The Peak Daily: Recent Episodes

The Peak / Curiouscast

Fast Canadian business news. Get up-to-speed quick with a fun and smart breakdown of the three biggest Canadian and global business stories in less than 10 minutes.

Sponsored in part by Moneris - Check out their Yes, We Are Open Podcast at yesweareopenpodcast.com

Apple held its latest product event yesterday, dubbed “Wonderlust,” to pitch shiny new toys they hope will help them navigate unusually choppy waters. The federal government is rolling up the welcome mat for international students (and maybe sticking it in storage for a while). In an effort to offset the environmental impact of its business (and its founder’s 417-foot, US$500 million superyacht), Amazon is getting into the carbon capture game. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

Canada’s delegation to the G20 Summit is finally on its way back home after proving that in this country, no one is safe from flight delays. Like any of us in hour four of a Monopoly game, the US government wants to put an end to it all. You all already know that tobacco companies were responsible for one major global health crisis, but what if we told you they were actually responsible for two of them? Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

China and Russia’s leaders may have decided to skip this year’s G20 gathering in New Delhi, but everyone else managed to get along just fine without them. Heading west for a gold rush? So 19th century. It’s 2023: Miners these days want to hear about lithium “in dem thar hills.” The latest job numbers are in, and they’re sending more mixed signals than a crush who likes all of your Instagram stories but won’t answer any of your texts. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

A who’s who of global leaders are landing in New Delhi as the annual G20 Summit starts tomorrow… or later today if you factor in the time difference. Imagine this: You’re a company, and your second-biggest market, which generates almost a fifth of your revenue, suddenly enacts a partial ban on your products. Cars are packed to the gills with technology these days, leading to various problems like production shortages, rampant theft, and now, major privacy concerns. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

Canadian mortgage balances are making like a gym bro and getting swole.The newest location of Canada’s largest bookstore is set to offer a lot more than books. Robots have never been welcome on the internet—think of all the crosswalk photos waiting to stump us in a CAPTCHA—but that’s never been more true in an era of web scraping bots. Like two mismatched cops assigned to work the same case in a cheesy action movie, Shopify and Amazon have set aside their differences and become frenemies. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

Google and Microsoft are duking it out to become the provider of AI tools for your office. Montréal is famous for its bagels, poutine, and… apartment-swaps? The emergency alerts you get on your phone are facing fierce criticism, and not just because they frequently scare the living daylights out of you with that blaring siren sound. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

As the West and China’s geopolitical relations grow tenser than our vocal cords during a big podcast recording, academic relations are also under strain. As the labour market slows down, the “job-hopping generation” is deciding to stay put. Here are our early predictions for what will be hot in 2024: Lavender mocktails, tube tops, middle-distance running, aaand rampant cybercrime. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

Ever played SimCity and thought it might be fun to try your hand at creating a city from scratch in real life? You aren’t alone: A growing cohort of entrepreneurs backed by deep-pocketed financiers are giving it a whirl. A scientific breakthrough could shed light on some of the biggest threats facing men's health. How are scores of Americans trying to lose weight affecting Danish monetary policy? The answer isn’t as complicated as it may seem. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

The exact causes of the plane crash believed to have killed Russian warlord Yevgeny Prigozhin have not been found, but there are plenty of theories beyond bad turbulence. Like Carlos Alcaraz at Wimbledon this year, Nvidia’s recent performance has launched it into household name status. Today, in unsurprising news, dumping nuclear wastewater into the ocean is controversial. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

An exclusive economic club between Brazil, Russia, India, China, and South Africa is officially open for new members. Cold drinks are hot right now, and it’s all because Gen Z thinks they’re totally mother… are we using that right? Québec didn’t waste any time shooting down the fed's latest proposal for tackling the housing crisis. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

Like vinyl records, lunar exploration is a 1960s fave that’s back in a big way. For anyone who tries to get by with only **speaking English on vacation, Meta has introduced new technology that could help you keep the ball rolling. For sale: One lightly used sandwich chain. Price tag: About ten billion dollars. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

In today’s episode of ‘Canadian housing gone wrong’: A 2021 Montréal bylaw meant to lead to the construction of over 1,200 new social housing units has produced zero. In the first five months of the year, overall global fine art sales have dropped by 14% compared to the same time last year, while sales at the Big Three Auction houses (Sotheby's, Christie's and Phillips) dropped a whopping 20%, per Artnet. Folks bitten by the travel bug are running into a major problem this year: Travelling is freakin’ expensive! That’s why tourists are shifting to under-the-radar destinations. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

British Columbia introduced travel restrictions and expanded evacuation orders over the weekend as wildfires continue to rage in the province, but officials expressed optimism yesterday that fire crews were turning the corner in the battle to contain the blazes. Big Tech may not have any interest in complying with Canada’s recent attempts to regulate them, but the European Union is having more luck. Yesterday, Spain beat England 1-0 in the FIFA Women’s World Cup final, topping off a tournament that has continued to break records. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

Someone call Ramit Sethi from Netflix’s How To Get Rich, because Canadian cities need financial rescuing. Looking to cut back on drinking? There’s an app for that. It’s been about a year since a pair of US laws triggered a flood of incentives for investments in clean energy production and semiconductor manufacturing. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

More Germans could soon be putting down the stein of pilsner in favour of der marihuana-zigarette as the country approaches recreational weed legalization. You’re probably already letting AI autocomplete your sentences or choose what you watch next on Netflix… but would you lean on a chatbot to give you life advice? Are you a lonely heart? Do you have some serious cash burning a hole in your pocket but aren’t famous enough to get on Raya? Well, now you’re in luck. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

With a new mandate to cut billions in federal spending, cabinet members might have to skip the icebreakers and head straight to the whiteboard at their team retreat next week. You can now add ‘higher prices’ to the list of reasons to put off your next visit to the dentist, alongside ‘awkward small talk’ and ‘pointy tools.’ We regret to inform you that it’s finally time to talk about Donald Trump’s legal troubles. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

Nearly nine months after the release of ChatGPT, Canada is progressing toward increasing safety and transparency around generative AI. With rents hitting record highs and the school year incoming, start-ups are helping students find rooms where they can live, study, and hang posters of Quentin Tarantino movies. Waters in Nova Scotia were glowing pink last Thursday, and no, it wasn’t a viral marketing stunt for Pepto-Bismol or an alien menace that crash-landed into the sea. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

Nothing quite says romance in the year 2023 like sending sweet nothings to an AI chatbot. In the past month, Canadians have broken Guinness World Records for the deepest underwater model photoshoot (6.4 metres), most pancakes served in eight hours (17,182 flapjacks) and, most impressively, the largest dinosaur costume dance party (1,187 costumed dinos). The US is stepping up its effort to cripple China’s advanced high-tech sectors. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

Good luck, indeed. As we enter the final day of ticket sales for Taylor Swift’s Eras Tour shows in Toronto, we wish luck to anyone trying to snag a ticket… but also caution you not to get your hopes up. What happens in Vegas stays in Vegas… unless it's at this weekend’s AI hacking competition in the City of Sin. The US is stepping up its effort to cripple China’s advanced high-tech sectors. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

Whom amongst us hasn’t spent a little too much on something we really wanted? The federal government certainly has on its newest pipeline. If you’ve ever wanted to hear Iron Maiden sing Taylor Swift’s “Shake it off,” you may soon be in luck. While here in Canada we contend with eye-popping price increases, on the other side of the world, people in China are facing a different pricing problem: Deflation. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

With one year to go until the 2024 Paris Olympics, the event’s budget has already ballooned to €8.3 billion, up from an estimated €6.8 billion in initial costs. Thinking of extending the long weekend without taking time off work? You’re not alone. There’s nothing like waking up after a long weekend to learn that while you were busy throwing small bean bags onto a wooden board for points, scientists were making history. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

With one year to go until the 2024 Paris Olympics, the event’s budget has already ballooned to €8.3 billion, up from an estimated €6.8 billion in initial costs. Thinking of extending the long weekend without taking time off work? You’re not alone. There’s nothing like waking up after a long weekend to learn that while you were busy throwing small bean bags onto a wooden board for points, scientists were making history. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

Wind and solar are the fastest-growing sources of electricity in the world. Too fast, if you ask Alberta. Many contests over the years have been dubbed the “Fight of the Century,” but Walmart vs. Amazon might live up to that hyperbole, at least on the e-commerce front. TikTokers (who else?) have found a “natural” alternative to Ozempic in berberine, a chemical found in plants like barberry and goldenseal. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

Fitch Ratings has downgraded America's credit rating from the highest-possible “AAA” to a meagre “AA+”... just like its northern neighbour. “Four-score and seven years ago, I snagged a great deal on Marketplace!” In space, no one can hear you scream… about how great your business venture is going! Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

Saudi Arabia may have been snubbed by soccer superstar Kylian Mbappé, but it can keep its head up knowing that its foray into mining is taking off. Is your ‘type’ an accomplished tech professional with a six-figure salary? Then you might have to battle it out with Canada’s immigration office. Aliens: Terrifying threat from beyond the stars… or untapped economic opportunity? Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

Saudi Arabia may have been snubbed by soccer superstar Kylian Mbappé, but it can keep its head up knowing that its foray into mining is taking off. Is your ‘type’ an accomplished tech professional with a six-figure salary? Then you might have to battle it out with Canada’s immigration office. Aliens: Terrifying threat from beyond the stars… or untapped economic opportunity? Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

A new train system launching today in Montreal is set to reshape how people get around the city—and could become a proof of concept for a new way of building infrastructure elsewhere in the country. The Associated Press might’ve been the first news outlet to cut an AI licensing deal, but they made sure they weren’t giving OpenAI an early-bird discount. In Central America, El Salvador’s president has become more popular than the Pope—and no, it’s not because he decided to make Bitcoin legal tender. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

Canada’s top high-end winterwear brand (that’s named after an aggressive northern waterfowl) is tapping into the growing consumer desire to get thrifty. Inflation is cooling across the Western world, but don’t grab your party hats just yet. Like a friend who tells you their birthday bash is going to be the wildest party ever, Tesla is facing accusations of over-exaggeration. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

Almost 80% of Canada’s ministers are new or in a new role… all with the hopes of making a dent in the country’s most pressing issues ahead of the next election. According to a new TD Economics report, Canada's historic population growth risks exacerbating the country’s biggest problem areas. As the demand for experiences like travel, movie passes, and concert tickets soars, companies are taking advantage by leaning into ‘dynamic pricing.’ Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

In one of the most significant rebrand in the history of rebrands, Twitter is now X. Like baggy clothes and country music, zoning laws are having a moment this year. Since time immemorial, our eyes have had one use: To see things. Now, they finally have a higher purpose… generating crypto tokens! Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

Riding the comeback wave this year are cargo pants, vinyl records and… cruises? To keep emergency rooms open, hospitals are dropping stacks on private nurses. Forget crypto, the new get-rich-quick strategy is playing pro soccer in Saudi Arabia. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

Get ready to cross some more squares off your extreme weather bingo card, because El Niño is here. If you followed in Jay Z’s footsteps and locked up some expensive bottles of wine as a retirement investment, you might be looking for a refund right about now. In addition to adding oat milk and Aperol Spritzes to their in-flight menu, Air Canada is making moves to add more sustainable aviation fuel (SAF). We don’t really do clickbait here, but… click to watch 488 good dogs. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

Two of the year’s biggest films, Oppenheimer (about the father of the atomic bomb) and Barbie (about, well, Barbie), are out in theatres and making for an unlikely double feature. Google is taking a break from its fight with Canadian publishers to showcase its brand-new toy for journalists: An AI helper. The Mounties appear on the verge of a major shakeup—and no, it doesn’t involve ditching the iconic Red Serge jackets and campaign hats. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

At the age of 156, Canada is going through a rebellious phase. Who’s leading the return-to-office resistance? It’s not ‘entitled’ millennials, but their bosses. The world’s biggest rodeo isn’t all barrel racing and politicians flipping pancakes but an opportunity for Calgary to lure residents and investors to the city. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

Temperatures are still hot, but at least inflation is cooling. After years of losing talent to the US (also known as ‘brain drain’), Canada is now looking to lure back some of those workers. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

As Canadian wildfires place millions of Americans under air quality advisories again this week, get ready for our southern neighbours to get mad at us all over again. If you ask US Treasury Secretary Janet Yellen, the debt problems facing low-income countries are a problem for the global economy. Nike is calling it quits on a 20-year relationship with Hockey Canada. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

Somewhere Dolly Parton must be celebrating because the 9-to-5 could be history, new data suggests. Companies may be cutting back on employee perks, but top executives have been a notable exception. Don your Kangol hat, crack open a Foster’s, and prepare to say “g’day mate,” because Australian leaders are coming to Canada. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

After nearly two weeks of striking, the union representing BC port workers reached a tentative four-year deal with employers to re-open Canada’s westernmost ports. For the first time in 63 years, Hollywood actors and writers are striking at the same time. It’s an almost unheard-of event driven by the unprecedented advances of AI and streaming. Looking to buy a car? With prices like these, we’d recommend walking. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

Tiff Macklem and the Bank of Canada (BoC) did what everyone expected and raised Canada’s overnight interest rate by 0.25% up to 5%—the highest since 2001. On this season of The Canadian Bank Bachelorette, 177-year-old Laurentian is looking for that perfect deep-pocketed suitor to give it the final rose. Canada has reportedly launched one of the first-ever probes into Nike’s alleged use of forced labour abroad. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

Another rate decision brings T-Mack back into the hot seat. What do Earth’s lower atmosphere and Canada’s major highways have in common? Humanity could soon enter a new geological epoch, and it all starts in Canada. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

Like an uncertain bride and groom, Canada’s two biggest newspaper publishers got cold feet and have off called their wedding. The economic costs of Canada’s wildfires are starting to pile up. Today marks the start of a two-day NATO summit where leaders will discuss the day’s most pressing issue: ~~Barbie vs. Oppenheimer … I mean~~ … Ukraine’s odds of joining the alliance. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

Tesla’s grip on EV charging is tightening, with Mercedes-Benz reaching a deal to access Tesla’s Supercharger network and adapt its vehicles to its charging standard. Apple’s mixed-reality Vision Pro headset is coming next year, but getting your hands on one will be a bit more complicated than picking up a new iPhone. Somebody should reboot Baywatch, because we need something, anything to motivate people to become lifeguards. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

Getting ahead in the green transition doesn’t come cheap… just ask the government. Meta’s new Twitter competitor, Threads, debuted yesterday and… it’s a hit A Saskatchewan court ruled that a thumbs-up emoji (👍) can be a valid confirmation of a contractual agreement after finding a farmer liable for breach of contract. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

Mark Zuckerburg is ready to rumble… and no, we’re not talking about the cage flight that may or may not happen against Elon Musk. After only the US, Canada sees more tornadoes than anywhere else on Earth… and they might be getting stronger. More and more CEOs are taking notes from the show Undercover Boss as they shed their suits and experience, first-hand, what it’s like working for the companies they manage Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

A union representing BC port workers has extended their long weekend until further notice. Hey, want to build houses? Asking for our friends in the construction industry. While you were busy firing up the grill on Saturday, new clean fuel rules quietly came into effect. We're looking to learn more about YOU! Please click the link below to take part in a short survey and get entered into a draw to win a $50 Visa Gift Card: https://tinyurl.com/TPDTS Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

Canada is learning the hard way that when a tech giant makes a threat, you best believe ‘em. A cyberattack on Suncor has left the company and its customers looking for answers. The biggest artificial intelligen…sorry, technology event in Canada has drawn to a close. We're looking to learn more about YOU! Please click the link below to take part in a short survey and get entered into a draw to win a $50 Visa Gift Card: https://tinyurl.com/TPDTS Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

In what would be the most shocking comeback since Michael Jordan returned to the NBA (pick either time that it happened), bankrupt crypto exchange FTX wants a fresh start. Wage growth in Canada has been flying high this year, to the point where it has actually outpaced inflation. But new data from Indeed suggests it could be coming down to Earth. Can you name anything scarier to Meta than the EU right now? We’ll wait. We're looking to learn more about YOU! Please click the link below to take part in a short survey and get entered into a draw to win a $50 Visa Gift Card: https://tinyurl.com/TPDTS Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

A new round of inflation data shows that rate hikes are slowing down the economy, but it’s too soon to start celebrating just yet. Canada’s marquee tech conference is descending on downtown Toronto this week, and we were there live to cover it. The most-anticipated release of the summer just dropped: The Competition Bureau’s report on Canadian grocers. We're looking to learn more about YOU! Please click the link below to take part in a short survey and get entered into a draw to win a $50 Visa Gift Card: https://tinyurl.com/TPDTS Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

The cost of raising a roof is going through the roof. Have you heard about INS018_055? No, it’s not the name of Grimes and Elon Musk’s newest child. It’s a potentially groundbreaking AI-designed drug. While “supreme court decision” might sound like a pretty big deal for most people, it’s just another day in the life of the world’s biggest footwear brands. We're looking to learn more about YOU! Please click the link below to take part in a short survey and get entered into a draw to win a $50 Visa Gift Card: https://tinyurl.com/TPDTS Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

When your colleagues ask what you got up to this weekend, you can say “Much more chill than Vladimir Putin’s, that’s for sure.” You thought Loblaws selling 37$ chicken breasts was bad? Canada Bread is kindly asking you to hold its beer. Most of us use AI chatbots for mundane, daily tasks like drafting memos or meal planning. But in India, they’re giving the nation’s poorest populations a leg up. We're looking to learn more about YOU! Please click the link below to take part in a short survey and get entered into a draw to win a $50 Visa Gift Card: https://tinyurl.com/TPDTS Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

Elon Musk and Mark Zuckerberg have agreed to a cage fight. No, this is not a story from an abandoned April Fool’s edition. You thought Loblaws selling 37$ chicken breasts was bad? Canada Bread is kindly asking you to hold its beer. Even though it’s making headlines, lab-grown chicken is the least of the plant-based meat industry’s concerns right now. We're looking to learn more about YOU! Please click the link below to take part in a short survey and get entered into a draw to win a $50 Visa Gift Card: https://tinyurl.com/TPDTS Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

With its air supply gone, the worst-case scenario has likely been realized for the five people aboard the missing Titan submersible. The UN’s top financial body just finished up a trip to Canada and has some friendly advice on how to handle green investments. Today in not-so-sweet news, the price of your favourite grocery impulse buy is on its way up. We're looking to learn more about YOU! Please click the link below to take part in a short survey and get entered into a draw to win a $50 Visa Gift Card: https://tinyurl.com/TPDTS Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

Big Tech is learning (the hard way) that the internet isn’t one big free for all. You’ve probably heard of Ozempic—the diabetes drug that has become a fave of celebs and border-hopping Americans for its weight loss capabilities—because it’s literally everywhere. Twin box office flops this past weekend involving pillars of modern moviegoing—Pixar and superheroes—paint a concerning picture for studio execs trying to get butts in theatre seats. We're looking to learn more about YOU! Please click the link below to take part in a short survey and get entered into a draw to win a $50 Visa Gift Card: https://tinyurl.com/TPDTS Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

New Zealand’s housing prices have crashed harder than a toddler after a sugar rush. Paris’ other headline-grabbing show—the Paris Air Show—begins this week. Only in this event, guests are leaving with 500 Airbus jets instead of Louis Vuitton’s summer collection. About a year into their bare-knuckle brawl against inflation, the world’s central banks have found themselves playing the least fun game of ‘would you rather’ ever. We're looking to learn more about YOU! Please click the link below to take part in a short survey and get entered into a draw to win a $50 Visa Gift Card: https://tinyurl.com/TPDTS Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

Cancer rates among people aged 25 to 29 have increased faster than any other age group over the past three decades, a new analysis by the Financial Times showed. The world may be ramping up defence spending, but Canada is in no rush to dole out more cash for the military. Besides displacing thousands of people, polluting the air, and making New Yorkers mad at us, Canadian wildfires could also start driving up our insurance premiums. We're looking to learn more about YOU! Please click the link below to take part in a short survey and get entered into a draw to win a $50 Visa Gift Card: https://tinyurl.com/TPDTS Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

According to the UN’s 2022 World Drug Report, seizures of methamphetamines are on the rise. The latest of these huge meth busts comes with a rather ridiculous Canadian twist. If someone owes you a fat stack of cash, now might be a good time to check if they’re still good for it… especially if you happen to be a Canadian financial institution. If you were disappointed by the new grocer “code of conduct” for being light on details around how the new rules would actually be enforced, this might be some welcome news. We're looking to learn more about YOU! Please click the link below to take part in a short survey and get entered into a draw to win a $50 Visa Gift Card: https://tinyurl.com/TPDTS Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

Sweden’s annual core inflation rate fell just 0.2% last month, a notably smaller drop than analysts expected. Experts now have one irreplaceable theory for why this happened. Right now, AI research and development is kind of like the Wild West, but a hotshot sheriff named the EU just rode into town to lay down the law. Just six months after Toyota’s CEO expressed he was, let’s say, less gung-ho for electric vehicles than other carmakers, the company has entered the scene in a big way. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

One of the world’s least efficient cargo ports is now facing the unimaginable: Becoming even less efficient. Everyone and their mother has an AI chatbot these days, and everyone's favourite provider of reasonably-priced middle-tier furniture is no different. Love is Blind fans may never forgive Netflix for the outage that spoiled the live reunion, but the company is ready to venture back into live programming… only this time, with sports. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

Reddit is facing a revolt from some of its most popular subreddits. In the biggest cornfield contest since Field of Dreams, Canada is joining the US in a trade complaint against Mexico over the country’s restrictions on genetically modified corn imports. A pilot pay bump that was supposed to solve WestJet’s labour retention issues and stabilize operations has resulted in the company shutting down its budget airline, Swoop. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

The cryptocurrency sector is facing an existential crisis courtesy of Uncle Sam. Apple may have its Vision Pro, but Meta CEO Mark Zuckerberg has a vision of his own. (That is the one and only time we will use that joke—promise!) Today in news that you will not find shocking, a drink called Hype Sauce may not be a totally healthy beverage choice.. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

The Peak has agreed to sell to ZoomerMedia for an aggregate purchase price of $5 million, the companies announced yesterday. Few experiences are more nightmarish than booking a rental car. Long lines, endless paperwork, and ending up in a 2004 PT Cruiser despite asking for a 2018 Honda Civic. A Chinese e-commerce app that promises to let you “shop like a billionaire” has rocketed up to #3 on Canada’s App Store charts. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

Missy Elliott once asked, “Beep beep, who got the keys to the Jeep?” These days, the answer to that question is too often, “sophisticated international crime syndicates.” While it’s pretty amazing we’ve got to the point where artificial intelligence can think critically and come up with solutions out of thin air, it can also be a pain in the behind. There are few guarantees in life: Death, taxes, and your relatives angrily sharing news articles on Facebook. And even that last one might soon disappear. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

Like the Blue Jays in 92/93, the US Securities and Exchange Commission (SEC) has gone back-to-back. Back-to-back with crypto lawsuits, that is. The Canadian Open kicks off tomorrow at the scenic Oakdale Country Club in Toronto. However, the competition is taking a backseat to some much bigger golf news. Looking for office space? Well, you’re in luck. There’s a lot of it on the market right now. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

Stellantis looked at the subsidies Volkswagen was offered for its Ontario electric vehicle (EV) battery plant—the total could end up hitting $13 billion—and said, “Hold my beer.” Someone has figured out a use for QR codes that isn’t totally frustrating (looking at you, restaurants with digital-only menus). Shopify employees were once known for their loyalty and reverence for the company, but that was before people started getting fired. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

Elon Musk took a quick break from social media stardom to shift back to mad scientist mode, claiming that chips will start being implanted into human brains in as little as six months.You won’t be surprised to hear that Canada’s big banks are raking in cash during a positive earnings season, but some are doing unusually well and have higher interest rates to thank.These days you can’t answer your phone or open your email without being bombarded by scams, but LinkedIn is determined to make sure you can still confidently accept that invitation to join your colleague’s professional network without the same concerns.Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TOThe Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

Happy Spotify Wrapped Day to all who celebrate! And apologies to all who don’t (hey there, Apple Music users) because your Insta stories are about to give you some major FOMO.Tough economic times mean that consumers have to take a good, hard look at what they buy, limiting purchases to only the essentials like groceries, rent, and… snowmobiles?Financial responsibility is becoming more attractive as cheap dates are the latest dating trend.Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TOThe Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

RBC is already the country’s largest bank by assets ($1.71T), but just because you’re the biggest doesn’t mean you can’t get even bigger by buying HSBC. Nestlé isn’t the first company that comes to mind when you think of Big Pharma. And considering how their rollout of a new allergy drug is going, it’ll probably stay that way. While you’re using DNA testing services to explore your neanderthal ancestry, the police are using the same data to solve crimes. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

It’s been an up-and-down year for streamers as they struggle to diversify revenue streams. Now a radical, unprecedented idea has come to the fore: Playing movies in movie theatres. In the face of rising crime rates in Mexico, more Mexicans are looking to pack their bags and head north of the border… aaaand north of that border. Workers may want to stay remote, but employers want them in the office—and more job postings insist on just that, making fully remote (and sought after) gigs harder to come by. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

The public inquiry into the use of the Emergencies Act to break up convoy protests earlier this year has officially come to a close. Starting in January, profits from sales of homes occupied for less than a year will be 100% taxable as income—barring exceptions like death or work relocation. When insurance giants listed “climate change” as their biggest concern in a recent survey, they probably didn’t expect the headache that protests against climate change would bring. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

Canadians are projected to spend 13% less on gift-giving this year as they save money for essentials, but that doesn’t necessarily mean Black Friday will be a total bust for retailers. Dentalcorp, Canada’s largest consolidator of dental clinics, has launched a review of its business to determine how to best “unlock shareholder value,” to which one answer could be “just sell the thing.” Canada is projected to be short 44,000 physicians by 2028, with family doctors accounting for 72% of the deficit, per a recent report by RBC Economics. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

Just a few days into the 2022 World Cup, feats of athleticism from the world’s best soccer players have been largely overshadowed by controversies and bold acts of defiance. The pain of rising interest rates is starting to spread across the housing market, and more people may soon find themselves facing larger monthly mortgage payments. Mercedes is now charging a US$1,200 annual subscription fee for drivers of its EQ models to gain access to faster acceleration and better performance capabilities, a feature that the vehicle already comes fully equipped with. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

Meta’s Oversight Board, an independent body that judges the company’s most high-stakes content moderation cases, just made a decision that could change how the company moderates content. In 2017, the government launched its National Housing Strategy to create more affordable housing, which includes a sub-plan aimed at cutting chronic homelessness in half by 2028. Canada’s biggest private unions are looking for some of the largest pay gains seen in a generation to make up for the damage inflation has inflicted on consumer purchasing power. Five years in, are the feds any closer to this goal? The short answer: No one knows. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

The International Bureau of Weights and Measures (BIPM)-the group that quite literally decides what time it is-voted to abolish the leap second. On December 1, a new law comes into effect guaranteeing ten paid sick days a year for employees in federally-regulated industries like banking, telecoms, and air transport. Several major biotech players are moving fast to develop obesity drugs to snag their share of a market that analysts say could be worth US$50B annually by 2030. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

If you log onto Twitter these days, the vibe is akin to what we imagine being on the deck of the Titanic was like, you know, riiiight after it hit the iceberg. Qatar spent ~US$300 billion (roughly 6.8 Twitters) on World Cup 2022, making it the most expensive FIFA contest ever. A disastrous presale of tickets for Taylor Swift’s upcoming tour has landed Ticketmaster (and its parent company Live Nation) in hot water with an army of Swifties—and (only a slightly more powerful force) the US Justice Department. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

According to a guy that’s seen the darkest side of the corporate world, the fallen crypto exchange FTX is the worst of it all. Last month Indonesia floated the idea of a so-called “OPEC for nickel”. Now, it’s shopping around for partners to make this cockamamie dream a reality. At the top of its list? Canada. You probably know that it rains a lot in Vancouver. What you might not know is that Canada’s grain supply chain essentially comes to a screeching halt every time the skies open up there. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

Is it the beginning of the end of Canada’s real estate downturn? RBC thinks so. Cult-favourite note-taking platform Notion launched a private alpha test for its newest product, Notion AI, which can generate written content with a single prompt. Canada is ill-equipped to detect ships in its Arctic waters, and the country’s Auditor-General is pointing fingers at the federal government for not doing enough to address the problem. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

The Bank of Canada (BoC) is on track to give “monetary tightening” a whole new meaning by losing between $5 billion and $6 billion over the next few years. As Black Friday rears its head, the world’s largest retailer is showing signs that the doom and gloom facing the retail sector this year may have been (at least a little) overhyped. A former researcher who worked in its electric batteries unit at Hydro-Quebec has been accused of collecting trade secrets and passing them on to China. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

More Canadians than ever want to get behind the wheel of an electric vehicle (EV), but most won’t be able to plant their butt in a driver’s seat anytime soon. Still have some spare CERB money kicking around? Why not bring together your closest billionaire friends and buy a professional hockey team? Not long after warning of a slowdown around what is usually a busy holiday season, Amazon has become the latest company to cut jobs to brace for a potential economic downturn. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

After becoming the first company to lose US$1 trillion in market value (yes, ever), Amazon is taking a long, hard look at its business, because something ain’t right. Elon Musk held his first meeting as the company's CEO, fielding questions from staffers and dropping several off-side comments, like saying “there’s a good chance” Twitter will not survive the economic downturn. After scrambling to drum up money to fix a cash shortfall of US$8 billion, FTX filed for what will be the biggest US bankruptcy this year. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

Cost-cutting is the name of the corporate game these days, and WeWork is no exception. Just a few months ago, text-to-image AI seemed like super-futuristic tech reserved solely for hardcore researchers. Now, it’s available for free on one of the most popular design apps. In the wee hours of Thursday morning, NASA launched JPSS-2—its newest satellite, which joins a global observation system analyzing the Earth’s weather patterns. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

Keurig Dr. Pepper invested US$50 million for a minority stake in Athletic Brewing, a leader in the booming non-alcoholic craft beer market. Picture this: The reality TV show “Love is Blind,” but for your personal dating life. The Big Tech carnage continued as Meta laid off 13% of its workforce (~11,000 workers), in the largest staff reduction in the tech industry this year. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

Live from The Peak’s Bet on Canada Summit in Toronto! Retirees used to spend their time sunning in Florida. These days, they’re going back to work. The federal government will dish out money to fix provincial healthcare—hooray! And just like that, one of the world’s most valuable cryptocurrency exchanges has fallen. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

Executives at Airbnb want you to know they have, in fact, read all your angry tweets about out-of-control cleaning fees, and that they’re listening and learning. Canada’s proposed Online Streaming Bill Canadian is starting to make creators sweat. Americans head to the polls today, which means that by tomorrow there will be a crop of kooky new congresspeople that may or may not keep you awake at night. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

In exchange for not seeing the sun after work until spring, you’re now getting an extra hour of sleep—and the odds are, that’s something you desperately need. Unilever, the multinational giant that owns brands like Ben and Jerry’s and Dove, is the biggest corporation yet to give a big thumbs up to the four-day workweek. China’s president Xi Jinping has gone from having “concerns” over the war in Ukraine to telling Russia to knock it off with the nuclear threats. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO Join us for a live recording of The Peak Daily at the Bet on Canada Summit on November 8th. Buy tickets here: https://readthepeak.com/events/bet-on-canada-2022 The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

Over 55,000 Ontario education workers, including early childhood educators, educational assistants and custodians, are set to walk off the job today. The government served up its annual Fall Economic Statement, including a declining deficit as the main, and risks around Canada entering into a recession as a side. As the world becomes increasingly like a sci-fi novel, new devices are letting the human body do things that once seemed impossible. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO Join us for a live recording of The Peak Daily at the Bet on Canada Summit on November 8th. Buy tickets here: https://readthepeak.com/events/bet-on-canada-2022 The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

The US Federal Reserve raised interest rates by 75 percentage points, bringing its benchmark rate range to 3.75%-4% and effectively making any type of debt (mortgages, credit cards, auto) a little bit pricier. Less than a week into his tenure as “Chief Twit” turned “Twitter Complaint Hotline Operator,” Elon Musk is moving quickly to make his mark on Twitter by revamping its business model. The latest version of the Google wildfire warning system will introduce machine learning models trained on satellite data to improve fire tracking and detection in real-time and better predict how they spread. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO Join us for a live recording of The Peak Daily at the Bet on Canada Summit on November 8th. Buy tickets here: https://readthepeak.com/events/bet-on-canada-2022 The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

The Adidas-Kanye West split meant the death of Yeezy: The immensely popular and influential line of shoes the controversy-mongering rapper designed for the company. That’s potentially bad news for the sneaker resale market (projected to be a US$30 billion industry by 2030) and for those touting sweet kicks as a burgeoning asset class. Toronto-based TouchBistro, a software provider for restaurants, is breezing though a market downtown that has left venture capitalists holding their dollars close to their chest. The feds just flicked on a big, bright, buzzing “OPEN” sign with a new three-year immigration plan aimed at getting skilled workers into the country to address the ongoing labour crunch. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO Join us for a live recording of The Peak Daily at the Bet on Canada Summit on November 8th. Buy tickets here: https://readthepeak.com/events/bet-on-canada-2022 The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

From squashing presidential term limits to picking fights with Taiwan, a lot is going on in China these days... so much so that we almost forgot about the zero-COVID crackdowns. Canadians are starting to feel the economic crunch as the Bank of Canada continues to try and combat inflation that’s more stubborn than a toddler before naptime. Italian alcohol giant Campari paid US$600 million for a 75% stake in bourbon-whiskey maker Wilderness Trail to expand its reach in the booming whisky market. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO Join us for a live recording of The Peak Daily at the Bet on Canada Summit on November 8th. Buy tickets here: https://readthepeak.com/events/bet-on-canada-2022 The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

First came “The Great Resignation”. Then there was “quiet quitting” (and the reaction, “quiet firing”). Countless stories about workers checking out from their job over the past year—either literally, or just mentally—painted a bleak picture of the modern workplace, but one that new data suggests bears little relationship to reality. After what felt like thousands of years (but was really just a few months) Elon Musk, finally, officially, and with no-take-backs, owns Twitter... now here comes the fun part. A supercharged US dollar (USD) is beating up weaker global currencies like a schoolyard bully and leaving central banks scrambling to find a solution. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO Join us for a live recording of The Peak Daily at the Bet on Canada Summit on November 8th. Buy tickets here: https://readthepeak.com/events/bet-on-canada-2022 The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

In the midst of a healthcare workers shortage, Canada's nurses are heading south of the border. From exercising organs to “hacking” menstrual cycles, there’s a ton of terrible medical advice on the internet… which is why YouTube is moving to certify channels of licensed professionals like doctors, nurses, or therapists who produce health-related content. Household wealth in Canada dropped by ~$900 billion in Q2 of this year according to RBC economists-the largest quarterly drop on record-driven mainly by a tumbling housing market. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO Join us for a live recording of The Peak Daily at the Bet on Canada Summit on November 8th. Buy tickets here: https://readthepeak.com/events/bet-on-canada-2022 The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

The Bank of Canada surprised markets with a smaller-than-expected interest rate hike of 0.5 percentage points yesterday (bringing its policy rate to 3.75%), below the 0.75 percentage point hike most economists had forecast. Deepfakes are growing in popularity with small brands to generate buzzy content featuring celebs without having to shell out endorsement money, per The WSJ. On Monday, NASA’s new team dedicated to researching unidentified aerial phenomena (UAPs, formerly known as UFOs) will begin its sci-fi-sounding work. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO Join us for a live recording of The Peak Daily at the Bet on Canada Summit on November 8th. Buy tickets here: https://readthepeak.com/events/bet-on-canada-2022 The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

Remember when Europe faced those “unprecedented risks” to its natural gas supply earlier this month? That was then. Now, the continent is basically swimming in it. Canadian pot grower Canopy (+23.5%) has purchased three pot companies south of the border (Acreage, Wanna, and Jetty’s) to form a brand new American business arm. Tech giants Microsoft and Alphabet are kicking off a week packed with earnings, during which investors are sitting tight for indicators about the state of the broader economy. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO Join us for a live recording of The Peak Daily at the Bet on Canada Summit on November 8th. Buy tickets here: https://readthepeak.com/events/bet-on-canada-2022 The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

Saudi Arabia’s Future Investment Initiative (FII) kicks off today, with the who’s who of international finance meeting in Riyadh to talk shop, despite the icy chill hanging over Western relations. As Canada Blood Services (CBS) deals with decade-low donation levels, the nation’s blood supply administrator hopes paying people to get jabbed will get more veins through the door. About half of Ontario students are not meeting the provincial math standards of a B grade, according to the province’s Education Quality and Accountability Office (EQAO). Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO Join us for a live recording of The Peak Daily at the Bet on Canada Summit on November 8th. Buy tickets here: https://readthepeak.com/events/bet-on-canada-2022 The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

If Snap’s earnings are any indication of how social media companies are faring right now, the answer is: Not well, not well at all. The G7 price cap on Russian oil imports set to start December 5 has been touted as the biggest step yet in defunding the Russian war machine. But experts aren’t so sure. The battle between blue and green bubbles is about to get a whole lot uglier as cars evolve into drivable devices. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO Join us for a live recording of The Peak Daily at the Bet on Canada Summit on November 8th. Buy tickets here: https://readthepeak.com/events/bet-on-canada-2022 The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

After six weeks in office (the shortest tenure for a British prime minister), Truss was forced to resign in the wake of economic turmoil caused by her disastrous “mini-budget”. In today’s normal, nothing-to-see-here news: VIA Rail is adding ‘buffer cars’ to its oldest passenger trains to absorb impact in the event of a crash. Tomorrow’s draw for the 2023 Women’s World Cup will decide the tourney’s first-round matches, but what remains undecided is who’s going to broadcast them. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO Join us for a live recording of The Peak Daily at the Bet on Canada Summit on November 8th. Buy tickets here: https://readthepeak.com/events/bet-on-canada-2022 The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

After a rocky year of subscriber losses and investor doubt, Netflix is back with ambitions bigger than a season premiere of Stranger Things. The annual inflation rate slowed to 6.9%, down from 7% last month, mostly thanks to falling gas prices, but is still above what most experts expected. The core inflation rate (which excludes energy and food prices) actually rose to 5.4% from 5.3%. In the global race for top talent, governments are bending over backwards to attract the world’s most-desirable ex-pats with fancy new super visas and generous tax incentives. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO Join us for a live recording of The Peak Daily at the Bet on Canada Summit on November 8th. Buy tickets here: https://readthepeak.com/events/bet-on-canada-2022 The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

Friendshoring is on the rise as Western countries start shifting trade to friendly partners to cut dependence on totalitarian regimes, most notably China and Russia. Goldman Sachs, one of the world’s most important financial institutions, is restructuring its business to streamline work and improve its digital offerings. Meta is selling Giphy after UK regulators ruled that its ownership of the popular GIF platform restricts consumer choice and hurts competition both in the ad and social media markets. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO Join us for a live recording of The Peak Daily at the Bet on Canada Summit on November 8th. Buy tickets here: https://readthepeak.com/events/bet-on-canada-2022 The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

Canada’s biggest grocer announced it is freezing prices on all of its No Name products (over 1,500 items) until the end of January 2023, per The Globe and Mail. When the NHL kicked off its season last week, fans were quick to notice the addition of digitally enhanced dasherboards (DEDs) on rink boards, with some taking to social media to air their grievances around the “hard-to-watch” animations. There’s a new app you need to know about so you don’t feel hopelessly out of touch next time you’re around teens: It’s called Gas, and it’s rocketing up the download charts despite only being available in a few US states right now, per The Wall Street Journal. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO Join us for a live recording of The Peak Daily at the Bet on Canada Summit on November 8th. Buy tickets here: https://readthepeak.com/events/bet-on-canada-2022 The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

Embattled British PM Liz Truss made (another) U-turn yesterday, firing her top finance official, Kwasi Kwarteng, and reversing plans to slash corporate taxes. Weather forecasts have always been unreliable (the atmosphere is changing constantly), but as the weather becomes even more unpredictable, sports leagues, airlines, and even militaries are turning to private forecasters. If you’re looking to move up the ranks at your company, you might just want to find a new one, according to a new study that found what you do isn’t as important as who you do it for. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO Join us for a live recording of The Peak Daily at the Bet on Canada Summit on November 8th. Buy tickets here: https://readthepeak.com/events/bet-on-canada-2022 The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

US core inflation hit a four-decade high last month, which, to be clear, is the opposite of what Jerome Powell & Friends need to prove their plan to cool the economy and achieve a “soft landing” is working. Canada is famous for many things: Poutine, hockey, ketchup chips—and high, high prices. According to The National Post, Canadians are paying a serious premium for products, including mobile plans, grocery hauls, and some basic services. It’s already put a dent in Meta’s advertising business, and now TikTok is preparing to take on a bunch of other Western tech giants with a push into music streaming and e-commerce. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO Join us for a live recording of The Peak Daily at the Bet on Canada Summit on November 8th. Buy tickets here: https://readthepeak.com/events/bet-on-canada-2022 The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

Canada-based Cameco and Brookfield Asset Management’s renewables division have buddied up to buy nuclear company Westinghouse Electric for US$7.9 billion amid a global frenzy to find climate-friendly alternatives to Russian energy, per The Wall Street Journal. Meta is betting that companies will pay $1,500 for the company’s new Quest Pro virtual reality headset, in its push to bring the metaverse to the corporateverse. Experts believe there are now tens of thousands of skilled immigrants waiting in limbo to get approved for permanent residence visas who may be forced to leave the country when their temporary work permits expire. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO Join us for a live recording of The Peak Daily at the Bet on Canada Summit on November 8th. Buy tickets here: https://readthepeak.com/events/bet-on-canada-2022 The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

Seven months into the Bank of Canada’s rate hike spree, some Canadians are already taking to their local parks to protest higher interest rates on their mortgages. Dream job alert: Get paid millions of tax-free dollars to help design a gleaming city of the future from the ground up. There’s only one catch: Your employer is the Kingdom of Saudi Arabia, and that city is Neom, the brainchild of Crown Prince Mohammed bin Salman. The world’s largest toy company is starting to play in the $1 trillion education business. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO Join us for a live recording of The Peak Daily at the Bet on Canada Summit on November 8th. Buy tickets here: https://readthepeak.com/events/bet-on-canada-2022 The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

Hockey Canada has officially lost every last one of its top-tier corporate sponsors after Nike suspended its 23-year partnership with the organization Have you been spending time in the metaverse? No? That makes you, everyone else you know, and even Meta's own employees. Six years after the release of the Panama Papers, it’s not clear if the government has collected any tax-evasion-money hidden in Central American offshore accounts. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO Join us for a live recording of The Peak Daily at the Bet on Canada Summit on November 8th. Buy tickets here: https://readthepeak.com/events/bet-on-canada-2022 The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

Six companies, including the famous Boston Dynamics (BD), pledged not to weaponize or support the weaponization of their robots, and urged others to follow suit. A nurse, an accountant, and an engineer walk into a province. They all get jobs. That’s one of several cheeky ads, paid for by the government of Alberta, taking over Canada’s busiest transit stations lately. It’s all part of a $2.6M “Alberta is Calling” campaign, which aims to lure skilled workers to the province with affordable housing and high wages. The feds are going to take a long, hard look at Canada’s biggest grocers to see if they’ve been stocking lies and deception alongside meats and produce in their stores. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO Join us for a live recording of The Peak Daily at the Bet on Canada Summit on November 8th. Buy tickets here: https://readthepeak.com/events/bet-on-canada-2022 The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

Starting today, you might see a new surcharge on your receipt when you tap your plastic. Businesses in Canada are now allowed to pass credit card processing fees onto customers. OPEC+, the Middle Eastern energy cartel that accounts for 40% of the world’s oil supply, agreed to cut its collective output by 2 million barrels a day or roughly 2% of global output. Wannabe McKinsey consultants and Bay Street executives are starting to realize that in today’s red-hot labour market, an MBA might be nothing more than a nice-to-have. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO Join us for a live recording of The Peak Daily at the Bet on Canada Summit on November 8th. Buy tickets here: https://readthepeak.com/events/bet-on-canada-2022 The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

Phil Collins and Genesis no longer have publishing rights to their recordings. But they aren’t throwing it all away. They’re the most recent musicians to receive a hefty sum for them. HSBC has launched a review into its Canadian business that could end in a US$9B sale, as the bank faces pressure to ditch less profitable markets to focus on Asia and Europe. After all the bot disputes. The whistleblowing. The texts to Joe Rogan. The poop emoji. After all that drama… Elon Musk might actually end up buying Twitter. For realsies this time. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO Join us for a live recording of The Peak Daily at the Bet on Canada Summit on November 8th. Buy tickets here: https://readthepeak.com/events/bet-on-canada-2022 The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

Francois Legault will stay in power as Quebec’s premier as his centre-right nationalist CAQ party secured a majority government in a cakewalk. Credit Suisse saw a gauge of its credit risk rise to a record high while its stock hit record lows, raising doubts about its financial stability. From Nike, to Walmart, to Canadian Tire, retailers and brands have more merch than they know what to do with as inventories bulge while consumers cut down on their spending. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO Join us for a live recording of The Peak Daily at the Bet on Canada Summit on November 8th. Buy tickets here: https://readthepeak.com/events/bet-on-canada-2022 The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

Canada Post has expanded its MyMoney loan program in partnership with TD Bank to locations across Canada, offering loans between $1000 and $30,000, with approval in as little as 10 minutes. Text messages made public as part of Elon Musk’s court fight with Twitter (along with being highly entertaining) shed insight into his early motivations for buying the business and show how Silicon Valley heavyweights rallied to his cause. Meta—the parent company of Facebook, Instagram, and WhatsApp—plans to reduce its headcount and cut budgets across most teams. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO Join us for a live recording of The Peak Daily at the Bet on Canada Summit on November 8th. Buy tickets here: https://readthepeak.com/events/bet-on-canada-2022 The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

Google announced at its Search On conference that it’s testing updates to Search and Maps that will push its flagship tools in a “visual-forward” direction. An ownership group including NBA superstar LeBron James bought a professional pickleball team that will join Major League Pickleball (MLP) for its upcoming season. Russia will annex four regions in Ukraine today after tightly controlled “referendums” that Kremlin officials claim resulted in 99% of locals voting to join Russia Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO Join us for a live recording of The Peak Daily at the Bet on Canada Summit on November 8th. Buy tickets here: https://readthepeak.com/events/bet-on-canada-2022 The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

Employers have come up with a novel idea to retain and sustain their workforce during these trying times. You may have heard of it. It’s called ‘paying people more.’ IT giant Cloudflare introduced a new breed of CAPTCHA test called Turnstile that promises to reduce the average test time from 32 seconds to one second. A new drug slowed the rate of cognitive decline in Alzheimer’s patients in large-scale clinical trials, according to its developers Biogen and Eisai. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO Join us for a live recording of The Peak Daily at the Bet on Canada Summit on November 8th. Buy tickets here: https://readthepeak.com/events/bet-on-canada-2022 The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

Vancouver-based International Battery Metals claims to have developed a first-of-its-kind mobile lithium mining plant that can extract and process lithium with minimal environmental impact. There’s buyer’s remorse over that late-night Amazon purchase, and then there’s real buyer’s remorse (to the tune of $1 trillion)—the latter is what China is experiencing right now as it tries to salvage its troubled Belt and Road infrastructure initiative. Sweden reported two leaks in the Nord Stream 1 pipeline close to the Danish island of Bornholm, mere hours after Denmark reported a separate leak in the Nord Stream 2 pipeline in the same area. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO Join us for a live recording of The Peak Daily at the Bet on Canada Summit on November 8th. Buy tickets here: https://readthepeak.com/events/bet-on-canada-2022 The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

The International Telecommunications Union (ITU), the UN body responsible for setting global communications standards, will elect its new leader this week—a decision that could shape the future of the internet. The British economy is experiencing some serious turbulence—or an omnishambles, they might say across the pond—as investors give a big thumbs down to the UK government’s new fiscal plan. Sales of plant-based meats have declined over the past year while negative perceptions of the product have increased, per a new Deloite report. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO Join us for a live recording of The Peak Daily at the Bet on Canada Summit on November 8th. Buy tickets here: https://readthepeak.com/events/bet-on-canada-2022 The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

Russia’s decision to mobilize military reserves for the first time since WWII has triggered a crisis, as protests erupt and men flee to neighbouring countries. Block is rolling out out BNPL options on its point-of-sale platform, Square. Canada has joined a new US-led alliance aimed at strengthening ties with Indo-Pacific nations—which include Australia, New Zealand, and dozens of Asian countries bordering the Pacific Ocean, although notably not China or Taiwan. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO Join us for a live recording of The Peak Daily at the Bet on Canada Summit on November 8th. Buy tickets here: https://readthepeak.com/events/bet-on-canada-2022 The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

Canada Jetlines flew its inaugural flight yesterday carrying passengers from Toronto Pearson to Calgary International Airport. The unexpected casualty of Quebec’s new language laws: OtterBoxes. For our last story, Forget maple syrup and Tim’s franchises, the two Canadian exports everyone is clamouring for are critical minerals and natural gas. South Korea is the latest country to express interest. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO Join us for a live recording of The Peak Daily at the Bet on Canada Summit on November 8th. Buy tickets here: https://readthepeak.com/events/bet-on-canada-2022 The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

Congratulations to anyone with a US bank account, because the currency is on a tear. Meet Flippy, Sippy, and Chippy. No, they aren’t knockoff versions of Snap, Crackle, and Pop. They’re a trio of service robots, and they could soon be preparing your fast food order. TikTok is banning accounts for politicians, parties, and governments from asking for donations and from using monetary features like tipping, gifting, and e-commerce. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO Join us for a live recording of The Peak Daily at the Bet on Canada Summit on November 8th. Buy tickets here: https://readthepeak.com/events/bet-on-canada-2022 The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

Canadian consumer prices fell 0.3% last month, the biggest monthly drop in two years. Spotify launched its long-awaited audiobooks feature in the US and will eventually roll it out in all of its markets as it strives to become the one-stop-shop for everything audio. Russian-installed leaders in the occupied Eastern Ukrainian provinces of Luhansk, Donetsk, Kherson, and Zaporizhzhia have announced planned referendums on joining Russia. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO Join us for a live recording of The Peak Daily at the Bet on Canada Summit on November 8th. Buy tickets here: https://readthepeak.com/events/bet-on-canada-2022 The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

Toronto-based video site Rumble, which bills itself as a free speech alternative to sites like YouTube, went public after a successful SPAC merger valuing the company at US$2 billion. While Ukraine’s war efforts have garnered positive results in recent weeks, its economic prospects are looking increasingly bleak as it continues to seek outside help. Porsche, owned by Volkswagen Group, will debut on the Frankfurt Stock Exchange later this month, selling ~25% of its shares with hopes of fetching a valuation of US$75 billion. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO Join us for a live recording of The Peak Daily at the Bet on Canada Summit on November 8th. Buy tickets here: https://readthepeak.com/events/bet-on-canada-2022 The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

If you’ve been on the internet this week, there’s a good chance you already know that the Michelin guide awarded its first Canadian stars to 13 restaurants. Offices are back up and running, but employers are having trouble actually filling them with employees… who remain perfectly fine at home thank you very much. Uber confirmed its internal systems suffered a breach perpetrated by someone alleging to be an 18-year-old. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO Join us for a live recording of The Peak Daily at the Bet on Canada Summit on November 8th. Buy tickets here: https://readthepeak.com/events/bet-on-canada-2022 The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

Patagonia founder Yvon Chouinard, along with his family, gave away control of the ~US$3 billion company to a trust and a nonprofit organization tackling environmental issues. Adobe agreed to buy design software company Figma for US$20 billion in what will be the largest acquisition ever of a private software company if it gets approved. Walmart has launched its Be Your Own Model tool, which uses a user’s full-body photo to simulate the dressing room experience with Walmart fashion finds. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO Join us for a live recording of The Peak Daily at the Bet on Canada Summit on November 8th. Buy tickets here: https://readthepeak.com/events/bet-on-canada-2022 The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

Ethereum, a blockchain platform supporting over 50% of the total value of the decentralized finance industry, is shifting to a less energy-intensive way of validating transactions. Shopify restaffed most of its leadership team during the pandemic, and now the top brass of what was once Canada’s most valuable company isn’t looking very Canadian. European energy executives are doing a little too well these days. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO Join us for a live recording of The Peak Daily at the Bet on Canada Summit on November 8th. Buy tickets here: https://readthepeak.com/events/bet-on-canada-2022 The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

Join us for a live recording of The Peak Daily at the Bet on Canada Summit on November 8th. Buy tickets here: https://readthepeak.com/events/bet-on-canada-2022 As we await the start of Twitter v. Elon Musk (October 17 if you want to mark your calendar) the final pieces are falling into place for the tech trial of the century. The federal government gave small businesses $49 billion in pandemic loans but forgot one crucial part of doling out tonnes of cash: A plan to get it back. Higher-than-expected US inflation numbers have cleared the runway for the Federal Reserve to deliver another big rate hike—a realization that has sent markets into shock. The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

In 2021, 50 million people across the globe were in some form of modern slavery, including 28 million working under forced labour conditions, per a new UN report. If you’re kicking yourself over a bad stock pick recently, we’re here to tell you that even the safest investments are losing money this year. That’s right, a key index tracking global bonds has dropped 16.8% since January. Climate Proof, a coalition led by the Insurance Bureau of Canada, published an open letter calling the federal government’s new climate goals ‘‘vague and distant”. The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

Canada’s unemployment rate is up for the first time in seven months, which means that high interest rates have (done what they do best and) thrown cold water on the red hot labour market. The US Justice Department (DOJ) is accusing Google of paying companies billions each year to remain the default search engine on browsers, illegally. Office of the Superintendent of Financial Institutions (OSFI), which oversees federal mortgage rules, confirmed it will not loosen its borrowing requirements, per Bloomberg. The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

The federal government announced a new three-pronged plan to introduce temporary relief measures aimed at helping low-income Canadians beat back inflation pains. Speaking of the wealthy doing more than their fair share of spending, the superyacht rental business is booming as the well-to-do want to hit the high seas in luxury and comfort. Corporate swag bags may soon become an ancient relic of the past, disappearing with memories of money flowing freely through corporate America’s expense accounts. The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

As expected, the BoC delivered another oversized rate hike, bumping the overnight interest rates up to 3.25% from 2.50% (or 75 basis points, if you’re fancy like that). Apple held its latest product launch event, dubbed Far Out, yesterday, announcing a range of new goodies including the iPhone 14 and the Apple Watch Ultra. Freaked-out investors are pouring money into the US while pulling out of international stocks at a rate not seen since a 22-week run of outflows in 2019, per the WSJ. The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

Record-high natural gas prices are climbing higher, sending inflation soaring across the region. According to the European Commission (EC), fixing prices could be an answer. Despite a year full of big electric vehicle (EV) announcements, Canada has fallen further behind its global peers in the race to electrify the roadways. Canada is the worst-performing G7 nation for reducing corporate sector carbon emissions, per a new study from CDP and Oliver Wyman. The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

G7 nations have agreed to impose a cap on the price of Russian oil imports, despite Russian threats to cut off cold turkey any country that tries to mess with its energy business. The pumpkin spice latte isn’t the only hot arrival at Starbucks this fall. The company is bringing in a new CEO to oversee grand ambitions to modernize its espresso-slinging business. If you’re planning to buy an iPad any time soon, you may want to act fast. The Chinese manufacturing hub of Chengdu (where most of Apple’s tablets are made) is locking down to contain a COVID outbreak, threatening to disrupt supply chains around the world. The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

The US is blocking chipmaker Nvidia from selling some of its advanced products to China, according to the company’s latest filing with the Securities and Exchange Commission. Disney is exploring the creation of an Amazon Prime-like membership, per The Wall Street Journal. A new study from environmental advocacy group Environmental Defence that tested items from Canadian dollar stores found that 25% of them included toxic chemicals like lead, cadmium, and antimony. The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

After a solid two-year run, the Canadian economy might be finally slowing down, growing at an annualzed rate of 3.3% in the second quarter (missing the Bank of Canada’s 4% forecast). In its first three months of operation, iGaming Ontario (IGO) reported over $4 billion in cash wagers placed resulting in net revenue of $162 million split between operators, gaming sites, and the province. Donald Trump’s free-speech-centric Twitter alternative Truth Social has run into financial, legal, and technical issues, which honestly, is about what we expected. The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

BlackBerry’s deal to sell 37,175 of its patents fell apart after the buyer landed US$90M short of the $600M agreed-upon payment, per The Globe and Mail. Canadian housing prices will fall between 20-25% from recent all-time highs by the end of 2023’s first quarter, according to a new report from TD Bank. The world’s richest man is citing a recent whistleblower report filed by Twitter’s former head of security Peiter Zatko as another reason why he should be let out of his US$44 billion deal to buy the bird app. The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

As California experiences its worst drought in 1200 years (no, somehow that’s not a typo), two of North America's largest fruit sellers are looking to Canada to grow their berries. The European Commission confirmed that it’s working on an ‘emergency intervention’ to the continent’s electricity market as prices surge Forget heavy courseloads and unrequited crushes, Canadian post-secondary students have a bigger problem as they head back to school this year: Finding somewhere to live. The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

As streamers continue to navigate a difficult year, Amazon has come up with one simple trick to turn things around: Produce and release the most expensive show of all time. Moderna is suing Pfizer and BioNTech in the US and Germany (where BioNTech is based), claiming that the companies’ COVID shot infringes on patents for key elements of its messenger RNA technology that made its ‘Spikevax’ shot possible. As Canadian regulators start to crack down on crypto companies, the world’s largest cryptocurrency exchange is also facing a $1 billion class-action lawsuit in Toronto. The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

As the consumer price index rises to 7.6% (compared with a year ago) shoppers are flocking to discount retailers… and investors are following closely behind. Get ready for a future where your commute is more crowded and the morning Tim’s line is even longer because Canada is going to have a lot more people. Golfers Tiger Woods and Rory McIlroy have formed TMRW Sports, a new venture partnering with the PGA Tour to drag an old-fashioned game kicking and screaming into the future. The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

It’s been a rough week for markets as we wait for a vibe check on the economy coming out of the Federal Reserve’s annual policy symposium, kicking off in Jackson Hole today. There’s a new trend gaining traction online amongst hoards of disaffected workers: Quiet quitting. And no, it doesn’t mean silently walking out of the office one day, never to return Poor harvests in Brazil may start hitting your wallet where it hurts most: Your daily cup of joe. The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

European economists and business leaders are growing increasingly worried that economic slowdowns in the region’s leading economies could send the eurozone into a difficult recession. After garnering flack earlier this year for trying too hard to be TikTok, Instagram has now set its sights on wanting to be exactly like BeReal, another popular app amongst the Gen Zs. Yesterday, Canada inked a deal to supply green hydrogen fuel to Germany. Sounds great for everyone, right? But what exactly is hydrogen fuel? We break it down. The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

Germany’s chancellor Olaf Scholz has touched down in Canada and is ready to make an energy deal that absolutely does not include Russia. Because arts graduates didn’t have it hard enough already, a proposed merger between publishers may spell trouble for up-and-coming Canadian authors. The UK will deem vehicle manufacturers responsible for the vehicle’s actions while driving, meaning the human co-driver will be free from liability in a crash. The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

Just five months after activist investor Ryan Cohen took on a ~10% position in Bed Bath & Beyond (BBBY), his sudden exit has sent shares spiralling by ~40%. Canada’s top financial regulator has introduced its first-ever framework to **limit the exposure of federally regulated financial institutions, like banks and insurers, to crypto assets (nice!). Starting next year, Lloyd’s of London insurers (which includes Lloyd’s Canada) will no longer offer coverage for state-backed cyberattacks in their policies. The demand for natural gas has soared this year, but producers in Alberta have been unable to capitalize on higher prices (and are seeing billions lost in revenue). The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

The demand for natural gas has soared this year, but producers in Alberta have been unable to capitalize on higher prices (and are seeing billions lost in revenue). Hundreds of thousands of homeowners across 100 cities are banding together and refusing to repay loans on unfinished apartments After a high ride throughout the pandemic, venture capital (VC) funding for Canadian companies has finally come down to Earth. The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

Almost a decade after Zellers left suburban malls across the country sitting empty, Hudson’s Bay Company (HBC) is looking to launch its Canadian discount chain back into relevance. Airbnb is introducing a new weapon in its war against fun and will soon roll out “anti-party technology” on its platform in Canada and the US. Canada’s largest unions are now clapping back at the Bank of Canada, advocating for workers’ bargaining power at a time (they say) they need to make gains. The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

Inflation may have peaked, but still remains “far too high” according to a new op-ed penned by the Bank of Canada (BoC) Governor Tiff Macklem. Pandora announced the launch of its first collection featuring lab-grown diamonds later this month throughout Canada and the US. Canadian officials are pointing to a document recently posted on the White House website that explicitly calls for Canada to be a domestic source for critical minerals as a sign that Canada could see some of the money from President Biden’s landmark climate bill coming it's way. The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

Five US lawmakers decided to visit Taiwan just 12 days after the same trip by US House Speaker Nancy Pelosi prompted China to launch days of military drills around the self-governing island, which Beijing considers its territory WeWork’s Adam Neumann is back with a new company and he just raised $350 million in fundraising from venture capital fund Andressen Horowitz. Some of China’s biggest tech companies including ByteDance and Alibaba disclosed to the government the inner workings of their algorithms—an unprecedented move in the tech world. The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

As Canadian employers face the lowest unemployment rate in decades, they’re moving to fill roles with temporary foreign workers (or TFW, for short) As the post-pandemic wedding boom picks up in Canada, so are bachelor and bachelorette festivities. The only problem? They’ve become more expensive than ever (thanks, inflation). The global food crisis wreaking havoc on the world’s poorest nations is also taking its toll on Canada’s most remote northern communities. The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

The Canada Pension Plan Investment Board (CPPIB) saw its funds drop by 4.2% last quarter or roughly $16 billion—which sounds a lot worse than it actually is. According to the International Energy Agency (IEA), Western sanctions have had a limited impact on Russia’s oil exports, which is also its biggest money maker. The average price of a Canadian home is projected to fall by ~25% by the end of 2023 from all-time highs this past February, per a new report from Desjardins. The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

As a wave of economic uncertainty hits Big Tech, Microsoft is reining in the fun money. Extreme heat and low rainfall are drying up Europe’s rivers which could lead to potentially catastrophic impacts on the US$80 billion river trade contributes to the EU’s economy. And for our last story, La vita isn’t very dolce right now for Domino’s after the pizza chain failed to take off in the saucy dish’s birthplace. The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

Netflix is struggling to build its gaming business as less than 1% of their users interact with them on a daily basis Just when you thought things couldn’t get any worse for Canada’s airlines and airports, the government has launched an investigation into the flight cancellations making headlines. Android users know that there is no greater indignity than being the only green bubble in a friend group of iPhone users. Google is now stepping up to fight this injustice. The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

Japanese technology investor SoftBank reported a record loss of US$23 billion last quarter, after a spending spree that CEO Masayoshi Son described as delirious. Baidu (China’s Google) is the country’s first company licensed to commercially offer fully driverless robotaxis without a human supervisor present through Apollo Go, its driverless ride-hailing platform. Canadian hospital shutdowns that began in small jurisdictions have now spread to the biggest cities as the healthcare system deals with a devastating labour shortage. The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

Canada will ban the import of restricted handguns this month, part of a broader effort to curb gun violence after the country’s deadliest mass shooting in 2019, per The Washington Post. A comprehensive free trade agreement with India would be a mega-win for the Canadian economy, according to a new study commissioned by business groups backing a deal. Amazon is buying iRobot, the maker of the Roomba vacuum and other home robots, for US$1.7 billion. The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

Over 1000 miners in Nunavut could be out of a job come September after receiving termination notices warning that their mine might be forced to shut down as it nears its yearly extraction limit. Italy is close to clinching a ~$5 billion deal with US-based Intel to build an advanced semiconductor (chip) packaging and assembly plant in the country Good news for people whose hands get super sweaty when they grip a steering wheel for too long: GM’s advanced driver-assist system (ADAS) will soon be available on more Canadian highways. The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

After an earnings report more disappointing than a bad date who didn’t even offer to split the bill, Tinder is making some changes and curtailing its metaverse ambitions. If there’s anything we can learn from Nancy Pelosi’s jaunt to Taiwan–specifically, the criticism surrounding it–it’s that the world is pretty freaked out about China right now. If you’re wondering how bad a movie has to be for a studio to not even bother releasing it ask a member of the test audience for “Batgirl” because you’re not going to get a chance to see it for yourself after Warner Brothers shelves it before it was even released. The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

For the first time in the company’s history, Uber reported positive cash flow in a quarter on the back of a record US$8.1 billion in revenue. As last year’s lockdowns drove online spending to new heights, Amazon’s carbon emissions grew 18% from the year before, according to the company’s latest sustainability report. Canadian National Railway is predicting a big rebound for Canadian grain shipments after an off-year and expects to move up to 27 million tonnes of grain for the current crop year—a ~48% year-over-year increase. The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

Tech companies may be struggling, but it’s a great time to be in a more old-school business: oil and gas companies are raking in record profits and earning windfalls for shareholders. US antitrust regulators are suing to block Meta’s purchase of virtual reality startup Within, a move that could seriously hamper the company’s metaverse ambitions and have ripple effects across Big Tech. The debate over we’re in a recession is heating up! The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

DeepMind is releasing an extended database with information for nearly every protein known to science, only eighteen months after introducing the AI behind it. Global natural gas prices are on the rise this week after Russia cut gas flows to Europe in half. The federal government wants to cut fertilizer emissions by 30% by 2030 per its latest climate plan, but farming critics believe that isn’t feasible without producing a lot less food. The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

DeepMind is releasing an extended database with information for nearly every protein known to science, only eighteen months after introducing the AI behind it.

Global natural gas prices are on the rise this week after Russia cut gas flows to Europe in half.

The federal government wants to cut fertilizer emissions by 30% by 2030 per its latest climate plan, but farming critics believe that isn’t feasible without producing a lot less food.

The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

See omnystudio.com/listener for privacy information.

Microsoft is leading a crusade against Amazon’s dominance in the government cloud-computing space and is asking competitors to raise their voices, too.

It’s earnings season and we’re breaking down the numbers from some of the biggest companies.

FTX, the world’s second largest crypto exchange, is eying a purchase of South Korean crypto exchange Bithum as founder and CEO Sam Bankman-Fried looks to continue his shopping spree.

The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

See omnystudio.com/listener for privacy information.

Shopify’s no-good, horrible, very-bad year only got worse after the company announced it was laying off 10% of its workforce, sending shares cratering by ~15%.

Unilever increased prices across its 400 brands, from Dove soap to Hellmann’s mayonnaise, by 11%, as executives try to battle an “unprecedented cost landscape” without losing customers to cheaper alternatives.

The Kardashians aren’t happy about Meta’s moves to make Facebook and Instagram more like TikTok, but not even their clout is powerful enough to stop the pivot to video.

The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

See omnystudio.com/listener for privacy information.

Yesterday, Rogers execs went to the House of Commons, received a stern talking to, explained what went wrong, and laid out some measures to prevent another major outage.

Grocery chains and suppliers have said the government may need to intervene to help create a national code of conduct for the industry, per the Financial Post.

The US Senate has voted to advance a US$280 billion package of subsidies and research funding to raise US technological competitiveness with China.

The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

See omnystudio.com/listener for privacy information.

DALL-E 2, the image generator that took the internet by storm, has become more widely available.

Snap shares fell 35% yesterday after the company reported lacklustre growth and revenue results, despite an increase in daily active users of 18% to 347 million.

Ukraine and Russia signed an agreement to reopen three key Ukrainian ports for the shipment of grain, in an attempt to avoid plunging the globe into a catastrophic food crisis.

The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

See omnystudio.com/listener for privacy information.

Ontario wants Toronto and Ottawa’s mayors to become the country’s first ‘strong mayors’—and no, that doesn’t mean they need to hit the gym.

Facebook-parent company Meta has revamped the Facebook app to make it feel a lot more like you’re browsing TikTok

Within hours of each other, Canada and the US launched trade complaints against Mexican energy policies unfairly excluding foreign firms under the Canada-US-Mexico Trade Agreement (CUSMA).

The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

See omnystudio.com/listener for privacy information.

Canada’s consumer price index (CPI) surged to 8.1% in June, the biggest annual increase in almost 40 years, mostly driven by high gas prices (up 54.6% since last year).

Russia said that the Nord Stream 1 pipeline, Europe’s main gas delivery system, would resume operations today after a scheduled maintenance shutdown, likely at reduced capacity.

The federal government has announced a $2 billion expansion to Canada’s Oceans Protection Plan with one stated initiative to “improve the efficiency and sustainability of Canada’s marine supply chains and mitigate their impacts on the environment.”

The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

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Temperatures in Britain hit 40 degrees for the first time in recorded history and wildfires continued to sweep through Southern Europe, showing the huge economic toll climate change can take.

On the heels of its first drop in global subscribers in more than a decade, Netflix is expected to lose over a million captive eyeballs—the largest quarterly loss in its history.

Canada took the next step in filling in a major blank in its climate plan: How the oil and gas industry is supposed to reduce emissions by 42% by 2030.

The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

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Small business groups are calling on the federal government to change the tax system in order to crack down on multinational companies that are not paying their fair Canadian tax share, in response to some of Amazon’s tactics for tax avoidance coming to light.

As Russia continues to squeeze Europe’s energy supplies (as revenge for siding with Ukraine in the ongoing war), the European Commission is making a plan to cut consumption.

After posting its highest growth numbers for a half since 2010, USD shows no signs of slowing with experts telling The Wall Street Journal it will continue to go up and away for the foreseeable future as global insecurity drives investors to what they see as the safest and stablest currency.

The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

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Travel insurers are seeing jumbo-jet-sized losses thanks to an onslaught of claims from Canadian travellers experiencing flight delays and cancellations. The Bank of Canada (BoC) kind of underestimated just how bad inflation was getting—and is now playing catch-up as it serves up a series of jumbo rate hikes. Long hospital wait times may be the bain of Canada’s health care system, but they’re not unconstitutional according to yesterday’s BC Court of Appeal ruling.

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It’s EVWeek in Canada and to celebrate the government announced funding announcements for ~950 new electric vehicle (EV) charging stations.

Amazon wants to make a deal with EU regulators: The company will limit its use of marketplace seller data and make changes to ‘Buy Box’ rankings, in exchange for a truce (and avoiding a fine worth up to 10% of its global revenue).

Anyone else finally feeling ready for live events again… only to realize your bank account is not? We have the surging price of concert tickets to thank.

The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

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If cheese and milk regularly appear on your grocery list, get ready for higher even bigger bills at the checkout this fall. as two Canadian food suppliers notified grocery stores their dairy products are going to cost more.

Statistics Canada just dropped the latest census data so we thought we’d dig a bit deeper into some of the income data and why it matters to you—and trust me, we’ll make it fun!

TikTok, the app you were probably scrolling through before you started listening to this, announced the roll-out of two new systems that aim to combat a persistent problem on the platform: Inappropriate content.

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As we navigate the Post Rogers Blackout Era (PRBE), the federal government has stepped up to make sure future service shutdowns aren’t so apocalyptic.

Big private equity firms are drilling for value and finding Canadian dental clinics.

At 10:00 AM (ET) the Bank of Canada will kick things off with its decision on the overnight interest rate target.

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There’s a new content creator on the TikTok block: Energy companies.

Ever wonder where all the nastystuff that accumulates on cruise ships ends up? Turns out a lot of goes right into the beautiful waters just off the BC coast, according to a new report examining the cruise industry’s environmental impact.

The latest victim of crashing tech valuations: Buy now, pay later, or BNPL firms.

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~12 million Canadians were affected by Friday’s Rogers network outage and they piled into their neighbourhood Starbucks to wrap up work for the week.

Ireland’s Data Protection Commission is moving forward with a decade-old data transfers complaint against Meta this week, by forwarding a decision to other agencies for review that would crack down on the company’s ability to transfer its data from the EU to the US.

Musk’s bid to buy Twitter is now in “serious jeopardy,” according to a report by The Washington Post—at least if the billionaire has his way.

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Canada’s construction sector is facing a serious labour crunch that’s causing companies to turn down or cancel projects and threatening the long-term prospects of the entire industry.

In a sign that Russia is hunkering down for a long fight in Ukraine, the government is shifting the economy to a wartime footing.

Amazon is betting big on Amazon Live, a livestream shopping feature where influencers can sell products directly to the viewing audience and pocket commissions ranging from 2% to 20% depending on the product

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Home prices around the globe (including in Australia, New Zealand, the US and UK) are on the verge of decline, according to Capital Economics, a research group.

In the case of international trade, longtime pals Canada and New Zealand are bickering over new Canadian dairy policies that are hampering New Zealand’s export ambitions.

Twitter is taking on the world’s largest democracy and suing the Indian government after it was forced to remove content and block dozens of accounts from its platform under India’s internet laws.

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Russia is set to switch off the taps to one of Europe’s largest natural gas pipelines—and Germany is worried!

As students get back to campuses and workers to offices, already overheated rental markets across the counry are starting to feel the heat, with Rentals.ca reporting average monthly rents reaching $1,888 in May (a 10.5% increase from last year).

At least two new things are coming to the 2022 FIFA World Cup in November: Team Canada (we’re counting them as new since they haven’t been there since 1986) and AI technology that will help referees make crucial offside calls.

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The Bank of Canada (BoC) released its newest quarterly surveys on consumer expectations and business outlooks yesterday and one thing was clear: both groups are still hyper-focused on inflation, but not yet panicking about a potential recession.

Some good news in the long fight against supply chain disruptions: After two years of high demand, sales of some semiconductor chips are starting to wane—a development that could cut down on global wait times for the precious product

Zip up those parkas because the crypto winter is getting even chillier, as another major lender in the space has fallen victim to the modern incarnation of a good ol’ fashioned bank run.

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TikTok is once again fighting for its survival in Western markets as it faces growing criticism over its relationship with China’s government and how it handles user data.

We hope the scourge of inflation this year didn’t spoil the long weekend for you, but you might have noticed paying more for pretty much everything you need for a successful ‘BBQ.

Meta, the parent company of Facebook and Instagram, plans to cut hiring and demand more from existing employees as it preps for an economic downturn, according to leaked audio from a company staff meeting.

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Scotiabank, Tim Hortons, Telus, and Canadian Tire have suspended funding for Hockey Canada following the organization’s mishandling of sexual assault allegations against its players.

If you’re a fan of haggling with salespeople at car dealerships, we have bad news: Ford plans to shake up the tried-and-tested dealer model of car sales, using the sale of electric vehicles (EVs) as a testing ground for big changes that could upend the dealer model.

Finland and Sweden finally got the big invite to join NATO they have been waiting for after Turkey dropped its opposition to their membership, setting the stage for the most significant enlargement of the alliance in years.

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The federal government is “doubling down” on its supercluster innovation program, slapping on a fresh coat of paint and publicly reasserting its importance in driving Canadian innovation.

Asset management behemoth Blackstone made it clear it has no interest in investing in single-family homes as part of its expansion into Canadian real estate, but the same can’t be said for other big investors.

If you’re upset your buddy that still owes you $100 for dinner, imagine how the Government of Canada feels about losing out on $23.4 billion in uncollected taxes—that’s how much the Canada Revenue Agency says people and businesses are underpaying to the feds every year.

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On Sunday, G7 nations said they were standing with Ukraine for “as long as it takes” in their fight against Russia. On Monday, they translated those words into action with a plan to cap the price of Russian oil, depriving Vladimir Putin of a key revenue source.

We’ve all heard calls to save the bees and now we might be hearing calls to save the berries too as declining bee populations mean Canadian fruit crops aren’t getting the pollination they need.

The Amazon smart speaker will eventually be able to mimic real people’s voices, including those who are dead

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The rumour about Netflix’s next big move is true and, no, it’s not the one you heard about them bringing back your fave cancelled show (#GLOWSeason4Now): Ads are officially coming to the platform.

Hybrid work may seem like a nice compromise between employers who want workers in seats and employees who’d rather not spend hours commuting every week but CEOs are starting to disagree.

Mover over GameStop, there’s a new meme stock on the block: Revlon, the once-iconic cosmetics brand, has seen its share price soar more than 600% from all-time lows last week. Oh, and did we mention the company is in bankruptcy?

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Amazon has introduced its first fully-autonomous mobile robot designed to safely and easily lift and move large carts around its warehouses, part of a larger effort to automate its sprawling fulfillment centres.

Canadian airlines will soon need to offer customers a refund for cancelled or delayed flights, even if the reason for the disruption is beyond the airline's control thanks to changes to Canada’s Air Passenger Protection Regulations.

Grab a hammer and nails, we’ve got work to do: according to a new report from the Canada Mortgage and Housing Corp (CMHC), Canada needs to build 5.8 million homes by 2030 to make housing affordable again.

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Loblaws has partnered with DoorDash to launch a new rapid grocery delivery service that promises to get customers their fave foodstuffs in 30 minutes or less, available in 12 Canadian cities by the end of August.

Shopify is rolling out over 100 new products and features as the company looks to get a leg-up on its biggest threat, a scrappy young upstart called Amazon.

Inflation jumped to 7.7% last month, up from 6.8% in April and significantly overshooting analyst predictions.

The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

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TikTok announced that Oracle’s cloud servers will be the new home of US users’ data, but a new report from Buzzfeed detailing how state-side user data was repeatedly accessed from China.

Canada’s healthcare system is teetering on the brink of crisis and governments must act swiftly to avoid a full-blown meltdown, according to a growing chorus of top doctors and medical leaders.

Canadian moviegoers checking out the latest blockbuster at Cineplex locations might have another expenditure to contend with besides overpriced concessions as the country’s largest theatre chain introduced a $1.50 booking fee for tickets purchased online.

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Get your metal straws and tote bags ready, because the age of single-use plastic items is coming to an end in Canada as the federal government rolls out its long-anticipated plan to ban disposable plastic items like bags, cutlery, and containers.

Canadian summer camps are struggling to find enough camp counsellors to meet the end-of-school-year rush.

Running low on natural gas imported from Russia, European countries are turning to coal in a bid to lower energy prices and avoid shortages.

The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

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JOIN US AT OUR PEAK DEBATE ON JUNE 27th IN TORONTO: https://readthepeak.com/debates/billionaires-media-democracy

While we’re still reeling from Tim Hortons’ app scandal, unsure if we can ever trust a mobile fast food ordering platform again, the federal government has introduced new laws to crack down on the sort of privacy invasions and data mishandling that landed Tims in hot water.

Canada’s rental housing market is at it again, and by “it” we mean getting much more expensive, and fast— since last year average rents nationwide have spiked by more than 10% to $1,888 per month

FIFA announced that Toronto and Vancouver have been chosen as host cities for the 2026 World Cup in North America, a privilege that could give local economies a big boost.

The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

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A new government report on money laundering in BC revealed that billions of dollars of criminal funds have flowed through casinos, real estate and luxury goods every year

As the government attempts to very quickly pass laws that force digital streamers to follow Canadian content rules, the Senate has made it clear they’re going to take their sweet time reviewing them.

Twitter employees got their first taste of what life might be like once Elon Musk is in charge, as the platform’s prospective new owner joined a staff all-hands meeting yesterday.

The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

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Following a 0.75 percentage point interest rate rise from the US Federal Reserve yesterday (its largest since 1994), Bay street is now putting the probability of an identical hike coming out of the Bank of Canada’s July decision at 80%

Streaming platform Apple TV+ reaches a ten-year, US$2.5 billion deal with Major League Soccer (MLS) to become the exclusive home of all matches.

Unions are leveraging Canada’s record-low unemployment numbers and unprecedented job vacancies to negotiate higher wages (while they can).

The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

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We break down why gas prices across the country have hit record highs.

With over four in five businesses impacted by cyberattacks staying quiet last year, the federal government has introduced a new security bill complete with a new set of reporting requirements for the telecoms, finance, energy, and transport sectors.

Canada is shutting down the national COVID contact tracing app we love to hate after changes to PCR testing regulations rendered it largely useless.

The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

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The TSX re-enters correction territory and S&P falls into bear market as recession fears intensify with rising inflation.

Layoffs and hiring freezes in the US tech sector are creeping into Canada, with some prominent industry figures worried that tech could lose more jobs than during the 2008 financial crisis.

Big oil companies are fleeing Alberta’s oil sands as the industry becomes a villain of the environmental, social and governance investing movement, per Bloomberg.

The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

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BoC Governor Tiff Macklem now says rates may need to move above 3% to tame inflation, putting a rarely seen 0.75% hike on the table for the Bank’s next meeting in July.

The United States may have finally dropped its COVID testing requirements for international travellers, but a combo of flight cancellations, airport backlogs, and labour disputes around the world are likely to make summer travel more painful than usual.

In its never-ending quest to be the home of all things people use their ears to consume, Spotify is now making a push into the audiobooks space.

The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

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Researchers at some of Canada’s top universities will continue to partner with Huawei even after the federal government banned the telecoms giant from the country’s 5G networks.

In its annual Financial System Review, the Bank of Canada warned that high levels of household debt and record-high home prices are the top vulnerabilities that could lead to big problems for the country’s financial system.

The world is running low on semiconductor chips and the most advanced chip manufacturers say they could see shortages running into 2024.

The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

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Politicians in Canada and all over the world are jumping on the idea of seizing Russian assets to help rebuild Ukraine, despite a number of practical and legal hurdles.

Soon you’ll be able to use your Scene card to save on more than just cinema popcorn, as Sobeys’ parent company Empire drops Air Miles to unlock better insights into customer data.

Some of the most recognizable names from the PGA Tour will be missing from this weekend’s Canadian Open, as the Saudi-backed LIV Golf Invitational Series makes its debut in London.

The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

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The price of lumber has bucked the inflation trend by plummeting more than 50% from recent peaks, as people adjust their spending priorities for a post-pandemic lifestyle. From fish-and-chip shops to big corporations, more than 3,300 workers across 70 companies in the UK will work 80% of their hours for 100% of their pay as part of the world’s largest four-day workweek pilot Shopify shareholders have voted in favour of giving CEO Tobi Lutke a special “founder share” that entrenches his control of the company

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Municipal governments across the country, including Winnipeg, Ottawa and Charlottetown are enforcing new regulations to get a grip on the booming short-term rental market, ahead of the busiest summer travel season in years.

Elon Musk threatened to walk away from buying Twitter in a letter that accuses the company of not complying with his request for data on the number of spam and fake accounts on the social media platform

Day One of Apple’s World Wide Developer’s Conference kicked off yesterday with an updated iOS, a buy-now-pay-later service, and two new Macbooks capturing the most attention.

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Amidst rampant inflation and supply-chain disruptions, Canadian dairy farmers feel squeezed to get their products onto grocery store shelves.

Billionaire CEO Elon Musk is feeling "super bad" about the economy and will move to pause hiring and cut ~10% of his Tesla workforce, he said in an email to executives on Thursday.

Canada’s got a bigger productivity problem on its hands that threatens to drag down both business profits and wages.

The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

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Montreal-based Repare Therapeutics has entered a deal (potentially worth US$1.2 billion) with pharma giant F Hoffman La Roche to create a new drug to treat cancerous tumours.

Almost half of Canada’s asset managers, researchers and lenders are “not very satisfied” or “totally dissatisfied” with available company data for so-called “green” investments,

One estimate suggests that inflation has offset two-thirds of the buying power of Canadians after the pandemic

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The Bank of Canada (BoC) is continuing to aggressively hike interest rates to combat high inflation, announcing another 0.5 percentage point raise yesterday to 1.5%.

Canada’s largest employers are now required to report wage-gap data, part of an effort to shine a light on pay discrepancies across the country.

Some of North America’s largest food and drink companies are pledging to limit advertising to children under 13, as increased regulation on the practice looms

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Canadians could soon find it difficult to cool down this summer as lifeguard labour shortages start to impact beaches and pools across the country.

Over four million Canadians who use the Tim Hortons mobile app may have had their day-to-day movements recorded without their knowledge

Job hunters tired of sending out cover letters that may never be read, along with employers tired of reading them, are increasingly turning to work messaging app Slack to connect

The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

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The World Bank ranks the Port of Vancouver the 368th most efficient port in the world, meaning it’s one of the least efficient. The Port Authority boss warns that issues will remain unless a proposed extension is approved.

EU leaders are set to endorse a proposed ban on Russian oil, which makes up 29% of the bloc’s oil imports. The proposal will ban oil transported by tankers, but continue to permit delivery via pipeline.

Frontier, a 592,000 pound machine has been named the world’s fastest supercomputer. But experts say two supercomputers in China, who doesn’t participate in the rankings, might be even faster.

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Natural Resources Minister Jonathan Wilkinson said Canada could start supplying Europe with liquefied natural gas (LNG) by 2025 ahead signalling a new openness to accelerating LNG projects on the East Coast.

The federal government issued a policy that aims to make internet access more accessible and affordable by forcing large telecoms to provide smaller competitors with increased access to their high-speed networks.

The Office of the Superintendent of Financial Institutions (OSFI), Canada’s top financial regulator, has issued a new guideline to ensure financial institutions (like major banks and insurers) can survive potential future climate disasters.

The Peak Daily is produced by 306 Media Productions. Hosted by Alex Blumenstein and Jay Rosenthal.

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The SEC is proposing new regulations of Environmental, Social and Corporate Governance funds amid accusations of greenwashing.

World Bank President David Malpass said it's hard to see how a global recession will be avoided, as the impacts of the war in Ukraine continue to take their toll on the world economy.

With close to US$3 billion of art sold globally in May alone, the art market is sparkling right now as buyers drop serious coin on pieces by legends and up-and-comers, alike.

The Peak Daily is produced by 306 Media Productions. Hosted by Alex Blumenstein and Jay Rosenthal.

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Pfizer announced plans to sell brand-name drugs at not-for-profit prices in low-income countries, starting in Rwanda, Ghana, Malawi, Senegal, and Uganda. Big pharma sees Africa as the last remaining high growth market.

Quebec’s Bombardier has launched a new private jet capitalizing on soaring demands for chartered air travel amongst the world’s wealthiest travellers. The US$78 million jet also comes with all the luxurious trappings you’d expect, including four separate living areas, a meeting room, and a cinema.

Sophisticated hedge fund investors are taking advantage of market chaos, by using advanced computing to predict opportunities.

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Snap’s shares took a 30% tumble after the social media company’s CEO announced it would miss its revenue and profit targets. The revenue slowdown is attributed to economic pressures and ad tech changes.

Airbnb is leaving China, a signal that big western tech has can’t survive in the world’s second-largest economy. The home-sharing company will remove its 150,000 listings, as local competitors take its place.

Canada’s anti-money laundering watchdog is warning law enforcement and the government about the associated risks of decentralized finance, which it claims could pose “money-laundering and terrorist-activity financing risks."

The Peak Daily is produced by 306 Media Productions. Hosted by Alex Blumenstein and Jay Rosenthal.

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Almost a million people in Ontario and Quebec were left without power this weekend as a severe thunderstorm rocked the area. A report from ****The North American Electric Reliability Corporation predicts widespread blackouts this summer.

Joe Biden is launching a new trade agreement with 12 Indo-Pacific countries (and no Canada), in a bid to economically isolate China. The countries participating in the Indo-Pacific Economic Framework (IPEF) make up 40% of the world’s GDP.

Apple is pushing its contract manufacturers to start making its product outside of China. The country’s covid-zero policies have cost Apple, who make 90% of their products in China, $8 billion in Q1.

The Peak Daily is produced by 306 Media Productions. Hosted by Alex Blumenstein and Jay Rosenthal.

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The Canada Pension Plan Investment Board (CPPIB) posted a 6.8% return on investments this past fiscal year, but lost 2.9% last quarter alone amidst global pressure on public equities and stock market selloffs, particularly in China.

As the EU works toward banning Russian energy imports (increasingly unclear what this means anymore in response to the war in Ukraine, China is getting ready to hit the oil equivalent of a warehouse sale.

Globalive announced it has struck a 20-year agreement to access the Telus’ wireless network, which aims to assure that Freedom Mobile, if they acquire it, will be able to offer a quality, cross-country network that could compete with Rogers, Telus and Bell.

The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

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US Soccer scored a big goal for wage equity, reaching a historic equal pay agreement with its men’s and women’s national teams

With ~US$1.6 trillion of cryptocurrency’s market cap wiped out since its November highs, investors, celebrity endorsers, and regulators alike are reckoning with the industry’s increasingly uncertain future

Business bankruptcies in Canada are moving closer to pre-pandemic levels in the first quarter of 2022, jumping ~33% compared with last year

The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

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Horror stories about long wait times at Canadian airports have flooded the news in recent weeks, and now the government is asking airlines to shrink their schedules and cancel planned flights to reduce the stress on airports.

Google claims Canada’s Online News Act would break the internet, but NOT in a good way.

Economists are now predicting that Canadian home prices will drop by double-digit percentages this year as higher borrowing costs (sparked by interest rate hikes) take their toll on the country’s out of control real estate market

The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

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Across the Pacific, New Zealand dairy producers launched a formal complaint alleging dairy tariffs violated the Trans-Pacific Partnership (TPP).

The Alberta government is looking at over 40 new applications for carbon capture, utilization, and storage (CCUS) projects to use underground caverns across the province to store captured carbon.

From bedrooms to fitness centres, hotels are about to get a whole new level of personal. The world’s largest hotel chain is launching a media network to help advertisers target consumers using data drawn from ~182 million annual guests

The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

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India announced a ban on wheat exports over the weekend, a move that threatens to drive up already-high food prices and worsen shortages of key crops caused by Russia’s invasion of Ukraine.

It’s inflation week. We’ll get April inflation numbers on Wednesday, and analysts are forecasting a similar pace of price rises (6.7%) as the previous month. That slowdown in the growth of inflation is welcome news, but the days of stable prices are still likely a ways off.

US airline regulators have rejected Boeing’s application to resume deliveries of its 787 Dreamliner planes to airlines, citing incomplete documentation—a decision that will add to billions in cost overruns for the aircraft manufacturer.

The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

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In the midst of a week packed with inflation concerns, stock market pressures, and the breakdown of popular stablecoins, the volatility of cryptocurrency is on full display.

Canadian seniors are turning to reverse mortgages as they consider new ways to fund their retirement—one private lender, Equitable Bank, saw a 262% year-over-year surge in its reverse mortgage products last quarter.

This time last year it was all cherry blossoms and champagne showers for the globally-recognized Japanese investor SoftBank as the conglomerate saw its biggest net profit, ever. But what a difference a year can make! Yesterday SoftBank posted its worst quarterly loss ever of US$13.2 billion dollars—affirming that the tech stock slump is no joke.

The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

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As more people take advantage of the opportunity to work remotely, extend vacations, or just take a vacation at all, Airbnb has unveiled changes to its platform that cater to longer stays.

Alberta’s highest court has ruled that a 2019 federal environmental impact law overreaches into provincial jurisdiction and is therefore unconstitutional.

For almost 100 years, Michelin Guides (by tire company Michelin) have been the pre-eminent tastemaker in global fine dining. And Starting for the first time this fall, a selection of the Toronto’s restaurants who make an inspectors' cut will receive the globally renowned award of a Michelin star...or two...or three.

The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

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Clearview, the surveillance company that rose to fame for scraping social media to build a huge facial recognition database, agreed to permanently ban most private companies from using its service under a court settlement in Illinois.

The stock split club just added a new (and unexpected) member: Nintendo. The Japanese game giant announced a 10-for-1 split to make the stock more affordable for retail investors.

One British spy chief is saying that maybe we were getting a bit carried away with concerns of Russian hacking after the country’s invasion in Ukraine.

The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

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If you’re wondering what’s up with stocks lately, you probably already know the answer is that nothing’s up. We break down the latest markets news.

Quebec’s stringent new French-language laws are expected to pass before summer, which would leave tens of thousands of (previously exempt) businesses forced to adopt higher standards around French signage, contracts, and employee language proficiency.

The Swedish meatball and furniture giant IKEA is investing over US$3 billion to bring stores to city centres around the world and retool big-box locations as distribution hubs for online orders.

The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

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Despite a Canadian horse being one of the favourites, Canadians couldn’t bet on last Saturday’s Kentucky Derby through single game sports betting apps because the government excluded it from new regulations.

One in five container ships globally are currently stuck at major ports due to service and route disruptions stemming from lockdowns in Shanghai and Russia’s invasion of Ukraine.

One of Canada’s biggest maple syrup companies has been taken over by Bain Capital-owned Valeo Foods Group, with the aim of tapping into the global market.

The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

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Calgary’s Neo Financial has raised C$185 million led by billionaire Peter Thiel’s Valar Ventures—launching the challenger bank into Canadian unicorn status, or a valuation of over $1 billion.

Shopify missed profit estimates and announced the largest acquisition in its history, a US$2.1 billion deal for startup Deliverr to expand its warehousing and delivery services for merchants that would rival Amazon.

Apple, Google, and Microsoft want to kill off passwords for good—within the coming year, all three companies will build support for a cross-platform passwordless sign-in where your phone is the password.

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Markets are trying to connect the dots on the future of ride-sharing, as Uber doubles its revenue from last quarter but Lyft’s weak earnings outlook has dragged both companies’ stock prices down.

Canada has become one of the first countries in the world to hold crowdfunding platforms to the same reporting standards as banks for large or suspicious transactions.

Thanks to boosts from recent acquisitions, The New York Times added 387,000 net digital subscribers in Q1, bringing its total subscribers to 9.1 million

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The United Church of Canada has plans to create new rental apartments for 34,000 people over the next 15 years by revitalizing its properties to find new uses for old churches across the country

Restaurant Brands International (RBI) reported a net income of US$183 billion in Q1, much of it driven by Tim Hortons which boosted its year-over-year sales by nearly 13% and saw the largest earnings of any RBI restaurant.

Canada’s Pension Plan (CPPIB) has built stakes in several late-stage Indian startups, including a news app with over 350 million daily users

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Turns out, the majority of mental health and prayer apps are pretty creepy—tracking, sharing, and capitalizing on users’ most intimate personal thoughts and feelings.

Canadian conglomerate Thompson Reuters is launching an independent assessment to align itself with the UN’s Guiding Principles on Business and Human Rights

Stellantis—the world’s sixth-largest automaker, with brands including Chrysler and Jeep—will announce a new $2.54 billion deal to revamp existing plants in Southern Ontario for the production of electric vehicles (EVs)

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Social media and camera company Snap announced a mix of new platform features this week—some that bet on bringing augmented reality (AR) into daily life, and others that fly.

Tesla has recalled 48,000 vehicles in the US over concerns about speedometer displays, marking Tesla’s tenth recall campaign of the year.

French social media app BeReal is betting that social media users tired of filters and perfectly curated ‘lewks’ on apps like Instagram and TikTok feel the same way.

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Meta’s stock surged yesterday after adding more users than expected but posted its slowest revenue growth since going public a decade ago

Canada has joined 55 other countries in signing a pledge to promote connectivity, democracy, and “the enjoyment of human rights and fundamental freedoms” on an internet that is open, reliable, and secure.

Block (formerly Square), the digital-payments company run by Dorsey, has expanded its small business loans program to Canada, available as of this week.

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Spotify gained two million new paying subscribers over Q1 and its total monthly average of paid and unpaid users rose to 422 million, representing a net gain of 16 million in the period—but the news wasn’t enough to stop the stock from hitting an all time low.

Canada’s Commissioner of the Environment and Sustainable Development released five new reports and taking the Canadian government to task on its climate initiatives. And the most damning finding was that carbon emissions fell just 1.1% between 2005 and 2019, and since 2015 emissions have actually risen.

Boston-based Fidelity Investments is planning to let investors put a Bitcoin account in their 401(k)s, the first major retirement-plan provider to do so

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Elections Canada is undergoing a digital makeover that includes virtual offices and modernizing record-keeping.

The EU has issued a warning to Elon Musk over Twitter’s (still feels weird saying that), making it clear that, free speech plans aside, Twitter must comply with the EU’s new digital regulations or risk being fined up to 6% of their total revenue or even banned outright in the Eurozone.

Canada is caught between two calls: to boost oil and gas production to help with the global energy crisis while simultaneously meeting its ambitious climate targets and achieve net-zero by 2050. And RBC says Canada can do both but it won’t be easy or cheap.

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As China continues to keep much of Shanghai in lockdown as it combats a mass Covid outbreak, Chinese stocks have fallen to their lowest levels in over two years with two main stock indexes falling 5% Monday.

Beekeepers across Canada are buzzing with concerns over alarmingly high bee mortality rates owing to damages from the (menacingly named) Varroa destructor mite, with some keepers in Manitoba and Ontario seeing losses of up to 90%, much higher than typical mortality rates of 20-30%.

Twitter has accepted Elon Musk’s bid to take over the company for $45.5 billion, closing out days of discussions between Musk and the company’s board after the billionaire presented a “best and final” offer days ago.

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Lululemon is launching two membership plans later this year in a bid to drive customer brand loyalty and help reach its ambitious goal of doubling sales to US$12.5 billion by 2026. Angus Reid **released a new survey that found 51% of Canadians favour abolishing the monarchy in Canada A Twitter Canada executive has reportedly likened the federal government’s plan to regulate the internet to the approach of authoritarian countries like North Korea and Iran, per The Globe and Mail.

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Telsa CEO Elon Musk confirmed that, between his own considerable wealth and loans from banks led by Morgan Stanley, he has lined up the financing to buy Twitter, which is something you can do when you’re the richest person in the world

As companies continue to raise prices to offset inflation, wage hikes and product shortages, sales numbers from Nestle and P&G (the world’s largest CPG companies by revenue) indicate that shoppers are still spending like it’s 2019

Last year Shopify said it was “arming the rebels” against Amazon, and now Amazon is striking back through a “Buy With Prime” service that will allow businesses to offer Prime shopping features—like free shipping and next-day delivery—for products sold through their own websites.

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Rogers announced a double dose of good corporate news yesterday, posting a 7% quarterly year-over-year revenue increase for wireless services and confirming the company is on track to close its $26 billion acquisition of Shaw by the end of June.

Florida Governor Ron DeSantis is urging lawmakers to terminate the self-governing privileges that Disney World holds in the state

Inflation rose 6.7% from the prior year in March, a full percentage point higher than February’s 5.7% pace and the highest rate since the GST took effect in 1991

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The Canadian Real Estate Association and the Toronto and Vancouver real estate boards are gearing up to fight a proposed ban on ‘blind bidding’ for houses—which keeps potential homebuyers in the dark about the other bids on a property.

Netflix has reported that its earnings dropped last quarter, but it’s hardly the only video streaming service struggling to attract new subscribers and some are even considering adding an advertising tier for the first time.

Coachella the music festival (dubbed the SuperBowl of fashion) for the who’s who of influencing returned this past weekend, giving fashion brands a boost after two years of stay-at-home chic (sweatpants).

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A new report from PitchBook found that venture capital investment in Canadian startups surpassed $13.6 billion in 2021, crushing the previous record of $5.8 billion in 2019—and the good times are rolling on, with investment set to match that pace this year. Here’s an obstacle Tesla may not have seen coming: a crackdown by US regulators on its self-driving technology that could make consumers think twice about the promise of autonomous vehicles and threaten the company’s sky-high valuation. Quebec became the first jurisdiction in the world to ban oil and gas extraction and exploration last week, with all current drill sites shutting down within the next three years.

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The federal government is writing off $20 million paid to Ottawa-based Spartan Bioscience for COVID tests that didn’t work. OpenAI’s widely hyped DALL-E AI image generator can now edit pictures, too. Zoom, the omnipresent conference call platform is venturing into sales automation software (SAS), a space that could grow to a $7.3 billion industry by 2028.

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Last month, Ontario became the first province to create a law that protects everyday investors from unqualified financial professionals, per The Globe and Mail. “All that and a bag of chips” isn't the compliment it once was, as bags of chips contain fewer salty morsels than ever thanks to “shrinkflation.” The Bank of Canada (BoC) is set to hike interest rates further today, with experts agreeing it will likely be the first “oversized” hike in over two decades—going up half a percentage point instead of the typical quarter percentage point.

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As Etsy tries to graduate from niche online marketplace status to the e-commerce big leagues, a public battle over fee increases is heating up between the company and its sellers. Two Canadian employees for GlobeNewswire are under investigation by the Ontario Securities Commission for allegedly using their access to unpublished corporate press releases to carry out advantageous trades. Canada is the world’s largest lobster exporter, shipping out a whopping 86% of the world’s supply and making a record $3.26 billion from these exports last year. This number could be even bigger in 2022 with lobster prices currently nearing an all-time high as global demand soars.

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According to The Logic, Goodfood let go of 70 employees this week (the third round of cuts affecting a quarter of its workforce since last year) and has announced it’s closing its Ontario distribution centre. Following Robinhood, Snap, Roku and Uber, Shopify has moved to give employees more choice between cash and equity compensation in addition to their base salary. There’s a new kid on the motorcoach block—FlixBus, the world's largest-reaching bus provider, is rolling out three routes in Southern Ontario and more in Quebec and BC later this year.

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Meta draws up plans to introduce virtual coins (dubbed ‘Zuck bucks’) and other financial services to diversify its ad-based revenue system. The federal transportation regulator has determined that Edmonton-based Flair Airlines may be in violation of the law that requires it to be controlled by Canadians. Minister Freedland’s budget commits to doubling the number of new homes that are built in the next decade and includes a range of new measures designed to make housing more affordable, but analysts are concerned that they’re not enough to make owning a home more accessible.

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At 4:00 p.m. today, Minister (of so many things) Chrystia Freeland will unveil the 2022 federal budget, the first budget announcement since the 2021 election.

A new survey of Canadian office workers found that ‘meaning’ and ‘flexibility’ are now the biggest job incentives, with 71% of respondents saying they’d never take a frustrating or unrewarding job—even if the pay was higher.

Wealthsimple is giving Canadian retail investors access to a venture capital (VC) fund investing in tech and health care companies—for as low as $5,000, per The Globe and Mail.

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Canada’s federal employment ministry has annouced changes to a Temporary Foreign Worker (TFW) Program that will increase the number of TFWs allowed into Canada. Amazon is going to head-to-head with SpaceX in the satellite-internet service arena, by securing 83 planned rocket launches that would bring satellites into low-Earth orbit and establish a new satellite-internet service called Kuiper. The Canadian government has spent over $650 million over the past 11 years on an IBM payroll system for federal employees that, much like a kid who’s been given too much money, hates working but loves acting up

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Just one week after Elon Musk tweeted about giving “serious thought” to building a new social media company, he has become one of the biggest shareholders in Twitter. Famed futurist Nikolas Badminton (who is paid to consult companies like Google and Microsoft) has published a list of the top-paying jobs of 2040. A US$1 billion biotech fund backed by over 20 major drugmakers has made two investments worth tens of millions in startups looking to fight against the growing threat of antibiotic-resistant bacteria, commonly known as “superbugs.”

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The federal government raised its carbon tax yesterday by $10, meaning that large-scale emitters like corporations and the oil and gas sector will have to pay more for emitting greenhouse gasses (primarily CO2). After missing a self-imposed deadline for proposing online harm legislation back in February, the federal government has decided to form an expert panel that will meet regularly over the next two months to inform what should be in the new bill. In a massive win for organized labour in the US, workers at an Amazon warehouse on Staten Island have voted in favour of unionizing.

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President Biden announced a massive release of the US’s Strategic Petroleum Reserve as the administration tries to combat soaring prices at the pump. One month after Western nations smacked Russia with unprecedented sanctions that put pressure on the country’s financial system and reduced the ruble’s value to an [all-time low](https://www.reuters.com/markets/europe/russian-rouble-slips-past-100-vs-dollar-banks-hunt-fx-2022-03-02/#:~:text=NEW YORK%2C March 2 (Reuters,over the invasion of Ukraine.), the currency has almost fully recovered. Just in time for International Fact-Checking Day on April 2 (the day you circle on your calendar every year...), Google is introducing a feature that tags news stories with a label that measures the reliability of sources.

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This week, Meta, the company formerly known as Facebook, announced its building an engineering hub in downtown Toronto and will look to hire 2,500 skilled workers to build technology for the metaverse. Remember when things at the dollar store were actually $1? That hasn’t been the case at Canada’s largest dollar store chain since early 2009. We explore why. After slow but steady declines in recent months (and years) Canadian cannabis companies are seeing a surge as the US House of Representatives votes tomorrow on a bill that would declassify marijuana as a controlled substance on a federal level and potentially open the market for Canadian cannabis companies.

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Canada has announced a new emissions plan outlining how it will absolutely, positively meet its net-zero commitments by 2050. Eleven of Canada’s most prominent crypto and Web3 companies including Wealthsimple and Dapper Labs formed an industry council to help grow the Canadian Web3 space and collaborate with the government on creating a unified national strategy for blockchain regulation. According to the Canadian Security Intelligence Service (CSIS), Canadian organizations are the victims of thousands of cyberattacks every...single...day, this, according to the Financial Post.

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The Group of Seven - not the Canadian painters... but France, Germany, Italy, Japan, the US, the UK and Canada, have rejected Moscow’s demands to pay for Russia’s gas exports with rubles Postmedia, which owns more than 120 media outlets across Canada, closed a $16.1 million deal to acquire media publisher Brunswick News, a move to expand its reach to the Atlantic region…and help grow its parcel delivery service. Oat-milk maker Oat Canada struck a $4.1 million deal with French food processor Roquette to develop new ingredients, as part of a Canada government project that aims to grow the country’s plant-based protein industry to $25 billion by 2035.

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The EU is passing the Digital Markets Act (DMA) a landmark deal that will curb the powers of tech giants, like Google, Facebook, Apple, Amazon, and Microsoft. According to the Canadian Anti-Fraud Centre (CAFC), Romance scams are leaving Canadians heartbroken and broke, totaling $64.6 million in losses last year. Canada and the UK have begun negotiations on a new and improved free trade agreement that would encourage even more trade with Canada’s third-largest trading partner and lessen dependence on both countries’ larger neighbours.

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Canada’s Natural Resources Minister Jonathan Wilkinson announced yesterday that Canada could increase its oil and gas exports by up to 300,000 barrels per day to help European allies replace Russian oil and gas. Maple Leaf Sports & Entertainment (MLSE) chairman Larry Tanenbaum has submitted an offer to buy the Premier League soccer (or football, if that’s your persuasion) club Chelsea joining several other bidders in the chase. Higher interest rates could trigger a “severe correction” and “topple” Canada’s housing market, according to a new report from economic researchers.

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The Fast Identity Online Alliance (FIDO), an association of tech companies including Apple and Alphabet, are one step closer to making a password-less world a reality, announcing a new development in their technology. Following a victory against organized labour last year, Amazon is facing more union votes this week at a number of their US warehouses. Netflix is hosting The Queen’s Ball, which the company bills as a 90-minute long “Bridgerton experience,” will welcome fans in Montreal, Chicago, Los Angeles, and Washington starting today.

Gala Link: https://hopin.com/events/the-peak-s-emerging-leaders-gala

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The federal NDP Party struck a deal with the governing Liberal Party that would see the Liberals remain in power until 2025 in exchange for “progress” on a number of NDP priorities, including pharmacare and a dental care program. Nike’s quarterly results tied up its laces and sprinted past analysts’ expectations in Q3, which is a win not just for the company, but for the viability of the direct-to-consumer (D2C) model it has created. Okta, a user authentication company used by organizations including Sonos, Peloton, and the American FCC is investigating an alleged breach by a hacker collective known as Lapsus$, with cybersecurity experts telling Reuters that the threat is serious and Okta customers should be, “very vigilant right now."

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Germany has agreed to a long-term agreement with Qatar for the supply of liquefied natural gas (LNG), hastening the process of Germany cutting ties from Russian energy. Los Angeles restaurateur Andy Nguyen is looking to demonstrate how the power of NFTs can translate into building a real-life brand by opening the first NFT-centred restaurant. Two Canadian biopharma companies (the confusingly named) Arbutus and Acuitas, are embroiled in a legal battle regarding the patent rights to a key delivery method in Pfizer and Moderna’s mRNA COVID vaccines.

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Travel companies are preparing for a busy season since the pandemic began, in response to Canada shedding pre-travel COVID tests for fully-vaccinated visitors. Don’t feel like returning to the office just yet? Try telling your manager you’re working from home to save the world from an energy crisis. That’s just one of ten recommendations made by the International Energy Agency (IEA) to encourage people and governments to curb oil consumption as Russia’s war in Ukraine reduces the global energy supply. And did you know? Just like anyone with full-time work, every two weeks, its payday for inmates across Canada’s federal prisons. We dig into how prisoners get paid - and for what.

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No, it’s not all in your head… Statistics Canada reported that food prices rose 7.4% from last February, with Canadians paying more for common items like beef, milk, chicken, and fruits. Russian tech entrepreneurs are launching an Instagram dupe–called Rossgram–to help fill the void left by this week’s block on the Meta-owned picture-sharing app. Canadian Pacific Railway has threatened to lockout over 3,000 employees from work this Sunday, at a time when Canada’s resources need a more efficient transportation system than ever.

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Russia failed to pay its dollar bonds yesterday, kicking off a process that will see the country default on its debt if it doesn't make the payments within 30 days. Vancouver-based miner Alpha Lithium is suspending a deal to sell a stake in its lithium mine to a company owned by Russia’s state nuclear energy corporation, per The Logic. The U.S. Senate unanimously voted to pass the Sunshine Protection Act, a bill that would make daylight time permanent. If approved by the House of Representatives, it could motivate Canada to do the same.

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You think it would make sense for the largest producer of plant-based protein (Canada) and the country with the most vegetarians (India) to be two peas in a pod when it comes to trade. Yet, a comprehensive trade agreement between the two nations has never been signed. That could change as Canada and India have announced that they are resuming talks to reach a new trade agreement. A federal government program aimed at helping businesses go digital is under fire from critics who claim it amounts to a giveaway for US tech giants. This week, Canada’s defence chief said that protecting the country’s north is a key priority tied to economic and security interests, as Moscow moves to reoccupy Cold War military bases in nearby Arctic regions.

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Russian prosecutors threatened several major companies with arrests and asset seizures in response to Western sanctions. Signs of a COVID outbreak across number of cities in China have sent tens of millions of people into lockdown and caused a major Apple supplier to halt operations in the southmost city of Shenzhen, which analysts believe may worsen inflation. As gas prices reach unprecedented heights, so has the demand for electric cars in Canada, a recent survey found that 62% of dealerships’ EV wait times exceed 3 months.

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Canada’s economy added 337,000 new jobs in February—blowing past analyst expectations and driving the unemployment rate down to its pre-COVID 19 levels for the first time. Canada’s legalization of single-game sports betting back in August has opened the door for the NHL to sign its first-ever sports betting partner in Canada: sportsbook ProLine+. Hermeus raises $100 million in search of the future of aviation.

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Amazon is following the recent lead of Tesla and Google by executing a 20-to-1 stock split. What’s happening to nickel prices right now is so outrageous that experts are comparing it to the “meme stocks” craze back in early 2021. The British Government has stepped up with UK banks shutting out Russian oligarchs, including seizing Chelsea from owner Roman Abramovich and limiting the team’s revenue streams.

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How do you regulate something that was designed to be unregulated? The US government intends to find out as President Biden signs an executive order for the government to devise new regulations for cryptocurrencies. Canadian banks are announcing a collection of new initiatives to help them get to net-zero carbon emissions by 2050. We dig into what that means for you. Match Group-owned Tinder is rolling out background checks through its in-app safety centre—so you can put on your little detective hat and start swiping (while trying to avoid the next Tinder Swindler.)

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Canadians can expect to see higher prices at the pump with the U.S announcing a ban on the importation of Russia oil, further rattling energy markets. Google is putting in an all-cash offer of US$5 billion to purchase cybersecurity company Mandiant—and make up lost ground in the cloud computing space against competitors. The hotly anticipated Apple Peek Performance Event showcased a list of new features for the latest models of iPads, iPhones and Macs, but a powerful new M1 Ultra chip and Mac Studio desktop were the stars of the show!

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As the war in Ukraine escalates, women are playing a growing role in the country’s defence—on the front lines, in parliament, and beyond. The most recent data released in the World Economic Forum’s Global Gender Gap Report shows that it will take the US and Canada 61.5 years to close the gender gap. The federal government pitched its $27 billion childcare plan as a way to save families money and make it easier for parents to stay in the workforce while raising kids, something that would benefit mothers, in particular.

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There’s not much Canada can do to bring down soaring energy prices in the short term because our export capacity is maxed out at least that’s according to Canada’s Environment Minister Steven Guilbeault. The Biden administration has finalized a new ‘Buy American’ rule—an initiative aimed at boosting American manufacturing that could hurt Canadian businesses. As remote work shifts to hybrid models, a new commuter has emerged… the type that works from hotels. Which is leaving key players in the travel industry to rethink their business model.

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New day, new economic penalties against Russia: Canada is imposing a 35% tariff on goods imported from Russia and its ally Belarus as the feds look for new ways to respond to the invasion of Ukraine. Canada’s transportation regulator has launched an investigation into Edmonton-based Flair Airlines, surrounding potential issues around foreign control. Frito-Lay's standoff with Loblaw has left an (unsuspected) third-party winner standing… Ontario chips and salsa maker Neal Brothers

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The Bank of Canada raised its benchmark interest rate by 0.25 basis points to 0.5% yesterday. And if that sentence isn’t dull enough to put you back to sleep, we want some of whatever coffee you’re brewing. A growing number of Canadian and international companies, including Apple and Canada Goose are suspending operations in Russia over its invasion of Ukraine. Major League Baseball (MLB) has cancelled the first games of its season, set to begin on March 31, over a labour dispute. More bad news for the downtown Toronto hospitality scene.

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Member states of the International Energy Agency (IEA) agreed to release 60 million barrels of oil from their emergency reserves in an attempt to calm energy markets thrown into turmoil by Russia’s invasion of Ukraine. Netflix is the latest tech company to take a side in the Ukrainian-Russian war, opening up a Pandora’s box of questions around the ethics of censorship during the conflict, as they defy Russian regulators. Uber is introducing a new feature for Canadians that will allow users to make reservations, buy tickets for events and organize your transportation to and from, all in one app.

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Ontario will become the first place in North America to set a minimum wage for gig workers, the provincial government announced yesterday. Find out how technology firms with offices and employees in Ukraine are working to help staff leave the country amid the intensifying Russian invasion. With services like Apple Pay going out of service and the Ruble losing value by the minute, Western sanctions designed to cripple the Russian economy are starting to have a real impact on ordinary Russians.

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Russian tanks rolling down highways, missiles raining down on cities, and soldiers readying for battle have dominated the “For You” feeds of TikTok users this week, as the war in Ukraine becomes the first major conflict documented on the social media app. A long-predicted nursing shortage has hospitals across the country scrambling to find staff and businesses are stepping up to fill the gap (and pull open some purse strings). The EU, UK, US, and Canada announced a new round of economic sanctions in response to Russia’s invasion of Ukraine.

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President Biden announces sanctions against Russia as Russian forces invade Ukraine. Biden also warned that these sanctions may hike prices at the pump. After two years of uncertainty (which in light of recent events, might last some time longer) and periods of isolation, Canadians are cautiously beginning to dust off their wallets and spend again, according to a study by Paybright. If you already spend hours doomscrolling on Reddit, you might want to skip this. Reddit made the first update to its mobile app in over two years yesterday with a new ‘Discover’ tab to help users find new communities (and spend more time on Reddit...)

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Trump Media & Technology Group, a private media company founded by Donald Trump, launched Twitter lookalike Truth Social this week to users in the US and Canada as political users consider alternative platforms to big tech. Starbucks is known for its formulaic drinks, chill ambiance, and friendly baristas who know your name (even if they misspell it) but behind the counter, unrest is brewing with a large scale unionization underway across the US. Netflix is launching a product that looks a lot like the failed Quibi.

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We don’t want to alarm you, but you may not be able to find Doritos at your local super-market for a while: snack giant Frito-Lay is cutting Loblaw off from its products amid a dispute over price hikes. A $30 million settlement between US Soccer and female players over equal pay with men has ended a six-year fight that pitted the World Cup-winning team against their sport’s governing body. Swedish buy-now-pay-later service Klarna announced yesterday that they’re opening a tech hub in Toronto with plans to hire over 500 engineers.

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The ballooning cost of the Trans Mountain Pipeline expansion could fall on taxpayers, industry experts say, despite federal government assurances that no more public funds will be used to finance the project. A car transport ship carrying thousands of luxury cars is still stuck in the Atlantic Ocean after it caught fire last week, troubling an industry already grappling with pandemic-related supply chain issues. Talk about a big catch! Some users of NFT marketplace OpenSea were victims of a phishing attack that led to the theft of hundreds of millions of dollars worth of NFTs.

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The Emergencies Act, which Prime Minister Justin Trudeau invoked for the first time ever in response to ongoing protests in Ottawa, expanded the powers of banks and other financial institutions. Yet, Canadian bankers are still scratching their heads in figuring out how to implement the orders. Looks like Disney is now bringing the magic to a residential development near you, starting with a a sold-out luxury residential community called Golden Oak in Florida. Billionaire investor Carl Icahn gearing up to launch a proxy fight against McDonald’s over the inhumane treatment of pigs.

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Despite exceeding analysts expectations, Shopify’s stock dropped 20% yesterday after warning that revenue growth would slow in 2022 as the pandemic-era e-commerce boom ends. A new report released by the Financial Stability Board (FSB) says crypto assets, especially stablecoins, could present a significant risk for markets and calls for more regulatory oversight. Google has announced plans to overhaul app tracking on Android devices — the mobile operating system used by 70% of the world. And advertisers are worried this could hit their bottom line.

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Tim Hortons had a great fourth quarter as it almost double (doubles) its quarterly profit, as the coffee chain recovers from its pandemic woes. Apple announced that they’ll modify their AirTag technology to better protect against criminals using it to track unsuspecting victims. A new study has found that there is one thing that makes Canadian housing prices go down: flooding, which researchers found depressed final sale prices in impacted markets by 8.2% in the six months after a flood.

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A Toronto PetSmart is the latest retail location to vote to unionize since the pandemic began, as the percentage of unionized workers increases after years of a steady decline. Businesses are breathing a sigh of relief as Doug Ford announces Ontario’s accelerated re-opening plan. Confused about what’s going on between Russia and Ukraine? You aren’t alone: the markets are also struggling to make sense of the crisis, with the VIX — an index representing the market’s expectations of volatility — rising nearly 25% in the past five days.

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High-level officials including President Biden and Pete Buttigieg are adding pressure to re-open the Ambassador Bridge, amid ongoing protests that are beginning to take a toll on both country’s economies. France’s President announced that the country will build up to 14 nuclear reactors, as part of a plan to ramp up energy production and phase out fossil fuels. It may not the “sexiest” way to invest, but ETFs in Canada are having a moment after seeing a second record-breaking year of cash flows in 2021.

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According to a 2021 survey by IT company Novipro and polling firm Leger, a quarter of Canadian businesses have been the victim of a cyber attack, half of which paid a ransom. Canadian businesses, like Telus and Bombardier, that narrowed their focus and sold off secondary business lines are now reaping the rewards, new earnings reports show. Canada is the third most sleep-deprived country - and we are tied with the US for this esteemed ranking - with nearly a third of the Canadians feeling like they don’t sleep enough, according to a new study.

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How many protesters does it take to freeze a quarter of Canada-US trade? Shockingly few, as we learned by the recent blockade at the Ambassador Bridge, shutting down traffic on one of Canada’s busiest border crossings. Canadians be able to legally bet on the Super Bowl for the first time ever as legal single game sports betting comes online in Canada. European scientists set a new record for the highest amount of energy created through nuclear fusion — the reaction that powers the sun — in a major milestone in the quest for a cheap and clean source of energy.

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A Housing Affordability Task Force convened by the Ontario government says 1.5 million new homes must be built in the province over the next 10 years in order to make housing affordable again. Toronto’s Financial District is starting to look less like a ghost town as some Bay Street bankers start heading back to the office this week. There’s a thriving economy out there for maple syrup — and New Brunswick producers want a bigger piece of it. **

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Spotify is deleting over 70 episodes of the Joe Rogan Experience as Toronto-based Rumble offers Rogan $100 million to join their platform. “The Matrix Resurrections” studio Warner Bros. could use some of Neo’s bullet-dodging skills about now as it faces a lawsuit over the decision to release the movie simultaneously on streaming platforms and in theatres. Big changes to Canada Post could be coming as Minister Filomena Tassi releases the results of a poll among Canadians on their opinions on certain changes to postal services, potentially gauging ways to cut down on costs.

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Hopper, the Montreal-based travel app, is flying high after selling $44.6 million worth of equity to Brookfield Asset Management this week. Canada’s job market is struggling, new job numbers show that the economy shed 200,000 jobs in January, well above analyst forecasts of 110,000 losses. IBM plans to launch its first Canada-based quantum computer in Quebec, in partnership with the provincial government, per The Globe and Mail.

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Housing prices could drop up to 20% in some of the most over-heated Canadians markets, according to one of the country’s top banking regulators. Facebook’s parent company Meta’s stock collapsed by as much as 26% yesterday morning —wiping out over US$200 billion from its market cap — after the tech giant forecasted weaker revenue growth this quarter. The Saudi Arabian-backed Super Golf League (SGL) is trying (again) to court the world’s top 100 golfers, according to US golfer Phil Mickelson — who is ranked 38th on the PGA Tour

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Vancouver-based TerraZero Technologies has processed one of the first-ever metaverse mortgages, facilitating the transaction for a new landowner in Decentraland, a virtual world. Self-driving car company Cruise is gearing up to launch a fully self-driving robotaxi service to the public in San Francisco. Alphabet is reducing the price of its shares to make investing in the company more accessible. The move is called a “stock split” and in this case, will increase the company’s shares by a multiple of 20.

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Show Notes: Talk about a strong start to the Year of the Tiger: three Canadian tech companies have announced a combined ~CA$511 million in funding yesterday, a sum that amounts to around a fifth of what Canadian companies raised in all of Q1 2021. The internet is divided–again–only this time, it’s surrounding The New York Times’ (NYT) decision to buy Wordle, the new and wildly popular online puzzle game that has captured the hearts and minds of users around the world. The US plans to reduce tariffs on most Canadian softwood lumber producers in a move that might offer some relief to the lumber dispute between Canada and the US that’s been dragging out for over three decades…talk about holding a grudge.

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Blackberry is selling tens of thousands of patents for US$600M to a single company to turn its focus towards its core business: cybersecurity and software used by automakers—yeah, it’s been a while since they’ve made money from smartphones. A new Canadian Airline called Lynx Air has emerged, as new competition between low-cost airlines and its larger counterparts—Air Canada and WestJet—heats up. Consumer brands like Walmart and Procter & Gamble (P&G) are jumping on the metaverse bandwagon, even though the concept is still fuzzy for many people.

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Wireless plans in Canada are (finally) getting cheaper—or are they? A new federal government report shows progress on price cuts but the full picture is a bit more complicated. Apple reported its best quarter ever—partly because they have a supply chain advantage. Facebook has found a new way to make money from your face according to new patents filed by the company.

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Uber has struck a deal with Canada’s largest services sector union to represent the ride-hailing company’s Canadian 100,000 drivers and delivery workers. Canadian high-end car, plane and boat makers are bracing for cancelled orders under the Liberal government’s luxury tax, per The Globe and Mail. Apple will soon roll out a feature that turns iPhones into payment terminals, eliminating the need for extra hardware, per Bloomberg.

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Canadian National (CN) Railway named a new CEO after an activist investor waged a months-long campaign for the railroad to juice up its financial and stock performance. The latest company to enter the war between fintechs, startups, and tech giants for talent? Big banks. You know you're doing something right (or horribly wrong) when the Federal Trade Commission (FTC) starts paying attention as the FTC fines fast Fashion behemoth Fashion Nova for suppressing specific reviews.

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A new non-profit group wants to help 129 Indigenous groups pursue ownership of the Trans Mountain Pipeline (TMX), making it 100% Indigenous owned. Companies have had to increase their budgets on Super Bowl LVI ads, the biggest advertising event of the year, as Omicron disrupted commercial shoots and drove up production costs. Google scrapped their controversial plans to replace traditional tracking cookies with Federated Learning of Cohorts (FLoC), and instead announced a new proposal called Topics.

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Canadian lawmakers prepare to pursue internet-related legislation next week, a Canadian Google executive has cautioned that such proposals could dramatically worsen people’s online experiences, per The Globe and Mail. Toronto-based startup BenchSci raised US$50 million to expand its AI-enabled platform that makes drug research less of a hassle. activist investors that have built stakes in consumer goods giant Unilever, Kohls and Peloton are now pushing for corporate changes to improve performance.

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Desperate for cattle feed, Canadian farmers are importing record amounts of corn from the US. Prices of bitcoin and ethereum, the two largest cryptocurrencies by market cap, have dropped by 23% and around 35% since the start of the year. Intel announced it would spend US$20 billion to build a new semiconductor manufacturing plant in Columbus, Ohio as part of a broader industry-wide effort to alleviate a chip shortage that has disrupted swathes of the economy (and made it such a pain to get a new car)

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Canadian and US trucking industries are grappling with driver shortages, straining already-fragile supply chains. Facebook’s parent company Meta could be making its first foray into the non-fungible token (NFT) market. Amazon will open its first physical clothing store in Los Angeles later this year.

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Show Notes: Toronto-based password manager 1Password raised US$620 million round, marking the largest round raised by a Canadian company. In another effort to rein in the US’ biggest tech companies, the White House is weighing support for the bipartisan American Innovation and Choice Online Act, a bill designed to stop big tech companies from stifling competition. Energy consumption around bitcoin mining is gaining more attention, with a top EU financial regulator calling for an outright ban on the main form of bitcoin mining.

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Pen maker Bic has announced a deal to buy Toronto-based temporary tattoo startup Inkbox for US$65 million. Microsoft has agreed to acquire game publisher Activision Blizzard, bringing together the two video game forces to create the world’s third-biggest gaming company by revenue, behind Tencent and PlayStation maker Sony. Canadians’ confidence in their personal finances has dropped to a record-low, per the latest MNP Consumer Price Index.

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Canada’ busiest airport and airlines are calling on the federal government to drop the requirement for an arrival test for vaccinated air travellers. Major brands, such as Coca-Cola and Walmart, signed a joint statement that calls for the formation of a global pact to cut down plastic waste. Stripe is helping Ford scale its e-commerce strategy, signing a five-year deal to strengthen the carmaker’s online payment process.

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What goes up must come down, unless we’re talking about Canadian housing prices. At least that’s the conclusion we’re reached after reviewing new reports on our overheated housing market that predict rising prices well into 2022. Zara’s billionaire owner Amancio Ortega is buying Toronto skyscraper Royal Bank Plaza for over CA$1 billion. Bausch & Lomb, the Quebec-based maker of contact lenses and other eye health products filed to go public on the New York and Toronto stock exchanges.

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The Canadian government extended the deadline for small businesses to pay back emergency loans—one of the most widely used pandemic programs for businesses. Insurers will pay over CA$2 billion to settle climate-related claims from last year. TikTok star, Charli D’Amelio makes more than top CEOs, according to Forbes’ ranking.

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US oil prices peaked to $81 a barrel for the first time in two months, reflecting stronger consumption than many observers had expected. Saskatoon-based Vendasta Technologies announced its second acquisition since the software company dropped plans to go public in favour of financing, per The Globe and Mail. Canada’s annual pace of inflation has been hanging at around 5% in recent months, levels not seen 2003, with RBC’s CEO Dave McKay telling Bloomberg that the Bank of Canada needs to take quick action by hiking interest rates.

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Canada and Taiwan have begun trade talks in an attempt to reduce both countries’ economic dependence on China. It all started with a butt-dial... Rogers officially named Tony Staffieri CEO after a six-month interim stint in the role. Cryptocurrency exchanges that are playing by the rules are upset that Singapore-based Crypto.com is advertising in Canada, despite not being registered here.

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BMO is tapping into pension funds for its Bank of West takeover, the largest acquisition deal led by a Canadian bank. Gaming company Take Two Interactive is buying FarmVille maker Zynga for US$12.7 billion in one of the world’s biggest gaming mergers. Taco Bell said its piloting a subscription service to order one taco a day for $10 a month.

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PM Justin Trudeau is proceeding with a vaccine mandate for truckers entering Canada, a requirement that some say will drive up prices of certain goods. Disney’s upcoming Pixar flick Turning Red will premiere on Disney Plus, instead of theatres, on March 11th. Vinyl sales overtook CD sales for the first time last year since 1991.

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Our housing market is heating up: Toronto and Vancouver home sales shot up 7% and 28%, respectively. The New York Times (NYT) has agreed to buy subscription-based sports site The Athletic for $550 million, helping expand the NYT’s digital offerings. France hit Google and Facebook with over $216 million in fines for flouting privacy rules.

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The world’s biggest NFT marketplace OpenSea raised $300 million to a $13.3 billion valuation. Staffing shortages from Omicron are straining supply chains across Canada. 2021 was a strong run for the oil and gas bulls. And looking ahead to 2022, some of the sector’s biggest backers are already happy with what they’re seeing.

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Apple became the first $3 trillion company on Monday. Canada took an L in the first ever ruling by a USMCA panel. Volkswagen, GM, and Mercedes are drawing up plans to compete with Tesla.

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Ontario’s heading back into lockdown again to fight the highly transmissible Omicron variant. Say it ain’t so but today, many of BlackBerry’s phones will stop working as the company decommissions a number of devices. Over two thirds of Norwegian car sales in last year were electric.

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According to a lab study in South Africa, people who recover from the Omicron variant are better able to fight future infections from the Delta variant. Amazon made it easier for their workers to unionize through a deal with the U.S. National Labor Relations Board (NLRB). Canada’s COVID Alert App is looking like a bit of a flop. It was only used 869 times in November, a period in which Ontario alone had 18,900 confirmed cases.

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The Securities and Exchange Commission (SEC) rejected Apple’s pleas to block three activist shareholder resolutions. The feds expanded benefits for workers and businesses, after provinces re-introduced tougher restrictions to combat the omicron variant of COVID. Companies and governments are growing concerned over the Log4j security vulnerability.

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NASA will launch the James Webb Space Telescope from South America on Friday. One of the biggest challenges to the EV boom will be building enough charging stations. The NHL became the first major American sports league to temporarily shutdown because of COVID.

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TikTok is pilot testing a delivery service in the U.S. for some its most popular recipes. Montreal-based Bombardier’s stock is dropping, as a Swedish corruption investigation into the plane maker continues. Moderna’s confirmed that its booster dose offers protection against the omicron variant.

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It may be the season of giving but it sure looks like PM Justin Trudeau is readying his government for a multi-front trade fight with the United States. Airbus ended production of the world’s largest commercial airliner, the A380, with a final delivery to Emirates. Canada’s current ambassador to China, Dominic Barton, is rumoured to be next in line to chair global mining giant Rio Tinto.

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The U.S. is prepared to take retaliatory action if Canada moves forward with the Digital Services Tax. Netflix cut its prices in India, its largest non-US market, by 60% in a bid to attract more users. Reddit filed to go public yesterday.

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Former President Donald Trump's social media platform is teaming up with Toronto-based Rumble. The feds are reintroducing an advisory against non-essential travel to stop the spread of Omicron. Montreal-based biotech company Valence Discovery raised ~$11 million.

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Pfizer released new results on their COVID-19 pills, and researchers are still concerned that Merck's pills could be too risky to administer. Winnipeg-based Skip The Dishes is expanding its grocery delivery business. Toyota is invested US-$35 billion in its electric vehicle (EV) plans.

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Tensions between Russia and Ukraine have escalated over the past week as Russian troops mobilize at the border. A tornado ripped through an Amazon warehouse over the weekend, killing six people. Vancouver-based Dapper Labs debuted a new NFT marketplace called The Warehouse with "avatar technology" company Genies.

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Top executives and founders are selling shares in their companies at levels never before seen. U.S. data showed inflation reaching the highest level in almost 40 years. NASA launched an X-ray telescope into space last week to study black holes.

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Canada Pension Plan Investment Board (CPPIB) struck a US-$1 billion deal to invest in single-family homes in the U.S, the pension fund's first entry into the market. A recent report found that the average grocery bill for a family of four will jump by $966 in 2022. Credit rating firm Fitch Ratings declared Evergrande is in default after it missed deadlines for coupon payments, or the interest it owes on bonds.

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The Ontario government is proposing changes to how it consults with Indigenous groups in the North to accelerate building a road to the Ring of Fire. Amazon Web Services (AWS) suffered an outage earlier this week, taking down thousands of Amazon's own services and other websites. Cryptocurrency executives testified before Congress yesterday.

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Canada's trade surplus jumped to $2.09 billion in October, the biggest jump since 2011. Quebec-based Medicago's COVID-19 vaccine showed promising results in its tests. Canada is expanding its federal vaccine mandates to more businesses next year.

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Canada's ambassador to China, Dominic Barton, is stepping down from his role at the end of December. Over 60% of Canadians don't think our central bank can tame inflation. And the SEC is investigating Tesla over claims that their solar panels are defective.

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Statistics Canada's employment data for November says the economy is heating up and jobs are plentiful. Shares in Chinese ride-hailing business Didi plunged by nearly 20% on the news that they would delist from the New York Stock Exchange and instead list on Hong Kong's exchange. Canada's Weston Family, the owners of Loblaws, is selling British department store Selfridges to a Thailand-based corporation.

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Textbook publishers sued Shopify yesterday over the sale of pirated education materials. Major League Baseball is in a lockout after failing to agree on a new labour agreement. And Canada Goose workers in Winnipeg voted to unionize.

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Canada's telecom regulator said its introducing new tech to reduce spoofing. BC-based General Fusion, one of the world's leading nuclear fusion companies, raised US-$130 million. Vancouver-based Klue raised US-$62 million from investors, including Tiger Global.

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Canada's GDP grew at an annual rate of 5.4% last quarter. UK regulators are demading Facebook parent company Meta to sell Giphy. Vancouver-based software startup Spare raised $18 million to build out their micro-mobility software.

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Canada is teaming up with Mexico to challenge the U.S.' rules to determine where car parts are made. Twitter CEO Jack Dorsey is stepping down and appointing Parag Agarwal as his successor. And Nissan is launching a US-$18 billion electric vehicle initiative.

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The word of the day is: Omicron. That's the name assigned by the World Health Organization to a new COVID "variant of concern." Canada Goose, the Toronto based premium winter jacket brand, was the number one trending topic on Chinese social media this week with posts about the brand garnering more than 240 million views. Customers are getting more comfortable with new buy now, pay later (BNPL) solutions as vendors saw a huge spike in usage on Black Friday.

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The US is doubling duty rates on Canadian softwood lumber producers. Canadian Pacific and Canadian National have restarted operations in BC, but delays to shipments could last for months. Canada's labour market has over 1 million job vacancies as businesses struggle to scale up after COVID.

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Elizabeth Holmes testified yesterday during her trial. The Bank of Canada believes investors are adding to price gains in the housing market. Vancouver-based Mangrove Lithium raised $12.6 million from investors, including Bill Gates.

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TC Energy Corp, the developer of the Keystone Pipeline XL, not to be confused with Keystone Pipeline Medium wants $15 billion from the U.S. government. NASA and SpaceX will try to redirect an asteroid tomorrow. Vancouver-based Rhino Ventures announced a new $120 million fund to invest in Canadian companies.

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Uber Eats entered the cannabis market for the first time in its history in Ontario yesterday. The Biden administration nominated Fed chair Jerome Powell for a 2nd term. Rogers may sell part of its stake in the Toronto Blue Jays and the Rogers Centre.

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The aftermath of the worst flooding in decades in B.C. is causing major troubles across the province. Air Canada is spreading its wings to fly out of the government's nest once again, announcing Friday it won’t continue to draw on the fed’s airline bailout program. The Women's Tennis Association is threatening to pull out of China if missing tennis star Peng Shuai is not located.

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Live from the Bet On Canada Summit. Yesterday PM Justin Trudeau met in person with President Joe Biden and Andrés Lopez Obrador for the first time since the pandemic. Toronto-based HiMama raised $70 million in a Series B round. A group of people have created a decentralized autonomous organization to bid on a rare copy of the U.S. constitution.

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Rogers' board removed their CEO Joe Natale in the midst of a regulatory review of their takeover of Shaw. Quebecor is moving ahead with its plans to launch a national wireless service which should give customers more options. Apple will begin allowing customers in the U.S. to repair their own devices.

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Floods in BC may cause delays at the Port of Vancouver, Canada's largest port, which could spell big trouble for our supply chain. Ontario-based Clutch raised $100 million in new funding to grow their used car business. A Russian weapons test created 1,500 pieces of space junk that's now threatening astronauts in the International Space Station.

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Oil giant Shell is moving its headquarters from the Netherlands to the U.K. in a move to shake up its business structure. IBM released its largest quantum computing processor ever as they gear up to launch their first quantum computer in 2023. A private equity firm is buying mattress company Casper to try and turn the brand around.

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Pressure is ramping up on top execs of Quebec companies to get a better grasp on both official languages. World leaders signed a new climate agreement at the COP26 summit, which wrapped up over the weekend. Taylor Swift released her re-recoded album, Red, as she battles with private equity firms to regain control over her music.

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Ontario-based Telesat plans to go public in Canada to support their Low Earth Orbit expansion plans. A union for thousands of workers at Cargill, a beef plant in Alberta, said they plan to strike next month. EV maker Rivian's valuation jumped to US-$86 billion in its public debut yesterday.

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U.S. inflation hit 6.2% in October compared to year before, the fastest increase in 30 years. Ontario-based generic drugmaker Apotex is considering a sale. And Evergrande's grace period to pay interest payments to overseas bond holders expired yesterday, meaning the second largest developer in China is now in default.

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Amazon Web Services will open its second Canadian location in Calgary. Health Canada approved Pfizer's booster shot paving the way for province's to begin administering to the whole population. Shell will begin constructing a solar farm in Alberta next year to power its new refinery.

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IKEA invested $115 million in Toronto-based Bolt. Elon Musk held a Twitter poll on whether he should sell $20 billion in Tesla stock. Helion Energy raised US-$2.2 billion to commercialize its fusion energy technology.

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A BC Supreme Court judge ruled that Edward Rogers can replace five of the independent directors of Rogers, which gives Ed, the son of founder Ted Rogers, full control of the company. Pfizer announced that its pill to treat COVID-19 had been found in clinic trials to be highly effective.Tesla is opening a battery equipment plant in Ontario, its first Canadian site.

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Former central banker Mark Carney has built an alliance of 450 companies who pledge to focus their investments on achieving net zero carbon emissions. Montreal-based tech darling Lightspeed POS is struggling as its stock tanks 30% after the company released a poor revenue forecast. And a judge has denied Canadian celebrity-chef Mark McEwan’s restructuring plans for his restaurant, grocery and events business

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Toronto-based Float raised $37 million from investors, including Tiger Global. Crypto mining company Compass is opening a new mining operation in Ontario. Voters in Maine have rejected a proposal for a new power corridor which would carry Quebec hydroelectricity to New England.

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Generac buys Toronto-based Ecobee for $770 million after the company struggled to compete with Google and Amazon. Two companies are vying for a potential acquisition of Vancouver-based Millennial Lithium Corp. And consumer groups and Bell are urging Canada's telecom regulator to hold off on an upcoming hearing of the Rogers-Shaw merger.

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The Rogers family feud is going to the BC Supreme Court as Ed Rogers fights for control. Digital Currency Group raises $700m to become the 'Standard Oil of Crypto'. And Rogers and Videotron are suing each other over breach of contract.

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The G20 met in Rome to discuss pandemic relief and initiatives to fight climate change. The Canadian Dairy Commission recommends that regulators raise dairy rates to account for higher costs on raw materials. And a bad earnings quarter has lost Apple their title as the world's most valuable company.

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Shopify missed earnings expectations after a record year. Vancouver's Hootsuite is considering raising $200 million to go public. And Facebook changes their name to Meta to reflect their pivot to a metaverse company.

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The Bank of Canada announced that they'll be ending their stimulus program and quantitative easing. Ottawa-based Fellow raises $24 million for their meetings SaaS tool. And the University of Toronto announces that their endowment is divesting from fossil fuel investments.

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Tim Hortons latest earnings report shows a drop off of sales in downtown cores while a surge in demand in suburban and rural areas as Canadians continue to work from home. GM is building up 40,000 charging stations in the US and Canada to better compete with Tesla. And George Weston is selling their bread business to FGF Brands for $1.2 billion, marking the end of a bread era.

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Quebec-based Cenderel bought Cominar REIT in a sign that commercial real estate is once again on investors' radar. E-sports content creators Faze Clan are going public in a $1 billion deal. And Hertz is modernizing their fleet with a 100,000 Tesla purchase.

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Martha Rogers is going public with complaints over her brother Ed Rogers' conduct. Snapchat's underperforming earnings may signal challenges for Facebook and Twitter. And Toronto-based Q4 raised less than anticipated ahead of their IPO.

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The Rogers family is creating a Canadian version of Succession as they fight over the future of the company. Retailers like Amazon and Ikea have committed to only using zero-emission shipping by 2040. And Roku argues that Google is using anti-competitive practices over its Youtube TV negotiations.

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Inflation in Canada hit 4.4% due to the rising costs of housing, transportation and food. Doctors successfully transplanted a pig kidney into a human after genetically modifying it. And investors are looking into whether the stablecoin Tether has enough US dollars in reserve.

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VTS is buying Toronto-based real estate software firm Lane for $200 million as workers start returning to the office. KKR and Dundee Partners buy a catalogue of 62,000 songs including tracks by Lorde and The Weeknd. And Spin Master is launching a $100 million fund to invest in the next big toy.

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Twitter is looking to grow their engineering team in Canada as they launch new products. Canadians are paying more for flights as airlines continue to adjust to post-pandemic travel. And Apple announced new Macbooks and Airpods today.

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Canadian home sales increased for the first time in six months. A Bitcoin ETF is about to launch in the US for the first time. And Drake expands his investments into cannabis.

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Inovia raises a new $334 million fund. Canopy Growth Corp buys to option to buy Wana edibles. And LinkedIn is leaving China after a government crackdown on the platform.

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After nearly two years of closure, the US is about to reopen the land border to traffic from Canada. China's crackdown against cryptocurrencies has made the US the newest destination for mining operations. And Toronto's Rose Rocket raised $25 million for their transportation management software.

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Montreal-based Dorel sounds a pack of iconic bike brands to a Dutch holding company. Sony and Taiwan Semiconductor Manufacturing Company are building a new chip facility in Japan. And Magic Leap raises $500 million to build their futuristic headsets.

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Canadian David Card co-wins the Nobel Prize in Economics for his natural experiments in the study of policy and economic theory. Netflix and Walmart are partnering to create merchandise from your favourite shows. And Notion, founded by UBC grad Ivan Zhao, raises $275 million for expansion into clients.

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Lululemon is bringing their Mirror product to Canadian stores. Freshbooks is buying German FastBill to drive international expansion. And Rent The Runway is going public on the NASDAQ.

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Hackers released Twitch's source code, security info, and creator earnings, making for an uncomfortable day for the streaming platform. Regulators are trying to regulate stablecoins to ensure they hold enough of the underlying asset. And a report released says that Canada's not even close to meeting our climate goals.

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Dapper Labs buys Brud to acquire software to help them launch their first Decentralized Autonomous Organization (DAO). Saskatoon-based Coconut Software raises $28 million to expand in North America. And Korean drama Squid Games is the most watched show on Netflix.

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Facebook was down for a full day and we still don't know why. The Pandora Papers expose how the super rich evade domestic taxes. And Volvo is planning to go public to 'accelerate' their all electric transition.

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A Globe report found that phone number fraud attacks have increased between 2019-2020. US media company Ozy Media has shut down after a number of scandals. And Tesla sold more cars last quarter than ever before!

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China-based Contemporary Amperex wants to buy a Canadian lithium reserve to capture the growing demand for batteries. Fanatics Trading raised $10 billion for their trading cards entity. And Spruce Point Capital Management casts doubt over Lightspeed's revenue and user numbers.

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The CPPIB is spending $4 billion on a US port operator to capture shipping mania. The US may run out of money unless Congress raises the debt ceiling. And Amazon releases their first home robot.

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CMHC says the Canadian housing market is currently both overheated and overvalued. CDPQ announced plans to divest their assets out of fossil fuels. And Stripe's opening up a big office in Toronto.

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Facebook is pausing the launch of their Instagram for Kids product after pushback from lawmakers. China is having an energy shortage which is causing further supply chain disruptions. And Copperleaf is Canada's first big tech IPO of the fall.

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The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

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The Michaels are back home in Canada after two years in Chinese jail. China releases comprehensive crypto regulation that effectively bans all cryptocurrencies in the country. And EU regulators are forcing all phone and tablet companies to adopt USB-C cords.

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The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

See omnystudio.com/listener for privacy information.

SNC-Lavalin is in the spotlight (for all the wrong reasons). Waterloo-based edtech startup is looking to go public at a $1 billion valuation. And StandUp Ventures raises $30 million to fund female-led Canadian startups.

Celebrating something? Let us know for a shoutout here: https://thepeak.typeform.com/to/GuHjLDoa

The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

See omnystudio.com/listener for privacy information.

The federal government announced a switch from their troubled Phoenix payroll system to Ceridian. The UK wants to get in on the USMCA trade agreement but it's unlikely to actually happen. And Vancouver's Dapper Labs raises $250 million!

Celebrating something? Let us know for a shoutout here: https://thepeak.typeform.com/to/GuHjLDoa

The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

See omnystudio.com/listener for privacy information.

New York wants to convert 70% of their power to Quebec produced hydro. The Big 6 banks are concerned about the incoming Liberals' taxation plans. And Canadian genetic medical company PhytoTips raises $2.5 million to personalize health care.

The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

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Drake invests in Dave's Hot Chicken to expand his ever-growing business empire. Investors are still terrified of Chinese developer Evergrande going bankrupt. And Corus is worried the Rogers-Shaw merger will damage local news coverage.

The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

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Sources say Meng Wanzhou is entering into discussions with the US Department of Justice which could be good news for detained Canadians Michael Spavor and Michael Kovrig. The Teamsters are moving forward with an effort to organize an Amazon warehouse in Alberta. And we give you the latest on the Mu variant.

The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

See omnystudio.com/listener for privacy information.

Suncor announces partnership with indigenous communities to buy stake in Northern Courier Pipeline. SpaceX sends 4 amateurs to space in first non-professional out of orbit trip. And scooter-company Gogoro is going public.

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Noticed things are getting more expensive? You're not alone. The latest Consumer Price Index has inflation at 4.1%. Calgary's Neo Financial raised a big round to fuel their growth. And analysts are worried that Evergrande, the second largest property developer in the world, may default on their debts.

The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

See omnystudio.com/listener for privacy information.

We interview Erin O'Toole, the leader of Canada's Conservatives. Update your iPhones because a team at UofT found a software exploit that lets hackers break into your iMessages. Bell is pleading with regulators to stop the mega-merger between Rogers and Shaw. And SEC Commissioner Gary Gensler spoke to lawmakers about crypto regulation.

The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

See omnystudio.com/listener for privacy information.

Cineplex and Cineworld are suing each other over who is to blame for the global pandemic. China's Everest Medicine is buying Providence Therapeutics' mRNA tech for $500 mil. And Amazon is hiring 15,000 warehouse workers in Canada.

The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

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Canada's economy is really starting to regain form after adding 90,000 new jobs last month. A judge ruled that Apple can no longer block developers from offering payment options besides Apply Pay in third party apps. And the cost of shipping stuff via cargo ships is more expensive than ever.

The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

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Facebook announced their new AR glasses product, Ray-Ban Stories, which lets wearers take photos, listen to music and share it all on... Facebook. Bitcoin mining co. Canada Computational Unlimited is going public on the TSX-V. And a breakthrough in nuclear fusion technology could transform how we produce electricity.

The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

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Coinbase is launching a new product that will let users earn interest on their cryptocurrencies, but the SEC is sounding the alarm. Canada Goose is getting fined in China over misleading ads. And Bill Gates is buying Toronto-based luxury hotel chain, Four Seasons.

The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

See omnystudio.com/listener for privacy information.

Canadian Uber competitor Facedrive is mulling bankruptcy. El Salvador has made Bitcoin a legal currency to make remittances cheaper. And Tesla is rolling out its full self-driving software despite concerns from regulators.

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Americans are coming but not as quickly as our economy would like. Olivia Rodrigo is paying royalties to artists she drew inspiration from. And the CRA confirmed what a lot of us already knew which is that foreign buyers are driving up home prices in Canada.

The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

See omnystudio.com/listener for privacy information.

Enbridge is proceeding with building their controversial Line 3 pipeline. European regulators are proposing a big fine for WhatsApp. And Intuit is considering buying Mailchimp for $10 billion.

The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

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Telus and GM are partnering to bring 5G to your car. CN Railway's bid to takeover Kansas City Southern Railway was derailed by US regulators. And NASA's starting to test flying taxis.

The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

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Uber is proposing a new labour classification for drivers. Toronto's Gatik raises $107 million to bring autonomous robots everywhere. And Gap's finally launched Lululemon competitor Athleta in Canada.

The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

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Shares for Support.com and Vinco Ventures are soaring as meme stock investors pump their prices. Quebec pension fund CDPQ is buying travel nurse staffing agency Medical Solutions. And China is implementing policies to curb youth gaming.

The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

See omnystudio.com/listener for privacy information.

National Bank is buying Montreal-based fintech startup Flinks. A Chinese court bans to controversial 996 overtime policy. And Amazon-backed Tesla rival Rivian is looking to go public.

The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

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Toronto-based #paid raised $18.9 million. Taiwan Semiconductor Manufacturing Co says the cost of chip prices will go up. And Air Canada is mandating vaccines for employees.

The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

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OnlyFans announces that it will continue to allow sexually explicit content on their platform. Federal political leaders are announcing their housing plans. And SemiosBio is building an agtech empire...

The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

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BC's Blockstream raises $200 million and reaches unicorn status. The world's largest shipping company is expanding its fleet with cleaner ships. And TikTok is getting big into social commerce with who else... Shopify, of course.

The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

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National Bank announced that they'll be the second investing platform to offer a zero commission on trades service. Pfizer is buying Ontario's Trillium Biosciences in a blockbuster $2 billion deal. And Richard Branson's Virgin Orbit wants to go public via SPAC.

The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

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TD, CIBC, and RBC all announced that they’ll require employees to get vaccinated if they want to work in an office or branch. Putnam Partners is buying the Canadian rights to Toys ‘R Us in an attempt to turn around the struggling toy brand. And OnlyFans is removing all sexually explicit content to appease the credit card kings.

The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

See omnystudio.com/listener for privacy information.

Put this in the podcasting history books: it's The Peak Daily's first episode. Facebook unveiled their new virtual workspaces and, spoiler, it's heavy on cartoons. Wealthsimple's teaming up with Twitter to let you tip your favourite Tweeters. And Amazon's Target is on Target?

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The Peak’s launching our daily business news podcast, creatively titled, The Peak Daily.

Everyday, Jay Rosenthal and Peak co-founder Brett Chang will give you a run-down of the three biggest business stories you need in less than 10 minutes.

Listen while you have your first coffee, take a morning jog, or on your (future?) morning commute.

Drops everyday at 6am. Produced by 306 Media Productions.

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