RE:AmazingThank you for the summary 859 as I was too lazy to listen in.
1) If the US listing comes to pass, the irony will be delicious. The big 5 banks in Canada like to call National Bank a "regional bank" when their own stock market - the TSX - the one they control - is the very definition of regional.
2) There is a wealth effect of sorts for US publicly listed companies. I believe for example that Lululemon's business was greatly helped by being listed on NASDAQ as it gets talked about on CNBC, etc...when they have good results (the basic premise of the stock market is positive news, the more the merrier). More people buy their stuff and buy their stock.
3) Its the first time I hear them talk about free cashflow application alternatives - acquisitions, dividends, buybacks - other than simply reducing the debt. I'm a bit stunned (in a good way) to be honest.
4) My Cassandra comment for today is that I was listening to a pundit on CNBC and he was saying that a lot of the economic strength down south is because of the stock market aka the wealth effect. So if there is a correction in the stock market (I think its inevitable, just don't know when), then this could affect orders for luxury goods like business jets. So personally, I'd still like to see an acceleration of debt reduction somehow.
Anyway, a very good day.