David Baskin

@msiddiquee Your point is good but your math sucks. 10 km takes 360 seconds at 100km/h and takes 327 seconds at 110km/h. The savings is 33 seconds.

Driving 10 km/hr more than the max speed limit (110 km/hr in place of 100 km/hr) will save 19 seconds to complete a $10 km stretch. Speeding doesn't worth doing. Please be sure to drive responsibly. cbc.ca/news/canada/ne…

The First World War is now a distant memory; there are none alive who remember it. With wars raging in Europe, the Middle East and Africa, it is worth revisiting Wilfred Owen, who died this week 106 years ago. poetryfoundation.org/poems/46560/du…

When life knocks you down, you want someone in your corner. Our monthly newsletter. baskinwealth.com/latest-news/mo…

Join seasoned investors @BarrySchwartzBW and @ErnestWongBWM for an exclusive webinar, Quality Investing for the Long Run. Discover timeless strategies to build wealth and secure your financial future, even in a volatile market. okt.to/VuqcpQ

HMCS Ville De Quebec steaming into Halifax harbour today

Next Monday we celebrate Thanksgiving in Canada. With so many lamenting the things that are going wrong, we should spend some time rejoicing in our good fortune in living here. My essay on the topic: baskinwealth.com/latest-news/mo…

over 1,200 views of our latest podcast on Brookfield $BN $BAM on YouTube. Thank you so much for watching! youtu.be/ULTId6VKtoY?si…

@ErnestWongBWM $BCEs return on the holding is somewhat less than if they had put the money in the S&P500 over the same period; but much better than not having done it at all!

Ontario Teachers sold MLSE to Rogers/Bell consortium in 2012 for $1.32 billion

#BCE added +$8B of long-term debt in just the last 3 years; this sale pays back about half of that. It's a help but not a cure. A likely drop in interest rates of say 2.5% over a year would save $BCE about $1B/yr in interest. Also helpful. Bottom line: Dividend is safe for now

$BCE has sold its interest in #Maple Leaf Sports Entertainment to $Rogers for $4.3B cash. This will reduce #Bell's debt load by a bit more than 10% and will certainly ensure that there will be no dividend cut in the near future. But the $BCE balance sheet still stinks 1/2

Two interesting ideas: $POW still yielding +5% and trading at significant discount to NAV. $NA.PR.S is a pref that reset at 6% yield a few months ago; so that is locked in now for 5 years and getting more attractive as yields fall elsewhere.

Mid-stream $KEY $PPL; utilities $EMA $ENB $CU and the banks. There are still outliers offering over-sized yields including $BCE. Could #Bell cut its dividend? It would be a disaster for an already beaten-up stock but it isn't earning its payout so the risk is there 3/n

Yes, we have no inflation. CDN inflation now running at 2% and only that high due to housing costs. With unemployment rising and per capita GDP falling, Bank of Canada is still behind the curb and needs to cut 50bps to start catching up. 1/n

@MikePMoffatt This is a feature of Ont medical system, not a bug. Docs are paid per capita. If the patient uses other services, the doctor gets hit on their compensation. So to limit that, they want you to stay away from clinics. They are SUPPOSED to have 24/7 access, but good luck with that

On the Cdn front Bank of Canada is still behind the curve as unemployment is up to 6.6% on lousy job creation. 25 bps/month is not getting the job done; Tiff needs to be more aggressive. Canada dropping faster than US has NOT killed the loonie as some predicted.

US Jobs report is a big yawn. Pretty much as expected - bear in mind that any difference of +/- 50,000 jobs is a rounding error. Most importantly, wages continue to rise faster than inflation. Unemployment rate up a tick. Still expect Fed to drop rates.

@p_evans I think my first appearance was in 2001 or 2002 at the Jarvis Street studio. Lots of water under the bridge since then.

If you happen to be watching @BNNBloomberg on a Friday afternoon before a long weekend... I will be on at 1:20 to talk about retailers and 3 names we like

@Mitesh_Khatri1 With interest rates falling, investors will value dividend payers/growers more. $NA falls into that category. It is not a screaming buy but it is not expensive either. If you have a 5 yr time horizon no reason not to buy. Most of our regrets are stocks we didn't buy due to price

@DavidBaskinBWM Would you start a new position in $NA today given current share price?

$NA and $RY continue to demonstrate they are best banks in Canada. #National Bank's acquisition of $CWB is a smart move that will increase its scope and presence and boost eps. $NA is trading < 11x 2025 earnings, with room to hike dividend; payout ratio < 40%. +5% today justified