Canadian Stock Market Movers

Valiants received a notice of default due to delayed quarterly results, triggering a 60-day grace period until July 18th. Despite this, the company plans to file by June 10th, and shareholders remain unconcerned as shares rose slightly. However, the stock is still down 90% from its August peak. Gold stocks fell due to a stronger US dollar and speculation of a Federal Reserve interest rate hike. Meanwhile, Canadian bank stocks showed strength ahead of their second-quarter earnings reports, with the Bank of Montreal leading the announcements.

What event triggered a 60-day grace period for Valiants?

• A new product launch

• A delay in filing its first-quarter results

• A sudden drop in stock prices

• A change in management

Why did gold stocks on the TSX experience a decline?

• Speculation of a US Federal Reserve interest rate hike

• New gold mining regulations

• Increased gold production

• A decrease in global demand for gold

What effect did the speculation about the US Federal Reserve have on the US dollar?

• It caused the dollar to fluctuate

• It strengthened the dollar

• It weakened the dollar

• It had no effect

Which bank is scheduled to report its second-quarter earnings first?

• Royal Bank

• Toronto Dominion

• CIBC

• Bank of Montreal

What was the general trend for Canadian bank stocks ahead of their earnings reports?

• They showed weakness

• They remained stable

• They showed strength

• They were highly volatile