TSX Movers: Intact Financial, Laurentian Bank, Gold

The video discusses a $170 million pretax loss reported by a Toronto-based insurer due to severe weather conditions. It also covers Laurentian Bank's rating upgrade by TD Securities and its acquisition of CIT Group's Canadian financing activities. Lastly, it highlights the decline in gold prices as traders anticipate a Federal Reserve interest rate hike.

What was the reported pretax catastrophe loss for the Toronto-based insurer?

• $250 million

• $150 million

• $200 million

• $170 million

Which bank's shares reached their highest level since June after a rating upgrade?

• Laurentian Bank

• Bank of Montreal

• Scotiabank

• Royal Bank of Canada

What was the target price set by TD Securities for Laurentian Bank's shares?

• $56.00

• $54.00

• $52.00

• $50.00

What was the approximate value of the portfolio acquired by Laurentian Bank from CIT Group?

• $1 billion

• $1.5 billion

• $750 million

• $500 million

Why did gold stocks experience a significant decline?

• Introduction of new gold regulations

• Drop in gold prices below $1300 US

• Increase in gold mining costs

• Decrease in global demand for gold