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Dan Kent

Co-founder of StockTrades.ca and co-host of The Canadian Investor podcast, covering Canadian equities and investing strategy.

Oct 4, 2026

0:00
Hey, good morning everybody.
0:02
That bumper is really short.
0:04
I was not quite ready.
0:05
It was like those adventure movies where the hero slides beneath the closing door just in time.
0:11
So, a little grandiose, but it wasn't quite like that, but similar in a sense.
0:17
Anyway, I'm Dan.
0:53
Before any of it went wrong, what did betting actually give you and your dad?
0:59
That's a good question.
1:00
[laughs] Um, me and my dad were very, very close, and I'd say betting itself gave us a way to bond.
1:12
Growing up, it was the only kind of relationship we had, right from when I was really young.
1:20
Um, we'd go to, like, horse racing meetings together.
1:24
We'd go in the casinos together, even...
1:28
Well, when I was 18, we went in the casinos together, but even in...

21 MINS LATER

22:08
But take me back to that conversation with your mom.
0:00
Good morning, everybody.
0:02
My name is Dan Kent, I'm a teaching pastor, and I'm so excited to kick off our next Revelation series.
0:10
On Revelation chapter 23, right? Isn't that what? No? Oh, bummer.
0:15
I'm in denial, obviously.
0:17
No, we are kicking off a new series called Real to Real.
0:21
And note the spelling, R-E-E-L to R-E-A-L.
0:00
Good morning, everybody.
0:01
Good morning.
0:03
My name is Dan Kent.
0:03
I'm a teaching pastor and all that that entails, which is not much.
0:08
It's this, basically.
0:09
That's what that entails.
0:00
Good morning, Woodland Hills.
0:02
It's so good to see everybody here on a 4th of July weekend.
0:07
I did not expect this many people here.
0:09
I thought the numbers would be smaller, but I know the truth from personal experience.
0:16
The kids who stayed after school for extra credit were the troublemakers.
0:21
So that's...
0:00
Good morning, Woodland Hills.
0:01
Good morning.
0:02
That bumper is so dramatic.
0:05
I feel like the anti-climax, you know.
0:08
But that being said, I am very excited about this message today because we are in the final weeks of the book of Revelation.
0:18
It's been a long journey.
10:10
... a case for owning those CDRs.
10:12
Yeah.
10:13
It's...
10:13
The main reason is the hedging cost.
10:15
So these products are not inherently bad, but they have costs because CIBC hedges them.
10:20
So the issue with this is if your time horizon is long, currency fluctuations tend to just level out.
10:27
So for example, let's just say these CDRs existed and you bought one 10 years ago.

17 MINS LATER

28:01
Mm-hmm.

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