0:00: Introduction

2:04: Ernest's trip to a CCL Industries plant

8:48: CCL Industries' recent acquisition in the Middle East

10:47: A review of the TSX this year and comparisons to American stock exchanges

16:33: Why we own specific Canadian stocks, and whether currency makes a difference

18:42: What Ernest pays attention to in the market

19:38: Feature Discussion: National Bank's acquisition of Canadian Western Bank

22:15: Why National has done better than other Canadian banks

23:47: Why National acquired CWB

26:08: National Bank's strengths and opportunities

29:28: National Bank's avoidance of weak-points in the Canadian economy

In this week’s episode Barry and Ernest review National Bank’s rationale for offering to acquire Canadian Western Bank. They also discuss the recent under-performance of the TSX vs. S&P 500 and Nasdaq and why they are still finding attractive opportunities in Canada.