From labor strikes to bankruptcies and tariffs, it's been another eventful year for Canadian business.
The TSX soared to new heights as deals were made and lost.
How well do you remember 2025? Take this business quiz to see how up to date you are on the biggest headlines of the year.
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1. Which defunct retailer said it plans to relaunch stores in Canada next year?
A) Store of the future
B) Home outfitters
C) Bed, bath and beyond Canada
D) J. Crew
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2. Which fintech company received a banking license this year?
A) choose
B) Wealth is simple
B) Shopify
D) Course
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3. Which brand experienced a cyber breach this year?
A) Canadian tire
B) Toys “R” Us
B) Nova Scotia Power
D) all of the above
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4. What did the CRTC rule in the controversial Wholesale Internet decision in June?
A) Only small independent providers can access fiber networks owned by larger companies to resell Internet services to their customers.
B) Canada's largest telecommunications companies (Bell, Telus and Rogers) can provide Internet services to customers using fiber optic networks built by their competitors, provided they do so outside their core regions.
C) Owners of Canada's fiber internet networks should not allow any companies to resell services that use their infrastructure, given how expensive these networks are to build and maintain.
D) All companies can resell fiber optic Internet in each other's networks in all regions of the country to increase competition in the telecommunications sector.
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5. Who has Prime Minister Mark Carney named as his new AI minister this year?
A) Evan Solomon
B) Aidan Gomez
B) Francois-Philippe Champagne
D) Geoffrey Hinton
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6. How many times has the federal government tried to order workers to return to work through a ministerial directive during a strike or lockout in the last year and a half?
A) Five
B) Two
B) 10
D) Eight
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7. How old was Hudson Bay when it collapsed under the weight of debt?
A) 150
B) 300
B) 355
D) 275
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8. Which sector has performed best on the TSX this year?
A) Basic materials
B) Real estate
B) Energy
D) Technology
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9. What didn't happen to Lululemon this year?
A) Made peace with founder Chip Wilson
B) The resignation of CEO Calvin McDonald is announced.
C) Trademarked the name “Lululemon dupes” and sued Costco for selling copycats.
D) Collaborated with the NFL to create a new clothing collection.
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10. How many times will the Bank of Canada cut its benchmark interest rate in 2025?
A) 1
B) 2
B) 3
D) 4
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11. Which small lender was NOT sold to another buyer in 2025?
A) Laurentian Bank
B) Equalizer Bank
B) Canadian Western Bank
D) PC Financial
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12. According to Statistics Canada's latest inflation data for November, which food item recorded higher price increases compared to last year?
A) Coffee
B) Beef
B) Sugar
D) Eggs
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13. Which telecommunications company in Canada launched the country's first satellite communications service to consumers, offering text messaging and later expanding it to some app-based voice calling?
A) Telus
B) Bell Canada
B) Rogers Communications
D) Freedom Mobile
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14. In September, the federal government announced sweeping changes to Canada Post's mandate to help the postal service restructure its struggling business. Which of the following is not one of the changes Ottawa allows the Post Office to make?
A) Expanding public mailboxes to more households
B) Prohibition of delivery of unaddressed mail
C) Lifting the moratorium on the closure of rural post offices
D) Changing mail delivery speed standards.
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15. In what month did the TSX close above 30,000 for the first time?
A) April
B) September
B) November
D) June
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16. Among several mergers and acquisitions battles this year, there was a protracted battle between MEG Energy Corp. and two competing candidates. Cenovus Energy Inc. came out the winner, but who had a competing proposal?
A) Elliott Investment Management
B) Strathcona Resources Ltd.
B) Simpson Oil Ltd.
D) Kimmeridge Energy Management
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17. According to the Canadian Real Estate Association, which of these regions has recorded more year-to-date residential home sales as of November compared to 2024?
A) Montreal
B) Toronto
B) Calgary
D) Vancouver
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18. What was the name of the tanker carrying the first cargo of liquefied natural gas from the new LNG Canada terminal in Kitimat, British Columbia?
A) Harmony LNG
B) Tanker McTankerface
D) Glasgow habit
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19. Which of these items was NOT included in the memorandum of understanding signed by Alberta and Ottawa in November?
A) Federal investment tax credits for carbon capture and sequestration projects.
B) Suspension of clean electricity rules in Alberta
C) Feasibility Study of a Pipeline Connecting the Alberta Oil Sands to the Port of Churchill, Maine.
D) Joint work on nuclear technology support policies.
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20. Which of these CEOs did not resign/announce their retirement this year?
A) Victor Dodig from CIBC
B) Tobias Lütke from Shopify
B) Ellis Jacob from Cineplex
D) Michael Medline of Empire Co.
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21. What's closest to the highest West Texas Intermediate crude oil price in 2025?
A) 70 US dollars per barrel
B) $80 per barrel.
B) $105 per barrel.
D) $63 per barrel.
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ANSWER KEY:
1C, 2G, 3D, 4B, 5A, 6D, 7C, 8A, 9A, 10G, 11B, 12A, 13C, 14B, 15B, 16B, 17A, 18G, 19C, 20B, 21B
This report by The Canadian Press was first published Dec. 26, 2025.
