After BCE cut its dividend in mid-2025, investor capital rotated into TELUS as the next high-yield alternative. In this episode, we examine whether TELUS is now facing the same fate or whether the comparison is flawed.

We break down the key differences between TELUS and BCE at the point of stress, focusing on free cash flow coverage, leverage, capital intensity, growth outlook, and management execution. While TELUS’s dividend remains uncovered today, improving free cash flow and contributions from capital-light segments such as TELUS Health and TELUS Digital differentiate it from BCE’s deteriorating position prior to its cut.

We also discuss the specific scenarios that could force a dividend reduction, including stalled tech-segment growth, regulatory pressure, and prolonged share-price weakness, as well as one recent management move that raises concerns around signaling.

In the second half, we shift to silver and explain what is driving the recent price surge. We cover CME margin hikes, record physical delivery requests, backwardation, U.S.–Shanghai price divergence, China’s new export restrictions, and silver’s addition to the U.S. critical minerals list. The conclusion: this is primarily an industrial and geopolitical supply story, not a monetary hedge narrative.

Tickers discussed: T.TO, BCE.TO, PSLV, PAAS, AG, HL, CDE, WPM, SIL, SILJ

New to investing? Check out these episodes:

Investment Accounts Simplified and 5 Stocks on Our Radar

Apple Podcast

Spotify

Web player

3 Things to Do Before You Invest a Single Dollar

Apple Podcast

Spotify

Web player

8 simple ways to Save and Have More Money to Invest

Apple Podcast

Spotify

Web player

Investment Accounts Simplified and 5 Stocks on Our Radar

Apple Podcast

Spotify

Web player

Check out our portfolio by going to Jointci.com
Our Website
Our New Youtube Channel!
Canadian Investor Podcast Network Twitter: @cdn_investing
Simon’s twitter: @Fiat_Iceberg
Braden’s twitter: @BradoCapital
Dan’s Twitter: @stocktrades_ca

Want to learn more about Real Estate Investing? Check out the Canadian Real Estate Investor Podcast!

Apple Podcast - The Canadian Real Estate Investor 

Spotify - The Canadian Real Estate Investor 

Web player - The Canadian Real Estate Investor

Asset Allocation ETFs | BMO Global Asset Management

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After BCE cut its dividend in mid-2025, investor capital rotated into TELUS as the next high-yield alternative. In this episode, we examine whether TELUS is now facing the same fate or whether the comparison is flawed.
We break down the key differences between TELUS and BCE at the point of stress, focusing on free cash flow coverage, leverage, capital intensity, growth outlook, and management execution. While TELUS&rsquo;s dividend remains uncovered today, improving free cash flow and contributions from capital-light segments such as TELUS Health and TELUS Digital differentiate it from BCE&rsquo;s deteriorating position prior to its cut.
We also discuss the specific scenarios that could force a dividend reduction, including stalled tech-segment growth, regulatory pressure, and prolonged share-price weakness, as well as one recent management move that raises concerns around signaling.
In the second half, we shift to silver and explain what is driving the recent price surge. We cover CME margin hikes, record physical delivery requests, backwardation, U.S.&ndash;Shanghai price divergence, China&rsquo;s new export restrictions, and silver&rsquo;s addition to the U.S. critical minerals list. The conclusion: this is primarily an industrial and geopolitical supply story, not a monetary hedge narrative.
Tickers discussed: T.TO, BCE.TO, PSLV, PAAS, AG, HL, CDE, WPM, SIL, SILJ
New to investing? Check out these episodes:
Investment Accounts Simplified and 5 Stocks on Our Radar
<a href="https://podcasts.apple.com/ca/podcast/the-canadian-investor/id1534655273?i=1000740195960">Apple Podcast</a>
<a href="https://open.spotify.com/episode/6vk2GB6llAEd8I5Eh2LY8V?si=9f7da4ca539342e6">Spotify</a>
<a href="https://thecanadianinvestorpodcast.com/podcast/the-canadian-investor/episode/the-beginners-guide-to-investment-accounts-and-5-stocks-on-our-radar">Web player</a>
3 Things to Do Before You Invest a Single Dollar
<a href="https://podcasts.apple.com/ca/podcast/the-canadian-investor/id1534655273?i=1000739102413">Apple Podcast</a>
<a href="https://open.spotify.com/episode/0jLvTupp8jTDGWSrNjsRdL?si=564518d66d5944b6">Spotify</a>
<a href="https://thecanadianinvestorpodcast.com/podcast/the-canadian-investor/episode/3-things-to-do-before-you-invest-a-single-dollar">Web player</a>
8 simple ways to Save and Have More Money to Invest
<a href="https://podcasts.apple.com/ca/podcast/the-canadian-investor/id1534655273?i=1000737067273">Apple Podcast</a>
<a href="https://open.spotify.com/episode/4kdp2Ca5ck0oFhKmNLMhiC?si=7f66e2d72dfd471a">Spotify</a>
<a href="https://thecanadianinvestorpodcast.com/podcast/the-canadian-investor/episode/8-simple-ways-to-save-and-have-more-money-to-invest">Web player</a>
Investment Accounts Simplified and 5 Stocks on Our Radar
<a href="https://podcasts.apple.com/ca/podcast/the-canadian-investor/id1534655273?i=1000740195960">Apple Podcast</a>
<a href="https://open.spotify.com/episode/6vk2GB6llAEd8I5Eh2LY8V?si=a464dc7b0e144f69">Spotify</a>
<a href="https://thecanadianinvestorpodcast.com/podcast/the-canadian-investor/episode/the-beginners-guide-to-investment-accounts-and-5-stocks-on-our-radar">Web player</a>
<a href="http://jointci.com">Check out our portfolio by going to Jointci.com</a>
<ul>
<li aria-level="1"><a href="https://thecanadianinvestorpodcast.com/">Our Website</a></li>
<li aria-level="1"><a href="https://www.youtube.com/@TCIPodcastNetwork">Our New Youtube Channel!</a></li>
<li aria-level="1">Canadian Investor Podcast Network Twitter:<a href="https://twitter.com/cdn_investing"> @cdn_investing</a></li>
<li aria-level="1">Simon&rsquo;s twitter:<a href="https://twitter.com/Fiat_Iceberg"> @Fiat_Iceberg</a></li>
<li aria-level="1">Braden&rsquo;s twitter:<a href="https://twitter.com/BradoCapital"> @BradoCapital</a></li>
<li aria-level="1">Dan&rsquo;s Twitter: <a href="https://twitter.com/StockTrades_CA">@stocktrades_ca</a></li>
</ul>
Want to learn more about Real Estate Investing? Check out the Canadian Real Estate Investor Podcast!
<a href="https://podcasts.apple.com/ca/podcast/the-canadian-real-estate-investor/id1634197127">Apple Podcast - The Canadian Real Estate Investor&nbsp;</a>
<a href="https://open.spotify.com/show/6wcDGtXn8Pa7K02l2Ujd3g?si=1299096c533f4894">Spotify - The Canadian Real Estate Investor&nbsp;</a>
<a href="https://thecanadianinvestorpodcast.com/podcast/the-canadian-real-estate-investor">Web player - The Canadian Real Estate Investor</a>
<a href="https://bmogam.com/ca-en/products/exchange-traded-funds/asset-allocation-etfs">Asset Allocation ETFs | BMO Global Asset Management</a>
Sign up for <a href="http://fiscal.ai">Fiscal.ai</a> for free to get easy access to global stock coverage and powerful AI investing tools.
<a href="https://www.eqbank.ca/?utm_source=TCI&amp;utm_medium=podcast&amp;utm_content=desc">Register for EQ Bank</a>, the seamless digital banking experience with better rates and no nonsense.

The Podcast For Canadian Investors.

The podcast features in depth discussion around individual stocks and various investing strategies while incorporating the nuances of Canadian investment vehicles.

Show hosts Braden Dennis and Simon Belanger bring both experience, fresh takes, well-researched information and entertainment to an investing podcast for Canadians.

The Podcast For Canadian Investors.
The podcast features in depth discussion around individual stocks and various investing strategies while incorporating the nuances of Canadian investment vehicles.
Show hosts Braden Dennis and Simon Belanger bring both experience, fresh takes, well-researched information and entertainment to an investing&nbsp;podcast&nbsp;for Canadians.

The Canadian Investor

The Podcast For Canadian Investors.

The podcast features in depth discussion around individual stocks and various investing strategies while incorporating the nuances of Canadian investment vehicles.

Show hosts Braden Dennis and Simon Belanger bring experience, fresh takes, well-researched information and entertainment to an investing podcast for Canadians.

The Podcast For Canadian Investors.
The podcast features in depth discussion around individual stocks and various investing strategies while incorporating the nuances of Canadian investment vehicles.
Show hosts Braden Dennis and Simon Belanger bring experience, fresh takes, well-researched information and entertainment to an investing podcast for Canadians.