March 9, 2021
We had an interesting and engaging meeting today with a considerable amount of discussion regarding our present utilities holdings and the impact of debt to equity as interest rates rise, as they will do eventually.
We also discussed topics for future meetings and the depth of discussion we now have using Zoom as opposed to meeting in person. (Access to the internet via Zoom vs paper and presentations at Fairfield).
We discussed that Ottawa plans to announce a $2.7 billion fund to electrify Canada’s public buses. This may affect NFI (which we hold) as well as Nova Bus Inc, Lion Electric Co. and GreenPower Motor Co., all Canadian manufacturers of electric buses and trucks.
Presentations today:
David MacDonald – Capital Power (hold decision on purchasing)
Eric Fines – Air Canada, Jets and Restaurant Brands
Tim Sulisz – Utilities
Decisions Made:
Sell Innergex
Emera
Buy 200 shares of Restaurant Brands
Cash Position – We want cash available to purchase new finds. However, we did not make a decision regarding how much we want to hold.
To Do
Nancy to review Stantec next month
Tim to review our bank holdings
Linda to research Ontario Securites Commission re a speaker or relevant on line discussion.
Probus Club of Kingsway-Islington 