50 basis points 📈 — Another rate hike from the BoC. Deepfakes are getting into ads. NASA is going deep on aliens.

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.