Canada Stocks Fall as Energy Producers Lead Losses

The transcript discusses Scotiabank's $275 million restructuring charge, including job cuts and productivity enhancements, marking its second major restructuring under CEO Brian Porter. It also covers Warren Buffett's criticism of Valeant's business model, calling it 'enormously flawed,' and Lightstream Resources' financial challenges, with lenders halving its borrowing base, leading to a $121 million shortfall.

What was the amount of the charge Scotiabank took in its second fiscal quarter?

• $371 million

• $110 million

• $121 million

• $275 million

Who criticized Valeant Pharmaceuticals' business model as 'enormously flawed'?

• Chef Swartz

• Warren Buffett

• Charles Munger

• Brian Porter

What did Charles Munger call Valeant Pharmaceuticals?

• A stable business

• A promising investment

• A successful company

• A sewer

How much was Lightstream Resources' borrowing base reduced by?

• By a quarter

• By a third

• By half

• By two-thirds

What is one of the strategies Lightstream Resources plans to use to address its financial shortfall?

• Hiring more staff

• Asset sales

• Expanding operations

• Increase borrowing