talk about growing together. Mr. Carney voiced the proposal after U.S. President Donald Trump toyed with switching to Belarus as a supplier of potash, a major ingredient in crop fertilizer. Canada currently supplies about 85 per cent of the United States’ potash needs.
2High Art Capital, a private investment firm backed by the Ontario government, has just paid $22.3-million for what?
a. A gold mine in northern Ontario
b. Condos in Toronto
c. A collection of First Nations carvings
d. Part ownership in a telecommunications satellite
b. High Art has paid $22.3-million for 43 unsold condo units in midtown Toronto. The company intends to turn the newly built units into rentals. It is backed by $300-million in financing from the Ontario government through its Building Ontario Fund, which was formed in 2024 to invest with private investors in infrastructure deemed critical for the province. Hmmm. How do condos qualify as critical infrastructure? Excellent question.
3The bond market was in a bad mood this week. The yield on the U.S. 10-year Treasury, the most widely followed interest-rate in the world, hit its highest level since:
a. 2024
b. 2019
c. 2007
d. 1999
c. The benchmark U.S. 10-year yield, which influences borrowing rates around the world, touched 5.14 per cent, which is where it was in 2007 before the global financial crisis dragged yields lower. Lingering inflation, rising fiscal deficits and huge borrowing by AI companies are among the factors driving bond yields and interest rates higher – a development that is not good news for stocks or for home buyers.
4Rising bond yields, surging diesel prices, big deficits – the U.S. economy is facing some big challenges. So how is U.S. business activity faring in September, according to a report from S&P Global?
a. It is at its lowest level in five years
b. It is at its highest level in five years
c. It is at the same level it has been for the past two years
d. It is accelerating but from very low levels
b. U.S. business activity raced to a more than a five-year high in September, according to S&P Global’s U.S. Composite PMI Output Index, which tracks the manufacturing and services sectors. The index increased to 58.4 this month, its highest level since July, 2021. But there is a downside to all that activity: It is straining supply chains and pushing prices higher.
5Meta Platforms’ stock price surged this week after Wall Street analysts boosted their forecasts for the company. The analysts are buzzing about the potential of Meta’s new artificial intelligence app called:
a. Bingo
b. Sage
c. Muse
d. Charisma
c. Muse lets users delegate a wide variety of tasks – ordering groceries, booking travel, organizing personal finances – to an AI agent. Its fans say Muse could shake up everything from banking to retailing by automatically finding the best and cheapest deal for whatever goods or services a user might be buying. To be sure, the prospect of a superintelligent bargain-hunter might not be universally welcomed, especially by the people peddling goods and services.
6Which of these countries has the lowest retirement age?
a. Canada
b. The United States
c. Sweden
d. Britain
a. At least according to government pension guidelines, “normal” retirement age is still 65 in Canada. In many other developed countries, it is 66 or 67 – and moving higher.
7The province of British Columbia sued a major U.S. company this week. Which one?
a. Georgia-Pacific
b. Walmart
c. Microsoft
d. OpenAI
d. The B.C. government has filed a lawsuit against artificial intelligence company OpenAI over the mass shooting in Tumbler Ridge, B.C., asserting “one telephone call to the RCMP could have prevented the tragedy.” The province says that OpenAI failed to warn police of alarming interactions between the shooter, 18-year-old Jesse Van Rootselaar, and the company’s ChatGPT product.
8Telesat, the Canadian satellite company, is facing a showdown with its American creditors over more than a billion dollars in debt. So how has Telesat stock performed this year?
a. It is up more than 60 per cent
b. It is down more than 60 per cent
c. It has stopped trading
d. It has held rock steady
a. Telesat shares have performed superbly thanks in part to the company landing a federal-government contract to provide broadband connectivity in the Arctic for the Canadian military. Oddly, though, the company’s debt is trading at distressed levels, suggesting debt holders believe there’s a possibility they won’t be paid back in full. Count on some drama ahead.
9Maple Leaf Foods is taking a second crack at a market that has defeated it in the past. It is relaunching Yves, a line of:
a. Venison sausages
b. Kosher food
c. Meat-based, high-protein snacks
d. Plant-based food
d. Maple Leaf purchased Yves Veggie Cuisine, a 40-year-old Canadian brand, late last year. The company hopes the revamped Yves lineup will fare better than its previous attempt to enter the plant-based protein area. That effort ended in failure when Maple Leaf, like rivals such as Beyond Meat, discovered that consumers were slow to switch to pricey, unfamiliar plant-based alternatives.
10At the age of 94, Warren Buffett is stepping down as chairman of Berkshire Hathaway. Who is the new chairman?
a. His son
b. His wife
c. Chief executive Greg Abel
d. Bill Gates
a. Mr. Buffett’s son, Howard Buffett, is the new chairman. He has been a director of Berkshire since 1993. The elder Buffett will now become chairman emeritus.
11In France, far-left presidential hopeful Jean-Luc Mélenchon has sparked controversy with his proposal to:
a. Take large stakes in private companies
b. Cancel billions of euros in government bonds
c. Limit private-sector salaries
d. Expropriate mansions
b. Mr. Mélenchon says the Banque de France could simply take bonds accumulated during years of quantitative easing by the European Central Bank and “throw them in the fire.” Um, sure.
12U.S. President Donald Trump and Chinese President Xi Jinping met in Washington this week to discuss matters ranging from microchips to arms sales. What did Mr. Trump ensure was completed before Mr. Xi arrived?
a. His new White House ballroom
b. An agreement on rare earths
c. A new White House helicopter pad
d. A joint statement on the Strait of Hormuz
c. Mr. Trump has made clear he wants to impress Mr. Xi. The Republican president made sure construction of a new helicopter landing pad on the White House’s South Lawn was completed before the visit.
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