What the week is making the news

137
4
What the week is making the news

Join us every week to test your knowledge of the stories making the headlines. Our business reporters come up with the questions, and you can show us what you know.

This week, the Bank of Canada announced it was holding its policy interest rate steady at 5 percent, in response to growing signs the Canadian economy has been slowing, but left the door open to more hikes in the future.

In a statement, Air Canada issued an apology to two passengers after booting them off their flight for complaining about some less-than-ideal conditions.

On Wednesday, the Bank of Canada left its benchmark interest rate unchanged at 5 per cent, signalling a pause in rate increases. In January, the bank instituted a 'conditional pause'. c. until June. The bank kept rates at 4.5 percent until June before raising them again in July for a second consecutive time, demonstrating the remarkable resilience of consumers. This week, Enbridge announced a $4-billion equity offering as part of its deal to buy three U.S. utilities for US$9.4-billion and another US$4.6-billion of assumed debt. Three other Canadian companies followed suit with stock sales of their own. What were the three companies? What were their names? c. Intact Financial Corp., Peyto Exploration & Development Corp. and Teck Resources Ltd. d. Peyto Exploration & Development Corp., Teck Resources Ltd. and Royal Bank of Canada a. Initact and Peyto sold shares to fund acquisitions, and Savaria sold shares to pay down debt. This opinion piece headline comes from a column published this week in The Globe and Mail. In favor of a leasing model for electric vehicle batteries, Catherine Beaudry, a professor at polytechnique Montréal,argues that 'what Switzerland is to watches, Canada can be to EV batteries'. Air Canada has apologised to two passengers who were booted off a flight from Las Vegas to Montreal last month. What was the worst thing the passengers had to complain about? The flight was being delayed on the tarmac for more than three hours d. being forced to sit in an area soaked with blood c. Vomit-smeared seats. The airline said passengers did not receive the standard of care they were entitled to after being escorted from the flight for complaining about vomit on their seats. In 2013 a survey of post-secondary students aged 18 to 29 said 36 percent planned to live with their parents during the school year. What percentage of students plans to bunk with their parents in this year's survey? c. 47% The Ipsos survey also found that 43 per cent of students anticipated their parents would take care of their financial needs, compared to 29 per cent in 2019. How did Alimentation Couche-Tard Inc. CEO describe Canada during an earnings call? A bright spot. While the Canadian market was going strong, Hannasch said U.S. consumers appeared to be feeling a financial pinch.

The home on Vanstone Crescent, located in Calgary's Vanstone Crescent, is a celebration of all things wood, with wood floors and unique rattan mesh panelling separating some rooms. It has three bedrooms and two bathrooms on a 613-square-metre lot. In Calgary's Vanstone Crescent, this split-level home is a celebration of all things wood, with wood floors and unique rattan mesh panelling separating some rooms. The home has three bedrooms and two bathrooms on a 613-square-metre lot. s so many ways you can use it, said architect Mark Erickson. It's very warm, very Canadian... it's widely available and it gives us a lot of room to play and be experimental. What is the lowest available variable mortgage rate for a week? The lowest nationally available variable-rate mortgage, according to columnist Robert McLister, is 5.95 per cent, remaining unchanged from last week. HSBC also offered 6.40 per cent for uninsured variable-rate mortgages. Answer all the questions to see your result. Congratulations, you're an ace. You're not Rob Carrick, but you know a thing or two about business. This wasn't your week, but that's okay!