0:00: Intro

1:06:The role of fixed income in portfolios through history

7:49: Why we keep bond duration short

9:53: The attractiveness of fixed income today

13:22: Outlook for Canadian preferred shares

16:18: The under-performance of dividend paying stocks

19:56: Why we sold TD Bank

23:26: Why we sold the Canadian telecoms

27:02: Dividend sectors/names where we're seeing value today

With Barry on vacation, Ernest and David Baskin chat about the role of fixed income in a higher rate environment including bonds, preferred shares, and our outlook for dividend-paying stocks.