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Table of contents for 2021:

Episode 78: Understanding Canada’s Economic Future
Former Bank of Canada Governor and now Senior Advisor at Bennett Jones LLP

Episode 77:  The Shakeup Of the Short-Term Rental and Airbnb Market 
Julie Van Der Lugt, Principal at ManageAir, a short-term property rental manager

Episode 76: Hot-Button Economic Topics Heading Into The Election
David Macdonald, Senior Economist at the Canadian Center for Policy Alternatives

Episode 75: Reading Bay Street's Tarot Cards
Liz Worth, Tarot Card Reader, Teacher and Author

Episode 74: The Battle Scars Of A Short Seller
With Marc Cohodes, a private investor

Episode 73: Optimizing Human Performance During The Pandemic
Dr. Valerie Helena Franc ND

Episode 72: Up & Down Bay St. 
Bill Vlaad, founder and CEO of the recruitment firm Vlaad and Co.

Episode 71: Commercial Real Estate Market Re-Heating  (freely available)
Alan MacKenzie, CEO JLL Canada

Episode 70: The Future of Oil In Historical Perspective 
Graham Taylor, Professor Emeritus in the Department of History at Trent University

Episode 69: Bottlenecks and Constraints of the Global Supply Chain
Robert Lewis-Manning, President of the Chamber of Shipping

Episode 68: Rail Mergers & The Ghost of Hunter Harrison
Howard Green, journalist and author of the book Railroader: The Unfiltered Genius and Controversy of Four-Time CEO Hunter Harrison

Episode 66: A Closer Look At Toronto Housing
Michael Kalles, President Harvey Kalles Real Estate Ltd.

Episode 65: Sustained Inflationary Pressures
Philip Grant, Associate Publisher Grant’s Interest Rate Observer, Editor Almost Daily Grant’s Commentary

Episode 64: Building and Evaluating Corporate Cultures
Tony Gareri, CEO and Chief of WOW, Roma Moulding

Episode 63: How Investors Can Navigate The Next Era of Corporate Governance
Peter Dey, Chairman of Paradigm Capital, former Chairman of the OSC and co-author of 360 Degree Governance

Episode 62: Wisdom on Investing and Life from a Legend
Pierre Lassonde, Chair Emeritus and co-founder of Franco-Nevada

Episode 61: Audit quality and the pandemic - what investors need to know
Carol Paradine, CEO Canadian Public Accountability Board (CPAB)

Episode 60: The White-Hot Cdn. Residential Mortgage Market
Albert Collu, President and CEO of Marathon Mortgage Corp.

Episode 59: The Future of Accounting
Nick Anderson, Member of the International Accounting Standards Board

Episode 58: Investing Like A Gardener
Mark Cullen, Entrepreneur, gardener and spokesperson

Episode 57: Defending Freedoms
John Carpay, President of the Justice Centre for Constitutional Freedoms

Episode 56: Cannabis & Psychedelics: The Science Behind the Story
Hance Clarke, Director of Pain Services, Medical Director of the
Pain Research Unit at the Toronto General Hospital

Episode 55: Inside this unstoppable Canadian housing market (freely available)
John Zinati, real estate lawyer at Zinati Kay

Episode 54: How Do You Value a Dot-Com Today?
Tom Strezos, Senior Business Advisor in the Valuations Group at Grewal Guyatt LLP

Episode 53: The future of Canada's capital markets
Maureen Jensen, Former Chair and CEO of the Ontario Securities Commission

Episode 52: Financial statement manipulation is a slippery slope
Chris Mathers, Crime and Risk Consulting Services

Episode 51: Professional Skepticism for ESG and Sustainability Ratings
Charles Cho, Professor of Accounting & Erivan K. Haub Chair, Schulich School of Business, York University – Business & Sustainability

Episode 50: Electric Vehicle Irrational Exuberance?
Dimitry Anastakis, LR Wilson/RJ Currie Chair in Canadian Business History, Professor - Rotman School of Management – University of Toronto History Department

Skip to 2020



 

The Fact-Finding Series

(subscribers only)


September 30, 2021
Episode 78: 
Understanding Canada’s Economic Future
Former Bank of Canada Governor and now Senior Advisor at Bennett Jones LLP

•    What happened during the pandemic: The initial surprise was the depth of the shock, which was followed by the speed of the recovery. 
•    What’s next: How do we deal with the level of government debt, climate change, productivity, and an aging society. Where are interest rates going? 
•    Canada’s energy conundrum: “We need the foreign earnings that we’re going to get from oil and gas. We absolutely need those foreign earnings to be able to buy the green equipment (windmills, electric motors, batteries, smart electric grid equipment) which we don’t produce in this country.” What happens when investors don’t invest in carbon energy? Skepticism for ESG ratings.
•    Productivity: Canada has not figured out how to commercialize its digital skills as well as other countries have. 

Mr. Dodge was a return guest. See his first appearance: Episode 49: A strategic reboot for Canada 


 


September 28, 2021
Episode 77: 
The Shakeup Of the Short-Term Rental and Airbnb Market 
Julie Van Der Lugt, Principal at ManageAir, a short-term property rental manager

In Episode 77 of our Fact-Finding Series, Anthony and Ms. Van Der Lugt (see her full bio) covered: 
•    How the short-term rental market has evolved: Differences between the Toronto and Florida markets, the two markets she has managed properties in since 2013. 
•    Regulation: How regulation in Toronto works, reducing it from a saturated 23,000 short-term rentals to 3,500 over the past two years. How her clients have fared in pivoting.
•    The future of Airbnb: The economics of what Airbnb charges tenants and guests and possible strategic directions for the future. 
•    Work-from-home (or work-from-anywhere): She sees clients traveling (property owners and guest tenants) to work from anywhere for long periods. 
•    The economics of short and mid-term rentals and the realities of recent high condo prices for investors


 


 

September 9, 2021
Episode 76: Hot-Button Economic Topics Heading Into The Election
David Macdonald, Senior Economist at the Canadian Center for Policy Alternatives

In Episode 76 of our Fact-Finding Series, Anthony and Mr. Macdonald (see his full bio) discussed: 
• Employment: Summer job gains may take a step backward again if lockdowns or economic restraints happen again. Where might we lose jobs again versus what sectors are still showing job growth? What happens when job subsidies end in October?
• Economic policies: What are the parties planning? 
• Economic growth: Q2-2021 GDP growth was negative due to the surge in house prices, fewer renovations and the auto sector chip shortage. Meanwhile, shutdowns and supply chain issues have created growth problems globally.
• Government debt: “The federal debt has gone up substantially, but what’s interesting is that the straight-up interest costs, not the rate, but the dollar value that’s being spent on interest, has actually fallen.”
• Housing: What are the parties planning? Will they put substantial restrictions on foreign buyers? What would be the impact of a house flippers tax? 
• Childcare: The impact of expensive childcare and school closures during lockdowns on the workforce, particularly women. 
• Inflation and interest rates: The most recent reading was almost 4%, but many prices fell during lockdowns in 2020. “Prices are playing catch-up as we saw no inflation in 2020.” 

This was Mr. Macdonald's second appearance. See his first: Episode 42: How Will The Stimulus Programs Affect Canadians - Today and Tomorrow


 


August 24, 2021
Episode 75: Reading Bay St.'s Tarot Cards
Liz Worth, Tarot Card Reader, Teacher and Author

In our Fact-Finding Series, we often seek guests who are “off Bay Street” and can teach us something about human behavior that will make us better investors. As Anthony said in the video conference, Liz Worth, a Toronto-based tarot reader (see her full bio), is about as far off Bay Street as we could go. They discussed:
• How tarot reading works: It’s intuitive but still logical and rational.  “It’s a creative process when you’re looking at tarot cards. You’re really reading artwork. That’s what it is. It’s a tarot deck of 78 cards, full of different pictures, and you’re trying to figure out how to put language around those pictures and find meaning in them. It is a skill and a language; this is where it becomes a science due to its structure and process.”
• The human factor in tarot reading: “It’s very, very hard sometimes to discern what is a passing thought, what is a distraction, what is a bias, what is a judgment versus what is your intuition telling you. We’re humans, and we can have a whole range of stuff going on in our heads and in our hearts at any given time, and sometimes those things can feel even contradictory, and we could be very confused about something.”
• Parallels with investing: How the same card can mean different things to different people – similar to how the same stock can fit one investor’s mandate, but not another.


 


August 18, 2021
Episode 74: The Battle Scars Of A Short Seller
With Marc Cohodes, a private investora

There are few better to talk to about the art and science of short selling than Marc Cohodes (see his full bio). The former General Partner of Rocker Partners/ Copper River from 1985-2009 now runs his own money from his farm called Alder Lane. Anthony and Marc discussed:
• Why, during the depths of the market panic last year, he turned the bullish;
• Why he has backed off short selling recently but why he still wants to expose frauds;
• What makes a good short seller and a good short?
• Why shorting has diminished right now;
•  Chinese stocks, market cycles, the Canadian housing market, long and short ideas, and more.


 


August 11, 2021
Episode 73: Optimizing Human Performance During The Pandemic
Dr. Valerie Helena Franc ND

In Episode 73 of our Fact-Finding Series, Anthony and Dr. Franc (see her full bio) discussed: 
• Health is paramount. If you don’t have health, you can’t invest properly because you can’t think straight.
• Personal tests: Each body has its own biochemistry that changes over time. There are plenty of new ways to get tested to optimize your health, such as fasting insulin, food sensitivities, hormonal testing, sleep cycles and a newer test is called genetic testing.
• Age: “You should feel as energetic and healthy and vibrant at 50 at 60 at 70 as you do at 20 and 30. 
• Your immune system during lockdowns: Many people have let their health slide during the pandemic; however, it’s never been more important to have all the right vitamins and minerals to have a strong immune system. This is especially important for leaders during a time of fear: “If you don’t feel rooted and grounded yourself, if you’re not optimal, you can’t be a light for others.”
• Vaccines and COVID: You can take steps to help support the vaccines and decrease some of the side effects. 
• Is coffee healthy for you?


 


June 30, 2021
Episode 72: Up & Down Bay St. 
Bill Vlaad, founder and CEO of the recruitment firm Vlaad and Co.

aIn episode 72 of our Fact-Finding Series, Anthony and Mr. Vlaad (see his full bio) discussed:
• What employees should think about before they jump to look for greener pastures.
• Ideas for employers to retain talent and what employees value most.
• How to deal with the post-pandemic back-to-work challenge. 
• Trends in both the buy-side and sell-side hiring and compensation.

 


 


June 29, 2021
Episode 71: Commercial Real Estate Market Re-Heating 
Alan MacKenzie, CEO JLL Canada

In Episode 71 of our Fact-Finding Series, Anthony and Mr. MacKenzie (see full bio) discussed real estate market conditions in Canada, including: 
• Industry conditions before the pandemic: There was too much capital chasing too few income streams;
• Booming demand for industrial because of eCommerce fulfillment: Vacancy rate falling;
• Multi-family market and the effect of immigration: “Investors in this market are trying to buy up that product as fast as they possibly can.”
• Retail: Market activity has picked back up over the last 30 days;
• Office: Transactions in this market are bouncing back as well; Why vacancy rates are artificially high and will fall;
• Where are the best opportunities in the sector? For entrepreneurs, the best spreads and value is in Alberta retail. For institutions, the best opportunities are in developing industrial properties and multi-family.a
(We have decided to make this episode freely available  Enjoy!)


 


June 23, 2021
Episode 70: The Future of Oil In Historical Perspective 
Graham Taylor, Professor Emeritus in the Department of History at Trent University

Professor Taylor is the author of several books on Canadian business, including Imperial Standard: Imperial Oil, Exxon and the Canadian Oil Industry from 1880. In Episode 70 of our Fact-Finding Series, Anthony and Professor Taylor (full bio) discussed:
• The boom & bust history of oil in Canada and globally;
• How the U.S. government broke up Rockefeller’s Standard Oil early last century;
• The rise of OPEC in the 1970s;
• How Exxon abandoned alternative energy decades ago and denied climate change;
• The speed at which alternative energy can replace fossil fuels;
• What could drive the price of oil in the future?


 


June 22, 2021
Episode 69: Bottlenecks and Constraints of the Global Supply Chain
Robert Lewis-Manning, President of the Chamber of Shipping 

In episode 69 of our Fact-Finding Series, Anthony and Mr. Lewis-Manning (full bio) discussed:
• Trade distortion during the pandemic: Shutdowns, changing consumer habits and capacity constraints. 
•  After the pandemic: “It’s going to take time to build capacity that reflects a new trading environment.” 
•  Global bottlenecks and Canadian constraints: Problem of empty containers and constraints continuing well into 2022.
• More: Inflation, significant events, environmental pressures, onshoring realities and vertical integration.


 


June 24, 2021
Episode 68: Rail Mergers & The Ghost of Hunter Harrison
Howard Green, journalist and author of the book Railroader: The Unfiltered Genius and Controversy of Four-Time CEO Hunter Harrison

In Episode 68 of our Fact-Finding Series, Anthony and Mr. Green discussed the book and Mr. Green’s relationship with Mr. Harrison over the years (see Mr. Green's full bio). They also discussed Canadian National Railway's current play for Kansas City Railroad, including
• Politics: Why the political time might be right for more consolidation.
• Surface Transportation Board: It’s hard to predict which way the STB will rule.
• The Railway Oligopoly: What is the ideal number?
• What to watch: Lobbying.
• What happens next: Other mergers and players that may enter the picture.


 


June 2, 2021
Episode 66: A Closer Look At Toronto Housing
Michael Kalles, President Harvey Kalles Real Estate Ltd.

In Episode 66 of our Fact-Finding Series, Anthony and Mr. Kalles discussed (see his full bio):
• Mr. Kalles’ decision during the depths of the 1994 recession to “go big or go home” with the family’s real estate brokerage business. “Where everyone else was pulling back, we were expanding.” The company’s expansion since then, including into mortgages.
• What surprised you most about Toronto housing over the last year? “What surprised me is how resilient the real estate market is in Toronto.” Despite much lower unit sales during the early days of the pandemic, even distressed sellers received stable prices.
• What do you see today for GTA house prices? “April was a screaming hot month.”
• Demand continues to outstrip supply: Government’s recognize they have to expedite the business process. Toronto prices are severely unaffordable. The pressures of higher rates on incomes.
• Immigration hasn’t picked back up again yet. “We’re still under-building. What do I see? Higher demand.”


 


May 26, 2021
Episode 65: Sustained Inflationary Pressures
Philip Grant, Associate Publisher Grant’s Interest Rate Observer, Editor Almost Daily Grant’s Commentary

In Episode 65 of our Fact-Finding Series, Anthony and Mr. Grant (see his full bio) discussed:
• Inflation: “We at Grant’s are anticipating sustained inflationary pressures.” Key indicators include 1) Commodity prices, 2) Housing, 3) Consumer sentiment, and 4) Wage pressure.
• Equities valuations, Crypto Dangers, Stretched Bonds; 
• Opportunities: 1) Pockets of value in the U.K. and Japan; 2) Shipping stocks; and 3) Gold: “We believe that monetary policies, in general, have been irresponsible. It’s extremely irresponsible right now with the Fed running their most aggressive [quantitative easing] in the face of a hot economy with declining unemployment. We expect gold to go significantly higher.”


 


May 25, 2021
Episode 64: Building and Evaluating Corporate Cultures
Tony Gareri, CEO and Chief of WOW, Roma Moulding

In Episode 64 of our Fact-Finding Series, Anthony and Mr. Gareri discussed (see his full bio):
• How Roma first started and growing up in the family business.
• How the Global Financial Crisis of 2008-2009 shook up the company and how a book by the late Tony Hsieh of Zappos changed everything. The book was about how employee happiness led to customer happiness, which he doubted until he paid for a tour of Zappos and its culture. “I paid money to spend three days in another company to see the magic that they do, and I walked away just blown away."
• How culture is important in investing. “Yes, P&L is very important, but I also look towards who’s the leader of the company.”
• Deciding how to differentiate your business: “Anybody today can make anything. Google commoditized the world. The only differentiator is how you’re going to make people feel. The only way in which you can make someone feel something is if you, in turn, have remarkable people.”
• Leadership and hiring during the pandemic and what will make businesses stronger on the other side.


 


May 12, 2021
Episode 63: How Investors Can Navigate The Next Era of Corporate Governance
Peter Dey, Chairman of Paradigm Capital, former Chairman of the OSC and co-author of 360 Degree Governance

In Episode 63 of our Fact-Finding Series, Anthony and Mr. Dey discussed (see his full bio):
• How corporate governance has evolved since the original “Dey Report” in the 1990s;
• The most pressing guidelines proposed in the new report;
• What sector is leading the charge for new governance standards in Canada and why is this important;
• How to tell when a company is using ESG to whitewash deeper problems in the business:
• How institutional investors should think about investing in sectors such as oil & gas that get labelled as environmentally unsustainable;
• Whether companies and boards should have diversity quotas.


 


May 4, 2021
Episode 62: Wisdom on Investing and Life from a Legend
Pierre Lassonde, Chair Emeritus and co-founder of Franco-Nevada

In Episode 62 of our Fact-Finding Series, Anthony and Mr. Lassonde discussed (see his full bio):
• How Mr. Lassonde got his start at Beutel Goodman and founded Franco-Nevada with Seymour Schulich, who was President of Beutel Goodman at the time. They took it public with $2 million in 1985 and it is worth $34 billion today.
• The secret to success is in the people: “People is everything. Good people make good things happen.”
• When to invest in gold companies from a risk/reward standpoint and why Marathon Gold (TSX:MOZ) is at that point, in his opinion.
• How to invest in the gold industry: Identifying a good gold company and a bad one.
• Why he owns 12%-13% of Prime Mining (TSXV: PRYM).
• How he got involved with Enghouse (TSX: ENGH) and why that has been another successful investment.
• His outlook for gold, the U.S. dollar and inflation. “I really believe you're going to see US$2,400 gold sometime in the next, I’d say 18 months.”


 


April 27, 2021
Episode 61: Audit quality and the pandemic - what investors need to know
Carol Paradine, CEO Canadian Public Accountability Board (CPAB)

In Episode 61 of our Fact-Finding Series, Anthony and Ms. Paradine discussed (see her full bio):
• The importance of auditing to the confidence in capital markets;
• The methodology behind CPAB’s recently released 2020 Annual Audit Quality Assessments Report and key findings;
• How the report focuses on areas where problems are likely to be found,” which means it isn’t statistically representative of all auditing in the country. Nevertheless, it found that 29% of the files had a significant inspection finding. “We are concerned about poor inspection results at several of the annually inspected firms, and we are conducting disciplinary panels.”
• How one of the four big accounting firms has repeat problems, why that firm is not publicly disclosed and what improvements are being made to fix problems;
• What investors should focus on in financial statements;
• What has changed in auditing during the pandemic?
• Auditing issues with cannabis, crypto, fraud and going concern evaluations.


 


April 21, 2021
Episode 60: The White-Hot Cdn. Residential Mortgage Market
Albert Collu, President and CEO of Marathon Mortgage Corp.

In Episode 60 of our Fact-Finding Series, Anthony and Mr.Collu covered (see is full bio):
• Why the doom-and-gloom forecasts for deferral cliffs were so wrong: “The forecasts for what would happen in the housing market couldn’t have been any further from what’s actually going on. In fact, everything you have seen up until this moment sort of blows away any economic model that we’ve ever come across, with the exception of supply and demand.”
• Why the mortgage market is white-hot: “If you had said to me a year ago that we would have to go on a massive hiring spree just to keep up with demand, I probably would have looked at you a little funny.”
• Access to capital and legislation to cool the market: Any time there is tightening legislation, it drives more lending into the private market.
• Predictions for the future, including comments on legislation, immigration and the downtown exodus: “[A year from now] we’re going to sit here still all scratching our heads wondering, how the heck is it possible that the market is still this white-hot.”

Please also see Mr. Collu’s new book: Catapulting Change: Mindful Leadership To Launch Organizations and People. He was also a guest of our Fact-Finding series a year ago: Episode 2: On the ground in Canada’s mortgage industry.

 


 


April 20, 2021
Episode 59: The Future of Accounting
Nick Anderson, Member of the International Accounting Standards Board

In episode 59 of our Fact-Finding Series, Anthony and Mr. Anderson discussed (see his full bio):
•     Key lessons from the past year: What investors need to continue to focus on, especially with businesses under stress from the pandemic.
•    Climate change and sustainability reporting: Impacts of climate-related impairments, as well as calls for a new IFRS sister board on sustainability. 
•    Disclosure requirements: A new effort to find the right balance between providing too much information and not the right information in financial statements. 
•    Supply-chain financing: How this form of debt financing should be reflected in financial statements now and how there will be new proposals for better disclosure coming soon. 
•    Non-GAAP metrics transparency: The latest on a proposal to bring non-GAAP items into the financial statements and, therefore, under accounting standards, including items beyond the income statement. 

Mr. Anderson was a return guest. See his first appearance: Episode 20: How the International Accounting Standards Board is responding to the pandemic

 


 


April 14, 2021
Episode 58: Investing Like A Gardener
Mark Cullen, Entrepreneur, gardener and spokesperson

In episode 58 of our Fact-Finding Series, Anthony and Mr. Cullen (see his full bio) discussed:
•     His latest book, written with his son Ben, called Escape to Reality: How the World is Changing Gardening, and Gardening is Changing the World.
•     As the former owner of Weall & Cullen garden centers, Mr. Cullen talks about how his family got into the gardening businesses, its challenges and successes, and eventually why he sold.
•     Practical advice about what makes a successful entrepreneur and investor.
•     A letter Mr. Cullen wrote his financial advisor Syl Apps (son of the Maples Leafs’ captain) called Investing Advice for 2011. The letter covers what gardening has taught Mr. Cullen about investing, including patience, how everything has a life cycle, and harvesting. 

 


 


April 6, 2021
Episode 57:  Defending Freedoms
John Carpay, President of the Justice Centre for Constitutional Freedoms

The Justice Centre for Constitutional Freedoms is a federally-registered charity that defends citizens’ freedoms. As the founder and president of the centre, John has devoted his legal career to defending constitutional freedoms through litigation and education. (see his full bio). It has ongoing or pending court actions in five provinces to end Charter-violating lockdowns.

In episode 57 of our Fact-Finding Series, Mr. Carpay and Anthony discussed:
• Restrictions of freedoms: How Canada has restricted our freedoms more in the past 12 months than in WWII? 
• Free-Speech: How universities are meant to support debate and free-speech are becoming a thing of the past.

 


 


March 31, 2021 
Episode 56: Cannabis & Psychedelics: The Science Behind the Story
Hance Clarke, Director of Pain Services, Medical Director of the
Pain Research Unit at the Toronto General Hospital

In episode 56 of our Fact-Finding Series, Mr. Clarke (see his full bio) and Anthony discussed what trends investors need to pay attention to in pain management, including:
• Cannabis: How Canada went down the wrong path? What is the science behind the story? What lies ahead for the regulators? What about foreign markets? Who wins, who loses?
 • Psychedelics: What is the medical evidence and the regulatory path supporting psychedelics? What do you think happens with this industry and what kind of companies will win? 

 


 


March 30, 2021 
Episode 55: Inside this unstoppable Canadian housing market
John Zinati, real estate lawyer at Zinati Kay

With more than 23,000 real estate transactions completed, Mr. Zinati has a unique perspective on the market with a view into buyers, sellers and financing. In episode 55 of our Fact-Finding Series, Mr. Zinati (see his full bio) and Anthony discussed :
• What is the mentality of buyers/sellers/financiers in today’s market?
• How does the past year compare with the previous 35 years?
• Where is the financing coming from now, and how has that changed from previous years?
• The condo market softened in 2020, while detached housing skyrocketed. What is happening now?
• What key metrics are you watching to monitor the health of the housing market?



(We have decided to make this episode freely available  Enjoy!)

 


 


March 24, 2021
Episode 54: How Do You Value a Dot-Com Today?
Tom Strezos, Senior Business Advisor in the Valuations Group at Grewal Guyatt LLP

In episode 54 of our Fact-Finding series, Mr. Stezos  (see his full bio) and Anthony discussed:
• The “crazy and loopy” valuations of the dot-com bubble of 2000 and the ensuing crash in which the Nasdaq lost 80% of its value in the next 2.5 years as investors returned to using cash flows to value companies.
• Mr. Strezos wrote an article 20 years ago for The Lawyers Weekly on valuing a Dot-com, in which he tried to place a value on the then-struggling Amazon. The video discusses his methodology then and how investors might value Amazon today.
• What are investors missing as they value tech companies today? When a private company is going public, what should potential shareholders of the public entity look at before investing?

 


 


February 4, 2021
Episode 53: The future of Canada's capital markets
Maureen Jensen, Former Chair and CEO of the Ontario Securities Commission

In episode 53 of our Fact-Finding series, Ms. Jensen (see her full bio) and Anthony discussed:
•    Her career and journey to be head of the OSC, and her accomplishments as the head;
•    Women in capital markets;
•    Why Canada desperately needs a national securities regulator and why it has been a hopeless effort to get one;
•    How difficult it is to regulate Bitcoin and why this will be a growing problem for taxation and with criminals;
•    The “unbelievable amounts of bureaucracy” in Canada – something she tried hard to cull during her tenure but that is a much bigger problem than the securities industry.

 


 


January 26, 2021
Episode 52: Financial statement manipulation is a slippery slope
Chris Mathers, Crime and Risk Consulting Services

In episode 52 of our Fact-Finding series, Mr. Mathers (see his full bio) and Anthony discussed:
•    How the pandemic has changed criminality and organized crime;
•    Why cybercrime is on the rise and how working-from-home is fueling this fire; 
•    What to look for when evaluating a management team so that you the investor aren’t being led astray.
.


 


January 20, 2021
Episode 51: Professional Skepticism for ESG and Sustainability Ratings
Charles Cho, Professor of Accounting & Erivan K. Haub Chair, Schulich School of Business, York University – Business & Sustainability

In episode 51 of our Fact-Finding series, Professor Cho (see his full bio) and Anthony discussed:
•    The latest trends in ESG and Sustainability Reporting, including what investors need to be on the lookout for.
•    How reporting standards need to consider materiality in both financial and non-financial terms;
•    How society needs to rethink the concept of a corporation’s beneficiaries: investors or society at large.

 


 


January 13, 2021
Episode 50: Electric Vehicle Irrational Exuberance?
Dimitry Anastakis, LR Wilson/RJ Currie Chair in Canadian Business History, Professor - Rotman School of Management – University of Toronto History Department

In episode 50 of our Fact-Finding series, Professor Anastakis (see his full bio) and Anthony discussed:
•    Electric vehicles (EVs) constitute only about 3% of North American auto sales, yet Tesla’s hyper-growth is seen as a validation of the EV’s arrival. 
•    In 1900, electric vehicles constituted nearly 40% of American car purchases, so EV’s are having their second historical moment. What lessons we can take from its first?
•    Similarities between Henry Ford and Elon Musk.
•    Why Professor Anastakis thinks legacy auto and auto-parts companies are undervalued by investors, including Canadian auto parts companies Magna and Linamar.


 

2020


December 15, 2020
Episode 49: A strategic reboot for Canada to get going
David Dodge, Senior Advisor Bennett Jones LLP and former Governor of the Bank of Canada


The economic backdrop heading into 2021; What Canada should do to improve our economic positioning with the Biden administration; The danger in the federal government building up excessive debt; How to address Canada’s productivity problem; Why China's currency will overtake the U.S. dollar as the global currency this decade (see his full bio).


December 9, 2020
Episode 48: A Firm believer in stock picking
George Athanassakos, Founder & Managing Director-Ben Graham Centre for Value Investing at Ivey
(The slides in this video are not to be copied or redistributed in any form)
(see his full bio)

December 3, 2020
Episode 47: Understanding legal rights and freedoms during the pandemic
Joanna Baron, Executive Director, The Canadian Constitution Foundation
(see her full bio)

December 1, 2020
Episode 46: Revolutionizing Canada's payments system
Doug Kreviazuk, Executive Director, PayTechs of Canada
(see his full bio)

November 25, 2020
Episode 45: Wisdom of a short seller
Carson Block, Muddy Water Research
(see his full bio)

October 22, 2020
Episode 44: Investment implications for how Toronto is going to change from the pandemic
Joe Berridge, Partner Urban Strategies Inc.
Or read a brief write-up of the session
(see his full bio)

October 14, 2020
Episode 43: Truths about the state of Toronto's condo market
Avi Levinson, Vice President Sales, Royal York Property Management
Or read a brief write-up of the session
(see his full bio)

September 24, 2020
Episode 42: How Will The Stimulus Programs Affect Canadians - Today and Tomorrow
David MacDonald, Senior Economist at Canadian Center for Policy Alternatives
(see his full bio)

September 17, 2020
Episode 41: What consumer stocks will do best in a coming recession
Kathleen Wong, Veritas Consumer Staples & Consumer Discretionary Analyst
(see her full bio)

September 16, 2020
Episode 40: How should investors use ESG scores?
Elizabeth Demers, Professor at University of Waterloo, School of Accounting and Finance and co-author of ESG Didn't Immunize Stocks Against the COVID-19 Market Crash
(see her full bio)

September 10, 2020
Episode 39: Understanding how antitrust law can affect stock market winners and losers
John Pecman, Senior Business Advisor in the Antitrust/Competition & Marketing group at Fasken and former Commissioner of Competition at Competition Bureau Canada
(see his full bio)

August 27, 2020
Episode 38: A Review of the Green Party Platform
Dimitri Lascaris, Green Party of Canada & Former Class Action Lawyer at Siskinds LLP
(see his full bio)

August 25, 2020
Episode 37: Waste Management Industry: Digging Through the Dirt on GFL
Darryl McCoubrey, Veritas Utilities Analyst
(see his full bio)

July 29, 2020
Episode 36: Positioning for the next phase of the pandemic
Brad Dunkley, Co-Founder, Chief Investment Officer & Chief Risk Officer of Waratah Capital Advisors
(see his full bio)

July 23, 2020
Episode 35: Telecoms: Silver lining in hard times
Desmond Lau, Veritas Information Technology Analyst
(see his full bio)

July 16, 2020
Episode 34: Canadian Oil Coming Back Into Vogue?
Jeffrey Craig, Veritas Energy Analyst
Or read a brief write-up of the session
(see his full bio)

July 9, 2020
Episode 33: Where to look for signs of optimism in industrials
Dan Fong, Veritas Industrials Analyst
Or read a brief write-up of the session
(see his full bio)

July 7, 2020
Episode 32: Create order out of chaos and thrive in the post-pandemic age
Nicky Billou, entrepreneur consultant and host of The Thought Leader Revolution Podcast
Or read a brief write-up of the session
(see his full bio)

June 25, 2020
Episode 31: Housing price head fake coming
Ben Rabidoux, President North Cove Advisors Inc.
Or read a brief write-up of the session
(see his full bio)

June 24, 2020
Episode 30: Infrastructure risks have increased significantly
Darryl McCoubrey, Veritas Utilities & Infrastructure Analyst
Or read a brief write-up of the session
(see his full bio)

June 23, 2020
Episode 29: Digging into the strengths and weaknesses of Canada's economic recovery
Michael Rothe, President and CEO of the Canadian Finance & Leasing Association
Or read a brief write-up of the session
(see his full bio)

June 18, 2020
Episode 28: Exploring trends and investment opportunities in the agriculture industry
Kent Willmore, President, AG Invest Properties Canada, a manager of farmland investments.
Or read a brief write-up of the session
(see his full bio)

June 17, 2020
Episode 27: The long-term value proposition of cryptocurrencies
Anthony Di lorio, Founder & CEO of Decentral and Co-Founder of Ethereum, the world's second-largest crytocurrency platform.
(see his full bio)

June 11, 2020
Episode 26: What investors need to know about auditing during the pandemic
Ken Charbonneau, Chair of the Canadian Audit and Assurance Board
Or read a brief write-up of the session
(see his full bio)

June 10, 2020
Episode 25: Navigating the REITs sector for the best value
Howard Leung, Veritas REITs & Technology and Accounting & Special Situations Analyst
Or read a brief write-up of the session
(see his full bio)

June 4, 2020
Episode 24: Exploring the details of CMHC's housing market forecast
Aled ab lorwerth, Deputy Chief Economist, Canada Mortgage & Housing Corporation
Or read a brief write-up of the session
(see his full bio)

June 3, 2020
Episode 23: Why you shouldn't pay 50 times sales for Shopify
Chris Silvestre, Veritas Accounting & Special Situations Analyst
Or read a brief write-up of the session

June 2, 2020
Episode 22: Facing the reality of massive debt burdens
Jasmine Pickel, Ontario Director, Canadian Taxpayers Federation
Or read a brief write-up of the session
(see her full bio)

May 28, 2020
Episode 21: On the ground in Toronto's downtown real estate market
Natalka Falcomer, Founder, Managing Partner - Groundworks and Executive Vice President Corporate Development at Chestnut Park Real Estate Limited, Brokerage
Or read a brief write-up of the session
(see her full bio)

May 27, 2020
Episode 20: How the International Accounting Standards Board is responding to the pandemic
Nick Anderson, Member - International Accounting Standards Board
Or read a brief write-up of the session
(see his full bio)

May 26, 2020
Episode 19: Ten things that keep a Chief Accountant up at night
Cameron McInnis, Chief Accountant - Ontario Securities Commission
Or read a brief write-up of the session
(see his full bio)

May 21, 2020
Episode 18: An in-depth look at credit vulnerabilities across the Big Six
Nigel D'Souza, Veritas Financial Services Investment Analyst
Or read a brief write-up of the session
(see his full bio)

May 20, 2020
Episode 17: Why it's time for boards and investors to think differently to get through the pandemic
David R Beatty, Chair David & Sharon Johnston Center for Corporate Governance Innovation, Professor of Strategy, Rotman School of Management University of Toronto
Or read a brief write-up of the session
(see his full bio)

May 19, 2020
Episode 16: Navigating the next risks for investors
Philip Grant, Associate Publisher Grant's Interest Rate Observer, Editor Almost Daily Grant's Commentary
Or read a brief write-up of the session
(see his full bio)

May 14, 2020
Episode 15: A new reality for institutional investing
Alissa Kole Amico, Managing Director, Govern
Or read a brief write-up of the session
(see her full bio)

May 13, 2020
Episode 14: The Coming Consumer Credit Tsunami
Scott Terrio, Manager, Consumer Insolvency at Hoyes Michalos
Or read a brief write-up of the session
(see his full bio)

May 12, 2020
Episode 13: The shock to the housing system
Ron Butler, Mortgage Broker at Butler Mortgage
Or read a brief write-up of the session
(see his full bio)

May 7, 2020
Episode 12: How the mortgage market is faring
Rob McLister, Founder RateSpy.com and Co-Founder intelliMortgage Inc.
Or read a brief write-up of the session
(see his full bio)

May 6, 2020
Episode 11: Focus on Vancouver housing
Steve Saretsky, Broker, Saretsky Real Estate Group in Vancouver
Or read a brief write-up of the session
(see his full bio)

May 5, 2020
Episode 10: How investors can assess financial reporting during the pandemic
Linda Mezon, Chair of the Canadian Accounting Standards Board
Or read a brief write-up of the session
(see her full bio)

April 30, 2020
Episode 9: The state of the rent crisis
Roelof van Dijk, Director of Market Analytics, Canada, CoStar Group.
Or read a brief write-up of the session
(see his full bio)

April 29, 2020
Episode 8: Sleuthing out house price vulnerabilities
John Pasalis, President and Broker of Record of Realosophy Realty Inc. Brokerage
Or read a brief write-up of the session
(see his full bio)

April 28, 2020
Episode 7: Looking at the horizon for construction after the lockdown
Richard Lyall, President Residential Construction Council of Ontario
Or read a brief write-up of the session
(see his full bio)

April 23, 2020
Episode 6: Getting back to work in a changed world
Flavio Volpe, President, Automotive Parts Manufacturers' Association
Or read a brief write-up of the session
(see his full bio)

April 22, 2020
Episode 5: Inside the federal government's response to the pandemic
Francesco Sorbara, Member of Parliament
Or read a brief write-up of the session
(see his full bio)

April 21, 2020
Episode 4: The shape of the recovery for the Canadian technology sector and economy
John Ruffolo, Co-Founder and Vice-Chair, Council of Canadian Innovators
Or read a brief write-up of the session
(see his full bio)

April 16, 2020
Episode 3: Volatility strategies for a more volatile market
Bill Webb & Ryan Marr of Waypoint Investment Partners
Or read a brief write-up of the session
(see his full bio)

April 15, 2020
Episode 2: On the ground in Canada's mortgage industry
Albert Collu: M3 Financial Group - President Mortgage Operations
Or read a brief write-up of the session
(see his full bio)

April 14, 2020
Episode 1: Positioning bond portfolios for offence and defence
Philip Mesman: Picton Mahoney - Partner, Lead Portfolio Manager and Head of Fixed Income
Or read a brief write-up of the session
(see his full bio)