Market
What has been the performance of the Canadian stock market over the past 12 months?
a)Flat
b)Risen 17%
c)Declined 10%
d)Risen 5%
The Canadian market has risen 17% in the past year, showing strong growth despite global uncertainties
What is the current unemployment rate in Canada (as of mid-2025)
The Canadian labour market remains strong, with a low unemployment rate of 4.2%
What is a major challenge facing Canada’s long-term economic growth?
a)High inflation
b)Weak consumer spending
c)Declining productivity and investment
d)Overreliance on tourism
A major challenge facing Canada’s long-term economic growth is declining productivity and weak business investment.
True or False: The Canadian dollar has strengthened against the U.S. dollar in 2025.
False: The Canadian dollar has depreciated slightly, partly due to trade uncertainty and interest rate differentials.
What is the current average U.S. tariff rate in 2025?
5%, 8%, 13%, 20%
13%
How have geopolitical conflicts historically affected market performance?
a)They always cause long-term declines
b)They have limited lasting impact
c)They lead to permanent volatility
d)They result in immediate recovery
While serious in human terms, geopolitical conflicts typically have limited long-term effects on market performance
What is the current inflation rate in Canada (as of mid-2025)?
a)4.5%
b)2.8%
c)1.9%
d)6.2%
1.9%
True or False: Canada’s interest rate is currently at 4.5%.
False: The Bank of Canada has cut rates and is currently holding steady at 2.25% as of mid-2025.
What was the largest contributor to Canada’s GDP growth in Q1 2025?
a)Consumer spending
b)Government investment
c)Residential construction
d)Export Growth
Consumer spending remained resilient and was the biggest driver of GDP growth in early 2025, supported by lower interest rates and steady income gains.
Which country is forecasted to grow by 4.9% in 2025?
China
Which Canadian export category saw a sharp rise in Q2 2025?
a)Motor Vehicles
b)Gold and Pharmaceuticals
c)Agricultural equipment
d)Lumber and Forestry products
Exports surged due to increased demand for gold and pharmaceuticals, helping offset weakness in other sectors.
What is the current GDP growth rate in Canada (as of mid-2025)?
Canada’s economy avoided recession and grew at a modest pace of 1.4% in late 2024, with signs of improvement in early 2025.
True or False: Canada’s residential investment rose by 15% in late 2024.
True: Residential investment jumped by about 15% in Q4 2024, driven by strong home resales and new construction, supported by rate cuts and rising disposable income
Which Canadian sector showed the strongest employment gains from November 2024 to January 2025?
a)Manufacturing
b)Retail
c)Construction
d)Full Time Services
Full-time services
Over two-thirds of the 210,000 new jobs added during that period were in full-time roles, especially in service-related industries.
True or False: Global inflation is expected to rise sharply in the second half of 2025.
False: It is expected to fall overall, though it remains high in the U.S.
Which sector has driven the Canadian stock market’s 17% rise over the past year?
a)Healthcare
b)Energy
c)Financials
d)Technology
The healthcare sector stood out with a 4.2% gain, contributing to the TSX’s strong performance
Canada’s real GDP per capita in early 2025 is higher than its pre-pandemic level. True or False
False: Despite recent growth, Canada’s real GDP per capita remains below its pre-pandemic benchmark due to sluggish productivity and investment levels
Which Canadian province is most exposed to U.S. trade tensions based on export share?
a)Ontario
b)Alberta
c)New Brunswick
d)Quebec
New Brunswick sends 90% of its exports to the U.S., making it highly vulnerable to trade disruptions
What percentage of Canadian household spending depends directly or indirectly on U.S. imports?
About 13% of final household expenditures in Canada rely on U.S. imports, especially in categories like vehicles and electronics.
What is the name of Canada’s strategy for maintaining price stability?
Inflation-Control Strategy
What is the Bank of Canada’s current stance on interest rates?
a)Planning aggressive hikes
b)Holding steady after cuts
c)Considering emergency rate increases
d)Raising rates to combat inflation
After cutting rates by 225 basis points since early 2024, the Bank of Canada is now expected to pause further cuts
True or False: Canada’s exports of motor vehicles increased steadily throughout 2025
True: Export weakness in early 2024 was partly due to short-term shutdowns at Canadian and U.S. motor vehicle facilities, though exports rebounded later
What trend has helped ease affordability pressures for Canadian households in late 2024?
a)Rising Food Prices
b)Lower borrowing costs and steady income growth
c)Increased housing demand
d)Higher credit card interest rates
Lower Borrowing Costs and Steady Income Growth
These factors helped reduce the household debt service ratio to its lowest level in seven quarters
True or False:Canada’s unemployment rate rose in July 2025 due to tariff-related job losses.
True: Canada’s unemployment rate climbed to 6.9% in July 2025, with job losses concentrated in trade-sensitive sectors like manufacturing and transportation. The rise was linked to U.S. tariffs and broader trade uncertainty impacting business investment and hiring decisions
What is the name of Canada’s current economic strategy discussed in July 2025?
A) Canada First Growth Plan
B) Stronger Together Fiscal Strategy
C) Building the Strongest Economy in the G7
D) Resilient Futures Investment Plan
Building the Strongest Economy in the G7
In July 2025, Canada’s Minister of Finance met with top economists to discuss a plan focused on job creation, housing, trade diversification, and attracting private investment. The goal is to make Canada the strongest economy in the G7