1The saddest moment this week came in Manhattan, when Brian Thompson, chief executive of UnitedHealth’s insurance unit, was shot and killed. Mr. Thompson was in the city:
a. On vacation
b. To meet with dissatisfied customers
c. To prepare for the company’s annual investor conference
d. To talk with debt-rating agencies
c. To prepare for the company’s annual investor conference. Police say Mr. Thompson was killed by a gunman lying in wait for him. The attack took place just before the company’s annual investor conference.
2It was a wild week in South Korea, where financial markets shuddered after the country’s president briefly imposed martial law. What is the president’s name?
a. Yoon Suk Yeol
b. Park Chung-Hee
c. Chun Doo-hwan
d. Park Geun-hye
a. Yoon Suk Yeol. Mr. Yoon, who was deeply unpopular and facing treason allegations imposed martial law for six hours before legislators overturned his decision. He then rescinded his order.
3Things are getting wild in Europe, too. Which country’s government fell this week after it failed to win support for measures to address the nation’s gaping budget deficit?
a. Germany
b. Britain
c. Italy
d. France
d. France. Prime Minister Michel Barnier resigned after opposition lawmakers voted to topple his government. This is the first time a French government has been defeated by a censure motion since 1962 and reflects the deep disagreement in the country over how France should address its budget shortfall.
4To be sure, no wild week is complete without more rants from Donald Trump. Who did the U.S. president-elect just threaten with 100 per cent tariffs?
a. Countries that refuse to buy U.S. oil
b. Countries that try to undermine the U.S. dollar
c. Countries with big trade surpluses with the U.S.
d. Countries that send unwanted migrants to the U.S.
b. Countries that try to undermine the U.S. dollar. Mr. Trump said he would levy the 100 per cent tariffs against the nine countries in the BRIC alliance – Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Iran and the United Arab Emirates – if they tried to introduce a BRIC currency that would allow them to avoid using the U.S. dollar for international transactions.
5Closer to home, Ontario’s auditor-general issued a devastating report this week on Premier Doug Ford’s plan to redevelop the Ontario Place site on Toronto’s waterfront. What does the report say?
a. The process used to select the winning bidders was unfair
b. The project will cost $1.8-billion more than original estimates
c. The irregular bidding process broke the province’s own rules
d. All of the above
d. All of the above. The report from Auditor-General Shelley Spence says the process used to award a 95-year lease to an Austrian company was not “fair, transparent or accountable to all participants” and broke the province’s own rules. The project is now set to cost taxpayers $2.24-billion, about $1.8-billion more than the province’s original internal estimates.
6The gig economy may not be quite the gold mine it was once cracked up to be. How much do Uber and Lyft drivers in Toronto earn on average, according to a report this week?
a. About $6 an hour
b. About $10 an hour
c. Minimum wage (which is $17.20 an hour in Ontario)
d. About $20 an hour
a. About $6 an hour. Drivers on ride-hailing apps in Toronto earned an average of $5.97 an hour after accounting for their vehicle costs and their time spent waiting for passengers, according to a City of Toronto report.
7What will Air Canada start charging its lowest fare customers extra for next year?
a. Carry-on bags and strollers
b. Carry-on bags and seat selection
c. Countries that refuse to buy U.S. oil
d. Seat selection and laptop bags
b. Carry-on bags and seat selection. Starting Jan. 3, Air Canada will bar carry-on bags for basic fare passengers within North America and to sun destinations. They will have to check duffel bags, rolling suitcases and large backpacks and pay a fee. However, a small personal item, such as a purse or laptop bag will still be allowed on board for free, as will strollers, mobility aids and medical devices. Starting Jan. 21, lower-tier customers will also have to pay if they want to change the seat assigned to them at check-in.
8Financial markets are on a wild ride. Which of the following has hit record highs in recent days?
a. The S&P 500 index
b. The Nasdaq index
c. Canada’s S&P/TSX Composite index
d. All of the above
d. All of the above. Yep, it’s the everything boom. Most major U.S. and Canadian stock indexes have hit record highs recently.
9Crypto is on a run, too. This week, for the first time, bitcoin surpassed:
a. US$50,000
b. US$75,000
c. US$100,000
d. US$125,000
c. US$100,000. Bitcoin has been on fire since the U.S. election as investors bet that a Trump administration will embrace crypto. The latest surge came after Mr. Trump nominated pro-crypto Paul Atkins to run the Securities and Exchange Commission.
10Oddly, though, booming markets have not necessarily been good news for top executives. Which big automaker parted ways with its chief executive this week?
a. Stellantis
b. Ford
c. Hyundai
d. Renault
a. Stellantis chief executive Carlos Tavares resigned abruptly on Sunday, two months after the company issued a profit warning. The maker of Jeep, Fiat and Peugeot cars has lost around 40 per cent of its value this year.
11Let’s stay on that theme: Which iconic tech company parted ways with its CEO this week?
a. OpenAI
b. Oracle
c. ASML
d. Intel
d. Intel chief executive Pat Gelsinger was forced out less than four years after taking the helm of the computer-chip maker. He resigned after a board meeting during which directors signalled they no longer felt confidence in his costly plan to restore Intel’s technological lead in making fast, small chips.
12Which book has enjoyed a 22-per-cent jump in sales in the United States this year?
a. J.D. Vance’s Hillbilly Elegy
b. The Bible
c. Donald Trump’s The Art of the Deal
d. Walter Isaacson’s Elon Musk
b. The Bible. The good book has enjoyed a surprising burst of sales this year. Why? No one is quite sure. Perhaps it’s a search for reassurance in an age of anxiety. Or perhaps it’s improved marketing. Publishers are offering a dizzying array of Bibles, including graphic-novel versions and editions aimed specifically at men or young readers.
How well did you do?
Answer all of the questions to see your result