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When will formal trade talks between Ottawa and Washington resume? Take our business and investing news quiz for the week ending Sept. 11

When will formal trade talks between Ottawa and Washington resume? Take our business and investing news quiz for the week ending Sept. 11



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An attendee holds American flag placards during the first day of the Republican national midterm convention in Dallas on Sept. 9.KENT NISHIMURA/AFP/Getty Images

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: U.S. President Donald Trump this week promised voters he would reward them with US$5,000 apiece if Republicans maintain control of Congress, Apple introduced a major new product and the Royal Bank of Canada announced it will launch a $1.4-billion fund. Take our quiz and find out what happened in business.


1The Canada-U.S. trade war spread into new areas this week. Which Canadian company’s stock tumbled after U.S. President Donald Trump urged a boycott of its products?

a. Shopify

b. Lululemon

c. Tim Hortons

d. Bombardier

d. Bombardier shares fell sharply on the Toronto Stock Exchange after Mr. Trump suggested he would ban Bombardier jet sales in the United States. Analysts say it’s not clear what legal mechanism the White House could use to stop the Quebec-based company from exporting into the U.S., but that’s not really the point of Mr. Trump’s tirade, is it? Things are getting nastier.

2Canadians are understandably nervous over how long trade tensions with the U.S. will continue. Kirsten Hillman, Canada’s former envoy to the U.S., says formal trade talks between Ottawa and Washington will likely resume in:

a. Days

b. Weeks

c. Months

d. Years

c. Restrain your hopes for a quick fix. Ms. Hillman, who served as ambassador and acting ambassador to the U.S. for more than six years, said she doesn’t believe Canada and the United States will resume formal negotiations any time soon. “It may be months,” she said, before U.S. negotiators realize Canada isn’t budging on key issues such as steel and auto tariffs.

3The political backdrop to the trade talks in the U.S. is getting loonier by the minute. President Donald Trump this week promised voters he would reward them with US$5,000 apiece if Republicans maintain control of Congress in the midterm elections this November. How much would this pledge cost in the unlikely event it ever becomes reality?

a. More than US$100-billion

b. More than US$500-billion

c. More than US$1-trillion

d. More than US$10-trillion

Remember when Republicans prided themselves on being the party of fiscal responsibility? Not anymore. Based on 270 million adult Americans, Mr. Trump’s pledge would cost about US$1.35-trillion and swell the country’s already massive deficit by more than half.

4As government debt surges around the world, most governments are having to pay more to borrow for the long term. Which country now has to pay higher yields to lure bond investors – the U.S. or Canada?

a. Canada

b. The United States

c. Both pay the same

d. The U.S. doesn’t issue long-term debt

b. For decades the United States was able to borrow money more cheaply than Canada was. But that has now shifted, rather decisively, as the rapidly worsening fiscal situation in Washington creates concerns about the country’s long-term outlook. The U.S. is now paying around 4.9 per cent on its 10-year bonds, a full percentage point more than Canada. Despite the trade war and budget pressures, international investors still see a lot to like in Canada.

5While Mr. Trump is promising free money to his voters, Prime Minister Mark Carney is attempting to position Canada as the sane, sensible alternative for foreign investors. A booklet being given to attendees at this week’s Canada Investment Summit highlights how many investable projects in various stages of development?

a. About 25

b. About 75

c. About 100

d. About 150

d. Officials organizing the Canada Investment Summit have circulated a “prospectus” booklet to attendees outlining more than 160 projects that are open for investment, including a proposed $10.9-billion high-speed rail link between Edmonton and Calgary and a planned $57-billion Port of Churchill expansion project.

6Royal Bank of Canada announced this week it will launch a $1.4-billion fund to do what?

a. Invest in tech companies

b. Invest in defence companies

c. Buy up distressed office properties

d. Build data centres

a. RBC will invest in Canadian technology companies that the lender believes could grow into “global powerhouses.”

7John Ternus has a nifty new job. He is now the chief executive of:

a. Enbridge

b. Apple

c. Investment Canada

d. Open AI

b. Mr. Ternus made his public debut this week when he introduced Apple’s new product line-up. The long-time Apple executive took over the top job earlier this month. He is only the third person to hold the CEO post since 1997, when Steve Jobs returned.

8Michele Harradence also has a nifty new job. She was named this week as the new chief executive of:

a. Enbridge

b. Apple

c. Investment Canada

d. Open AI

a. Ms. Harradence, Enbridge’s executive vice-president and president of gas distribution and storage, will take over the top job when Greg Ebel steps down as chief of the Calgary-based energy transporter at the end of this year.

9Bank of Montreal became the first Big Five bank to do what this week?

a. Reduce mortgage rates

b. Offer an AI-powered investment adviser

c. Eliminate most online trading commissions

d. Provide free bank accounts to anyone under 25

c. Bank of Montreal is eliminating commission fees on stocks, exchange-traded funds and options on its direct investing platform. It is hoping the fee cuts will attract younger customers as competition mounts in online trading.

10Apple introduced a major new product this week. What is it?

a. A foldable iPhone

b. Eyeglasses with a built-in camera and AI assistant

c. A house-cleaning robot

d. A home-security drone

a. Apple Iaunched the Duo, a folding iPhone that it hopes will shake up a category long dominated by Samsung and Chinese companies such as Huawei. Maybe so, but the price for the new iPhone is staggering – $2,999 in Canada. Ouch.

11Why did a researcher at AI-pioneer Anthropic resign this week?

a. He is concerned about the company’s lack of data privacy

b. He is concerned AI will kill us all

c. He is concerned the company’s products are being used to monitor ordinary citizens

d. He is concerned about how the Pentagon is using the company’s products

b. Jacob Coxon, who said he spent three years doing research at both Anthropic and OpenAI, says the two AI companies are more focused on beating each other than they are on safety. He warned that some working on AI development believe it could threaten human life by the end of the decade.

12The world’s best paid government leader got a hefty pay raise this week. The lucky politician is:

a. U.S. President Donald Trump

b. European Union Commission President Ursula von der Leyen

c. Swiss President Guy Parmelin

d. Singapore Prime Minister Lawrence Wong

d. Mr. Wong will see an increase of 1.4 million Singapore dollars (about $1.5-million Canadian) in his annual pay package as the result of a decision by the Singaporean government to raise the salaries of senior government ministers so that the public sector can better compete for talent with private industry. Mr. Wong already earns 2.2 million Singapore dollars a year ($2.4-million Canadian), a level of official compensation well above that of other global leaders. Canadian Prime Minister Mark Carney, for instance, earns a mere $435,400 Canadian.

How well did you do?

Answer all of the questions to see your result

This wasn’t your week, but that’s okay! We’ll be back next Friday with another business and investing quiz, subscribe to our weekday Business Brief newsletter to prepare.