What retail chain did the Weston family just buy? Take our business and investing news quiz for the week ending Oct. 9

Invite to The Globe and Mail’s organization and investing news test. Join us every week to check your understanding of the stories making headings. Our service press reporters develop the concerns, and you can reveal us what you understand.

Today: The billionaire Weston household revealed a significant acquisition. There’s a shakeup in Canadian energies. And Starbucks might take control of another fast-food chain. Take our test and learn what took place in company.

2Canada’s Weston household, which manages Loblaw and Shoppers Drug Mart, is obtaining Boots, a renowned British retail chain, for US$ 8.9-billion. What does Boots mainly offer?

d. Boots controls the marketplace for drug stores in the United Kingdom, with 51,000 staff members, a strong brand name and shops situated near 80 percent of the population.

3Emera has actually revealed a strong strategy to develop a nationwide champ in the energy sector by combining with Calgary-based Canadian Utilities and its moms and dad ATCO. Where is Emera based?

a. Emera, previously a Nova Scotia Crown corporation, is based in Halifax. The friendly merger offer revealed today intends to unify Emera’s gas and electrical networks in Nova Scotia, Florida and the Caribbean with Canadian Utilities’ operations in Alberta and Australia.

4What did the chairman of U.S. steelmaker Cleveland-Cliffs call a Canadian consumer today?

d. Cleveland-Cliffs president Lourenco Goncalves is currently under fire for laying off as lots of as 500 steel employees at Stelco in Hamilton and Nanticoke, Ont., regardless of a contract with the federal government that disallows such actions. Now he is battling with Jim Ritchie, the owner of British Columbia-based steel circulation business Cascadia Metals Ltd., who states he is a huge purchaser of galvanized steel from Stelco. Mr. Ritchie states Stelco’s choice to stop producing the item has actually left Cascadia in a jam and required it to import from abroad markets to fill deep space. In reaction, Mr. Goncalves called Mr. Ritchie a “strolling eagle,” indicating a bird that can’t fly since it has lots of excrement. Fully grown, that.

5What did Suncor Energy reveal today?

a. Suncor stated it is offering its interests in 3 oil fields off Newfoundland to London-based Ithaca Energy. The offer, worth approximately $1.55-billion, marks a significant decrease in the Calgary-based business’s existence in the Atlantic area, where it has actually been active for years. Suncor wishes to concentrate on its oil sands properties in northern Alberta.

6What did Calgary-based Cenovus Energy reveal today?

b. Cenovus Energy revealed strategies to purchase competing oil-sands manufacturer Athabasca Oil Corp. for approximately $5.7-billion in money and stock. The offer marks another action in the march towards debt consolidation of Alberta’s oil sands. Cenovus made its Athabasca statement approximately 12 hours after Suncor Energy stated it would offer a few of its properties off the coast of Newfoundland to concentrate on the oil sands.

7Which Canadian airport appears most likely to be the very first prospect for personal financial investment?

d. Vancouver International Airport is poised to end up being the very first of the nation’s big airports to be privatized by the federal government, sources state. Prime Minister Mark Carney revealed strategies 3 weeks ago to open 4 of the nation’s most significant airports to personal financial investment.

8The U.S. Supreme Court heard arguments today on a case that might show important to a significant market. The case will figure out whether it is possible for Americans to:

c. The Supreme Court justices are battling with a quote by oil business ExxonMobil and Suncor Energy to ward off a suit by authorities in Boulder, Colo., that looks for financial damages for damages triggered by environment modification. U.S.-based Exxon and Canada-based Suncor appealed after the Colorado Supreme Court enabled Boulder’s suit to continue. Legal representatives for the oil business argue that the case is based upon state law, however that jurisdiction over interstate contamination is a federal matter.

9Which renowned Canadian business is Heidi O’Neil looking for to upgrade?

c. Ms. O’Neill signed up with Lululemon a month earlier and has actually currently started an overhaul of its management ranks. The business’s investors hope she can renew a brand name that originated high-end exercise equipment, and now deals with stiff competitors from more recent, hotter athleisure brand names, in addition to more affordable options.

10What is heiress Eleanor McCain, scion of McCain Foods dynasty, pressing the household to do?

b. Ms. McCain is increase her project for a financially rewarding exit from independently owned McCain Foods by calling a household conference to go over a going public from the world’s biggest frozen French fry maker. Today she e-mailed a letter to roughly 55 second-, 3rd- and fourth-generation descendants of McCain Foods’ creators, welcoming them to participate in a virtual conference to evaluate alternatives for future ownership of an international business worth more than $20-billion.

11How has the typical asking rate for a rental in Canada altered over the previous year?

c. The typical asking rate for a rental in September was $2,034, down 4.2 percent compared to a year back. A regular monthly report from Rentals.ca and Urbanation stated the figures mark 2 complete years of yearly decreases, the longest recession the Canadian rental market has actually experienced in current history. Possibly it’s time to begin pitying property managers.

12Speak about a full-meal offer: Starbucks is stated to be checking out a merger with which other fast-food giant?

a. Starbucks is checking out a takeover of Chipotle Mexican Grill, according to the Financial Times. The relocation, if it does take place, would reunite Starbucks president Brian Niccol with the burrito chain he led before signing up with the coffee huge 2 years earlier. It would likewise be the most significant dining establishment merger in history. Do not count on getting a latte with your chicken burrito simply yet: Talks are still in an extremely early phase.

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