Key Takeaways
- Canada’s population has declined by roughly 76,000 over the third quarter, the largest decline in records dating to the 1940s.
- The public sector has accounted for 33.4% of all new employment in Canada over the past decade.
- Cryptocurrency company Tether made a US$1.2-billion bid for the Juventus soccer club, but was rejected.
- iRobot, the U.S.-based maker of the Roomba smart vacuum cleaner, has declared bankruptcy.
- The federal government approved the takeover of Vancouver-based Teck Resources by London-based Anglo American, with conditions including moving its global headquarters to Vancouver and investing $4.5-billion in Canadian projects.
Introduction to the Quiz
The Globe and Mail’s business and investing news quiz is a weekly feature that tests readers’ knowledge of current events and business news. This week’s quiz covers a range of topics, including Canada’s population decline, the public sector’s role in job creation, and major business deals. The quiz also touches on international news, such as the recent presidential election in Chile and the growing interest in European soccer among big investment firms.
Canada’s Population Decline
Canada’s population has declined by roughly 76,000 over the third quarter, the largest decline in records dating to the 1940s. This decline is a sign that Ottawa’s moves to control immigration, after years of massive growth, have begun to work. The 0.2-per-cent decline in population is a significant development, and it will be interesting to see how this trend continues in the future. The decline in population is likely to have significant implications for Canada’s economy and society, and it will be important to monitor this trend closely.
Public Sector Job Creation
The public sector has accounted for 33.4% of all new employment in Canada over the past decade. This is a significant proportion, and it highlights the important role that the public sector plays in the Canadian economy. The lure of a steady government paycheque has rarely been higher, and it is likely that this trend will continue in the future. The public sector’s role in job creation is an important issue, and it will be interesting to see how this trend develops in the coming years.
Business Deals
This week saw several major business deals, including the rejection of Tether’s US$1.2-billion bid for the Juventus soccer club. iRobot, the U.S.-based maker of the Roomba smart vacuum cleaner, has declared bankruptcy, but its main manufacturer, China-based Picea Robotics, will take ownership of the firm and look to develop new products. The federal government approved the takeover of Vancouver-based Teck Resources by London-based Anglo American, with conditions including moving its global headquarters to Vancouver and investing $4.5-billion in Canadian projects.
International News
The recent presidential election in Chile saw the victory of Jose Antonio Kast, a right-wing candidate who has proposed building border walls and deploying the military to high-crime areas. This marks the latest win for the resurgent right in Latin America, and it will be interesting to see how this trend develops in the coming years. The growing interest in European soccer among big investment firms is also a significant development, and it will be interesting to see how this trend continues in the future.
Business News
Ford has announced that it will take a US$19.5-billion hit in the fourth quarter due to its electric vehicle (EV) business. The company intends to invest in more efficient gasoline engines and hybrid EVs, rather than pursuing its once-ambitious electric vehicle plans. Medline, a U.S. medical supplies giant, raised US$6.3-billion in the world’s biggest initial public offering (IPO) of 2025. The stock then jumped 41 per cent in its first day of trading, highlighting the strong demand for medical supplies.
Canadian News
A new Statistics Canada report shows a surprising amount of poverty among Canadians aged 55 to 64. This age group is overrepresented among low-income Canadians, and it highlights the need for policies to support this demographic. The report found that many Canadians fall into poverty just before retirement, when they are forced out of the workforce due to health issues or disability. The federal government has approved the takeover of Vancouver-based Teck Resources by London-based Anglo American, with conditions including moving its global headquarters to Vancouver and investing $4.5-billion in Canadian projects.
Conclusion
This week’s quiz has covered a range of topics, from Canada’s population decline to major business deals and international news. The key takeaways from this week’s quiz highlight the significant developments in the Canadian economy and society, as well as the growing interest in European soccer among big investment firms. The quiz has also touched on the importance of the public sector in job creation and the need for policies to support low-income Canadians. Overall, this week’s quiz has provided a comprehensive overview of the major business and investing news stories of the week.
