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The Peak Daily

The Peak / Curiouscastβ€’anchor.fm
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.
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Episodes

Advertising antics πŸ“± β€” The Rogers family drama continues. Snapchat's earnings were lower than expected. And Q4 is crawling towards their IPO.

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. 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.

Oct 25, 2021β€’6 min

Family feud πŸ‘¨β€πŸ‘©β€πŸ‘§β€πŸ‘¦ β€” The Rogers family is fighting over the company. Shipping companies are going zero emission. And Roku is accusing Google of anticompetitive practices.

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. 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.

Oct 22, 2021β€’5 min

Inflation nation πŸ’Έ β€” Inflation is at a 10 year high. Surgeons successfully transplanted a pig kidney to a human. And Tether is under scrutiny.

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. 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.

Oct 21, 2021β€’6 min

Fast Lane 🏒 β€” VTS buys Lane for $200 mil. KKR and Dundee buy 60,000+ songs. And Spin Master's getting into the VC game.

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. 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.

Oct 20, 2021β€’5 min

Fancy flying ✈️ β€” Twitter is hiring in Canada. Fights are more expensive than pre-pandemic. And Apple announced some new devices.

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. 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.

Oct 19, 2021β€’5 min

Hot housing 🏠 β€” Canadian home sales are up. A Bitcoin ETF is launching in the US. And Drake's investing in a cannabis company.

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. 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.

Oct 18, 2021β€’5 min

Edibles 🍭 β€” Inovia raises a new fund. Canopy Growth Corp gains option to buy Wana edibles. And LinkedIn leaves China.

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. 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.

Oct 15, 2021β€’6 min

Open borders πŸš— β€” The US is set to open the land border with Canada. They're also the biggest Bitcoin miner in the world. And Rose Rocket gets kissed by a financial rose.

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. 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.

Oct 14, 2021β€’6 min

Bike on 🚲 β€” Dorel sells their bike division. TSMC and Sony are building a new plant. And Magic Leap raises big money.

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. 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.

Oct 13, 2021β€’6 min

Nobel prize πŸ₯‡ β€”Β A Canadian David Card co-wins the Nobel Prize in Economics. Netflix and Walmart are teaming up to sell merch. Notion raised a ton of money.

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. 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.

Oct 12, 2021β€’7 min

Mirror πŸͺž β€” Lululemon is bringing Mirror to Canada. Freshbooks is buying FastBill. And Rent The Runway is going public.

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. 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.

Oct 08, 2021β€’5 min

Hacked πŸ‘Ύ β€” Twitch got hacked. Regulators are trying to tame stablecoins. And Canada's not meeting its climate goals.

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. 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 ...

Oct 07, 2021β€’6 min

Robot influencer πŸ€– β€” Dapper buys Brud. Coconut Software raises $28 million. And Squid Games is a surprise success.

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. 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.

Oct 06, 2021β€’5 min

Down πŸ“‰ β€” Facebook has a rough day. Rich people are evading taxes. And Volvo is going public.

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. 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.

Oct 05, 2021β€’6 min

Caller ID πŸ“ž β€” Phone fraud is up in Canada. Ozy Media is no more. And Tesla continues to cruise.

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! 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.

Oct 04, 2021β€’6 min

Battery powered πŸ”‹ β€”Β A Chinese company wants to buy a lithium mine operator. Investors are going Fanatic over trading cards. And Lightspeed could slow down.

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. 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.

Oct 01, 2021β€’6 min

Still lonely πŸ™ β€”Β CPPIB is going to sea. The US might run out of money. And Amazon's releasing a home robot.

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. 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.

Sep 30, 2021β€’4 min

Overheating πŸ”₯ β€” CMHC says Canada's housing market is overheated and overvalued. CDPQ is going green. And Stripe is coming to Canada.

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. 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.

Sep 29, 2021β€’5 min

Instagram is not for kids 🀳 β€” Instagram is delaying the launch of their kids product. China has an electricity shortage. And Copperleaf goes public.

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. 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.

Sep 28, 2021β€’6 min

Welcome home πŸ‡¨πŸ‡¦ β€” The Michaels return to Canada. China bans Bitcoin. And the EU is consolidating ports.

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. 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.

Sep 27, 2021β€’6 min

Busted πŸš” β€” SNC-Lavalin is again in hot water. D2L is going to D2-the-TSX. And StandUp Ventures is standing up taller.

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.

Sep 24, 2021β€’6 min

UKUSCMA πŸ‡¬πŸ‡§ β€” Federal employees are getting a new payroll system. The UK wants in on the USMCA. And Dapper raises another huge round.

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.

Sep 23, 2021β€’6 min

Quebec electricity πŸ”Œ β€” Quebec's selling (a lot of) hydro to New York. The banks are terrified of the incoming Liberals. And Toronto's PhenoTips is building 23andMe for health.

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.

Sep 22, 2021β€’6 min

Chicken little πŸ“ β€”Β Drake invests in Dave's Hot Chicken. We're (still) on Evergrande watch. And another company is complaining about Shaw and Rogers.

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.

Sep 21, 2021β€’6 min

Mu πŸ„ β€”Β Meng Wanzhou is negotiating with the US Department of Justice. Amazon's facing its first unionization effort in Canada. And should you be concerned about the Mu variant?

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.

Sep 20, 2021β€’6 min

Inflation nation πŸ“ˆ β€” Inflation is at record highs. Neo Financial raised a huge round. And is Evergrande the Chinese Lehman Brothers?

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.

Sep 16, 2021β€’7 min

Erin O'Toole's favourite album πŸ’Ώβ€” Update your iPhones. Bell is fighting the Rogers and Shaw merger. And Gary Gensler talks crypto to Congress.

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.

Sep 15, 2021β€’22 min

See you in cinecourt 🎬 β€”Β Cineplex and Cineworld are going to Cinecourt. China's buying some Canadian mRNA tech. And Amazon is hiring a bunch up North.

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.

Sep 14, 2021β€’6 min

Jobs jobs jobs πŸ‘·β€β™€οΈ β€” Canada's economy is booming again. Apple has to let developers offer alternative payment options. And the cost of shipping is going up!

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.

Sep 13, 2021β€’7 min
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