Here's your chance to confirm that you've been paying close attention to industry events and Investment Executives's leading coverage this past year.
If you get all 20 questions right, give yourself a pat on the back. If you get fewer than 12 correct, you need to make spending more time reading IE as one of your top resolutions for 2018. If you somehow get fewer than seven, blame it on the endless holiday parties.
The answers are listed on the last slide — and we're confident that you don't want to take a peak beforehand and end up on Santa's naughty list.
IE Yearend Quiz 2017Slideshow
ICOs: part one
Regulators began trying to figure out this past year whether ICOs should count as securities. What does the term “ICO” stand for?
a) Individual crypto organization
b) Irrationally complex opportunity
c) Initial coin offering
d) Imitation Christmas ornament
ICOs: part two
What exactly is an ICO?
a) Your winnings from the arcade. Don’t forget to collect your prize!
b) A capital-raising initiative in which individuals receive a “coin” or “token” rather than equity in a company
c) A new SuperMario Bros. game
How did Canada rank among 22 developed countries in a recent G20 survey on financial literacy?
What three types of tax planning did the Department of Finance Canada target as part of its proposed changes to the taxation of small businesses?
a) Capital gains sprinkling, passive investment income and the conversion of income into capital gains
b) Income sprinkling, the reasonableness test and the conversion of capital gains into dividend income
c) Income sprinkling, passive investment income and the conversion of income to capital gains
d) Donut sprinkles, passive-aggressive investing and two-point conversions
A new digital assistant
What’s the name of Sun Life’s new digital assistant?
What is the name of the Ontario Securities Commission’s new office that helps fintech companies navigate the province’s regulatory regime?
a) OSC LaunchPad
b) OSC Sandbox
c) OSC Lunch Box
d) OSC Innovation Hub
How many adult Canadians do not have a will?
b) 1.2 million
c) 12.5 million
Which ETF had the biggest inflows for the year to date as of Nov. 30?
a) RBC U.S. Equity Index ETF
b) BMO High Yield U.S. Corporate Bond Index ETF
d) iShares Core S&P/TSX Capped Composite Index ETF
d) Horizons S&P/TSX 60 Index ETF
The federal government found itself beating a hasty retreat after it was learned that the CRA might begin to tax these:
a) Lottery winnings
b) Retailers’ reward points
c) Loose change found in clothes
d) Employee discounts
Which Canadian financial services firm announced plans to launch a robo-advisor in late 2017?
a) Royal Bank of Canada
b) President’s Choice Financial
c) Money Mart
d) Investors Group
Many financial institutions have set up new workspaces in an effort to keep pace with technology. What are these spaces often called?
a) Data Dungeons
b) Coding Capitals
c) Innovation Hubs
d) Food Courts
What does “insurtech” refer to?
a) An insurance policy that protects a policyholder’s computer, smartphone, and other technological belongings
b) Technical insurance
c) A robot that sells life insurance
d) Insurance technology
How much money are Canadian baby boomers expected to inherit over the coming decade?
a) $750 million
b) $750 billion
c) $500 million
d) $1.2 trillion
The federal budget
In the 2017 federal budget, the government announced that it would be phasing out:
a) Commemorative silver coins
b) Canada Savings Bonds
c) The nickel
d) Treasury bills
What commodity has fallen the most in the year ended Nov. 30?
c) Natural gas
Embedded commissions continue to flummox regulators, why is that?
a) Doing nothing is always the easier option
b) The regulators remain “in bed” with the industry
c) Uh, it’s complicated
d) All of the above
Which province introduced a sales tax on insurance premiums in 2017?
What was the best-performing stock market index in the world for the 12 months ended Nov. 30?
a) MSCI world index
b) MSCI emerging markets index
c) MSCI Europe index
d) MSCI EAFE index
Which one of the following was NOT an issue for securities regulators this past year?
a) Clearing marijuana stocks
b) Trading in cryptocurrencies
c) Hackers and insider trading
d) A shortage of work
Mutual Fund Manager of the Year
Which fund manager was named as IE’s 2017 Mutual Fund Manager of the Year?
a) Kim Shannon
b) Aubrey Hearn
c) Mark Schmehl
d) Marc Lecavalier
(1c) Initial coin offering
(2b) A capital-raising initiative in which individuals receive a “coin” or “token” rather than equity in a company
(3b) Canada tied with Norway for second place, behind France. But we scored a failing grade of 14.9 out of 21
(4c) Income sprinkling, passive investment income and the conversion of income to capital gains
(6a) OSC LaunchPad
(7c) 12.5 million
(8b) BMO High Yield U.S. Corporate Bond Index
(9d) Employee discounts
(10a) Royal Bank of Canada
(11c) Innovation Hubs
(12d) Insurance technology
(13b) $750 billion
(14b) Canada Savings Bonds
(16c) Uh, it’s complicated
(18b) MSCI emerging markets index
(19d) A shortage of work
(20c) Mark Schmehl
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