Attendance:
Members
· Frank Alison, Jim Boyko, Gordon Brown; Basil Dias; Courtney Fisher; Dave hardy , Saifoo Lau , Avrum Liederman; Peter Masson; Mike Mushet; Arthur Retnakaran; Barry Smith; Ger Wengler; Cynthia Lai
Guests
· Mike Conway; Dorothy Evans ( something to do with Basil); Nadia Heys (store Front) ; . Cheryliane Gomes (Precious Blood Catholic School) Sameer Dhawan, a Petro-Canada retailer and husband of Madhavi.
Anthem: Peter
Grace: Basil
Toast: Barry
Announcements:
Gerd Wengler “I have more cheques for the club” 2 x $1000 cheques.
Barry and Sameer presented a cheque for $4100 for Precious Blood School to Cheryliane.
Marbelous draw
Conducted: by Arthur
Drawn by: Principal Cheryliane
Won by: Peter
Result: $4 … not quite the $70m the guy in Brampton got
Sergeant at Arms: Dave Hardy
Happy Bucks…
· Many happy people …maybe something in the water.
Guest Speaker; Jim Boyko Introduced By : Gerd Wengler
Thanked by: Mike Mushet
Jim our own “Oracle of Scarborough ” with a recap of predications for 2019 & new ones for 2020
He has been doing this now for over 20 years & it all started to celebrate the Ukrainian Christmas.. who knew.
Some of the highlights…
2019 …
· Some right, some not so right
· Sports … Maples leafs passed 1st round – wrong … its still 1967 and counting ,
· Raptors in the finals - yes but thought would lose – wrong – go raptors !!!
· Superbowl New Orleans -- wrong
· Politics
o Ontario … Doug Ford uncertainty and conflict – yes… makes you kind of miss seeing Rob Ford on the Jimmy Kimmel show
o Canada …Trudeau wins minority – yes
o USA … Trump not impeached – wrong
o Rest of the world … China and Russia still seeking world domination – yes
· Economy would slow down & markets would be flat – wrong
· Investments pics
o Apple a few years ago… Dave Hardy say thanks
o Right on almost all his 2019 pics..
2020
Sports
· Leafs make playoffs, but only cup to be had will be the ones they are wearing
· Raptors make playoffs ..but no Khawi so no “Larry OB”
· Blue jays …who cares… still a few years away
· Superbowl… one of the 4 team left will win.. picking Kansas City …
Politics
· Same Old Doug Ford
· Will there be a Canadian federal election, minority could fall at any time, not likely.
· USA … Trumps stays and gets re-elected… here’s hoping the world get a better deal this time
· Rest of world … UK – uncertainty; China – government still wants to control everything, good trade deal with USA to make Trump look good; China / Russia competing to see who is # 1 in the world domination business
Trends
· Climate change
· Middle east –continue blowing themselves up
· Debt – USA now has 24 trillion in debt…lot of zeroes -- trying entering that on your calculator
Picks
· Slow economic growth / house prices stay flat
· CDN $ stay the same
· Unemployment up a bit
· Interest rates & inflation remain low
· Oil … stays in the $60 range
· Stock market ..sees staying flat or down –advises to be defensive
· Stock picks
o Veran Technology
o Well health Technology
o A&W Revenue Fund… who doesn’t like a frosty rootbeer.
Barry thanked Jim and concluded the meeting.