Welcome to The Globe and Mail’s business and investing news quiz. Join us each 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: MTY Food Group reported its second-quarter profit fell 10 per cent compared with 2023 as its sales slowed. The restaurant franchisor and operator reported $27.3-million in net income attributable to owners, compared with a profit of $30.4-million at the same point last year. The Montreal-based company operates more than 90 brands, including Country Style, Cultures, Baton Rouge and Wetzel’s Pretzels.
And speaking of twists, Royal Bank of Canada announced on Thursday that it was splitting up its largest revenue-generating engine by turning the personal and commercial divisions into standalone teams. The changes suggested that the bank is looking to test various members of its executive team as replacements for CEO Dave McKay, who has been in charge for a decade.
d. Seven years. Costco last raised membership fees in June, 2017.
a. Poor attendance. Mr. Black was one of six members removed from the upper house of Britain's legislature this week for non-attendance.
c. It makes landing gear. Héroux-Devtek makes landing gear for Boeing airliners and U.S. Navy fighter jets. It built the landing gear for the lunar module that Neil Armstrong landed on the moon in 1969.
a. A Spanish drug maker. Brookfield is teaming up with the family behind drug maker Grifols SA to explore a possible bid for the Spanish company.
c. Twitter. The case is one of many alleging Mr. Musk reneged on promises to former Twitter workers.
b. It agreed to plead guilty to a charge of conspiring to defraud the U.S. government. The airplane maker has been reeling from one disaster to another, including the fatal crashes of two planes and an accident in which a door plug blew out of another plane shortly after takeoff, leaving a gaping hole in the fuselage.
b. Fertilizer giant Nutrien. Ms. Laing worked for a decade at Nutrien as chief human resources officer and vice-president of sustainability and stakeholder relations.
d. Former Bank of Canada governor Mark Carney. There are no indications a shuffle is imminent, but sources say some senior officials within the Prime Minister’s Office are growing concerned that Ms. Freeland has not been able to effectively sell the government’s economic policies to an increasingly disenchanted public.
a. 2027. Quebec’s power surplus could vanish within three years, according to recent projections.
d. Develop carbon capture facilities. The carbon capture infrastructure will be built at oil sands operations belonging to Strathcona in northern Alberta and Saskatchewan.
c. It won bankruptcy protection. The company had paused production in April and is now seeking new investors.
b. 3 per cent It was the third month in a row that U.S. inflation receded. The steady decline raises hopes that inflation is fading back to the Federal Reserve’s 2 per cent target and increases the probability that the world’s most powerful central bank will soon start cutting interest rates.