Think you know business? Test your knowledge of the year that was in finance, economics and more with this Canadian Press quiz.

1. In its spring budget, the federal government projected a deficit for the 2015-16 fiscal year of $5.4 billion. What did the books show when the dust settled and the final tallies were made?

A) $1 billion surplus
B) $1 billion deficit
C) $2.5 billion deficit
D) $5.4 billion deficit

2. Wildfires in Alberta forced the evacuation of Fort McMurray, destroyed parts of the city and shut down production in the oilsands. The Insurance Bureau of Canada called it the costliest insured natural disaster in Canada. How much did they estimate in insured property damage?

A) $2.35 billion
B) $3.58 billion
C) $4.62 billion
D) $5.21 billion

3. Marijuana stocks have been a big story in 2016. Canadian marijuana company Canopy Growth Corp. scored a big name celebrity partnership. Who was it with?

A) Actor Woody Harrelson
B) Country music singer Willie Nelson
C) Comedian and musician Tommy Chong
D) Rapper Snoop Dogg

4. Bombardier’s CSeries project has missed deadlines and blown past its budget, but the company finally delivered its first such aircraft to a commercial airline this year. Which airline was the first carrier to fly the new plane?

A) China Eastern Airlines
B) Air Canada
C) Swiss International Air Lines
D) Lufthansa

5. All insured mortgages must now undergo stress tests under changes introduced by Ottawa this year. When applying for a mortgage, which interest rate must homebuyers with insured mortgages now qualify for?

A) The prime rate.
B) The posted five-year fixed rate.
C) The rate they will actually pay.
D) The Bank of Canada’s overnight rate target.

6. What was the highest closing price for the Canadian dollar this year?

A) US80.08¢
B) US78.97¢
C) US77.75¢
D) US79.77¢

7. What was the lowest settlement price for a barrel of West Texas Intermediate oil this year?

A) US$28.35
B) US$26.21
C) US$27.02
D) US$25.98

8. Who said this? “I’m not maybe as green as I should be, but I happen to think the climate is changing (and) they’re not going to fool me anymore.”

A) Canadian Pacific Railway CEO Hunter Harrison
B) Celebrity businessman Kevin O’Leary
C) BlackBerry CEO John Chen
D) Kinder Morgan Canada president Ian Anderson

9. Which Canadian company began trading on the Toronto Stock Exchange this year?

A) Hootsuite
B) Aritzia
C) Shopify
D) Hydro One

10. What was the benchmark price for detached homes in Metro Vancouver in July, the last month before the B.C. government implemented a 15% tax on foreign nationals buying property in the region?

A) $1,578,300
B) $1,512,600
C) $930,400
D) $1,248,600

Answers:

1. B – $ 1 billion deficit the 2015-16 fiscal year, during which both the Conservatives and Liberals managed the public books.
2. B – $3.58 billion, nearly twice as much as the January 1998 ice storms that paralyzed eastern Ontario and southern Quebec.
3. D – Snoop Dogg, fo’ shizzle.
4. C – Swiss International Air Lines, which took the first CSeries to the skies on July 15. The maiden flight left Zurich for Paris.
5. B – The posted five-year fixed rate.
6. D – The loonie settled at its highest point on May 3, when it closed at US79.77¢.
7. B – US$26.21 on Feb. 11.
8. A – Canadian Pacific Railway CEO Hunter Harrison, who made the comments before a J.P. Morgan transportation conference in New York on March 9.
9. B – Aritzia, which began trading shares on Oct. 3.
10. A – $1,578,300, which represented a 38% increase from the same month in 2015, according to the Real Estate Board of Greater Vancouver.