What the business news about this week

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What the business news about this week

To get a taste of the stories that are making the headlines, join us every week. Our business reporters come up with the questions, and you can show us what you know.

This week in business and investing, the six biggest banks in Canada released their third-quarter financial results, with many falling short of analyst predictions. Although many analysts have lowered their expectations, it's a clear sign that inflation and higher interest rates are causing the market to be more cautious. Most analysts expected earnings to drop between 4 per cent and 7 per cent year-on-year.

But the Toronto International Film Festival has announced it is parting ways with a major sponsor before screenings begin.

Canada's biggest six banks were reporting earnings for the third quarter of last year. Which bank has outperformed analyst expectations? RBC posted a net profit of $3.9bn, or $2.73 per share, against analysts' predictions of $2.70 per share. How do big six banks perform? Which supermarket chain has reached a deal with its workers' unions following a month of strikes in the GTA? A tentative deal has been reached with the union representing about 3700 of its grocery workers in Ontario. The workers were on strike for a month, shuttering 27 Metro stores in and around the Greater Toronto area. The new CEO of Scotiabank launched a significant management shakeup this week, poaching a new senior executive from a rival bank. From which bank did it poach the new HR officer? b. RBC. Jenny Poulos, formerly an executive at RBC, is to join Scotiabank as deputy chief human resources officer. What are cybercriminals from two countries posing a threat to Canada's economic prosperity? Federal authorities warned last week that hackers from Russia and Iran are increasingly attacking Canada's high-value businesses and critical infrastructure. What major sponsors recently ended a decades-long partnership with the Toronto International Film Festival? d. bell. The TIFF Bell Lightbox and the film festival ended their 28-year-long relationship late last week. Bell raised concerns about the economic viability of its media division and cut 1,300 jobs in June. What group contributed more to TFSA contributions in 2020? Women contribute $1-billion more to their TFSAs than men b. Women contributed $2-billion more to their TFSAs than men c. Men contributed $1-billion more to their TFSAs than women d. trick question. In 2020, Canada women contributed $43.3 billion to their TFSAs - $1 billion more than men, who contributed $42.3 billion.

The Pender Island, which includes five bedrooms and six bathrooms, has a square-foot of living space that boasts a total area of 660,000 square feet. With a total area of 104 acres and one kilometer of oceanfront, the property boasts rocky cliffs rising from a tidal beach. In 6603 square feet of living space, the Pender Island boasts five bedrooms and six bathrooms. The property is 104 square acres and has a kilometre of oceanfront, with rocky cliffs rising from a tidal beach. Pender Island sanctuary is currently listed for $19.8 million. What is the lowest available variable mortgage rate in this week? The lowest national available variable-rate mortgage is $5.95 per cent, according to columnist Robert McLister. HSBC also offered six percent for uninsured variable-rate mortgages. Answer all of the questions to see your result! Congratulations, you're an ace. You're no Rob Carrick, but you know a thing or two about business. It wasn't your week, but that's okay!