Whether you like them scrambled, poached, or raw like Rocky Balboa, one yolky grocery staple is about to get cheaper. Though not as cheap as they could be. BMO is linking up with financier Georgian to bring down the wall between investors and privately held technology companies. Almost 30% of Canadians say their New Year’s resolution is to get in better shape. Some gyms are advocating for one trick that could help: Electrocution. Celebrating something? Let us know here: https://thepeak.typeform....
Jan 16, 2023•7 min
The world’s climate goals are banking on the success of carbon capture technology. One start-up has potentially kick-started the industry after a major breakthrough. Like all good friends, Canada, the US, and Mexico sometimes get into squabbles. Luckily, they have a panel of unbiased trade experts on-hand to help resolve them. The Chinese government has been trying to take some of the air out of an inflated real estate market, but it’s not going to be a soft landing. Celebrating something? Let u...
Jan 13, 2023•8 min
Data from past recessions shows us that blue-collar workers usually bear the brunt of the impact. This time around, the trend is on track to flip into reverse. In the market for a sublet? How about a seven-floor, 348,100-square-foot office space that was supposed to be inhabited by a Canadian tech giant? Many people have a dream of owning a small business. However, it might make more sense just to take over an existing business, as there will soon be plenty of them hitting the market. Celebratin...
Jan 12, 2023•8 min
In recent years, Canadian companies have been pouring money into Mexico. If you’re looking to save some money on groceries (and who isn’t), some startups are hoping you’ll drop coupon clipping in favour of scouring apps to score bags of half-off produce. The days of tweeting #BellLetsTalk (and giving yourself a little pat on the back for it) have come to an end as the telecom giant revamps its famous mental health campaign. Celebrating something? Let us know here: https://thepeak.typeform.com/to...
Jan 11, 2023•8 min
If paying upwards of $670 to eat reindeer brain custard at the world’s best restaurant is on your bucket list, you have until 2024 to secure a reservation (so start calling in favours). In what’s basically a rite of passage for any sector of the economy looking to be taken seriously, Stats Canada is now officially tracking the hard data around gig work. After watching the new Top Gun, we’ve realized that fighter jets are super cool. We also suspect the timing of the government’s first jet order ...
Jan 10, 2023•8 min
Canadians have long headed to the US to shop, but the trend is reversing as Americans flock north to get their hands on a diabetes drug that’s gone viral for its weight loss effects. Like a beefy bro at the gym, Canada’s seeing some serious gains. Job gains from last month, that is. As attention shifts away from the absolutely ancient fad of crypto, AI startups are now taking centre stage. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO
Jan 09, 2023•7 min
Home sales in Toronto and Vancouver, the country’s largest housing markets, fell by ~50% last month compared to the year before, while average selling prices fell by 9% to ~$1,050,000 and 3% to $1,114,000, respectively, in the same time frame. As Canada ramps up efforts to meet its lofty decarbonization goals, the country’s oil sands are scrambling to keep up. CES, the world’s biggest tech trade show, kicked off yesterday in sunny and sinful Las Vegas with tech companies big and small ready to s...
Jan 06, 2023•9 min
What comes after a surge in employee turnover? A surge of untrained employees. Things have been stormy in the eurozone the past few months, but the clouds are starting to break as peak inflation is now behind Europe thanks to sliding natural gas prices. On New Year’s Day, Ukraine carried out a hugely successful strike on a Russian military site. Russia claims Ukraine pulled it off by locating soldiers who were using cell phones—a sign of Ukraine’s ongoing technological prowess in the warzone. Ce...
Jan 05, 2023•8 min
Some Western countries are looking to play Robin Hood by taking Russia’s money and giving it to Ukraine, but it’s not as simple as swooping in with a crossbow and green tights.Changes by Apple to limit how companies track iPhone users has created an opportunity for Shopify to turn its advertising business into a growth engine this year, president Harley Finkelstein told the Financial Times. Activity in Canada’s manufacturing sector is seeing its longest slowdown in seven years thanks to a drop i...
Jan 04, 2023•8 min
If you’ve been avoiding the news for the past ten days, don’t stress—that’s what the holidays are for. We’re here to get you caught up on the big stories you might have missed while spending your time on more festive matters. Changes by Apple to limit how companies track iPhone users has created an opportunity for Shopify to turn its advertising business into a growth engine this year, president Harley Finkelstein told the Financial Times. We thought we would end off our special first episode of...
Jan 03, 2023•9 min
The company that once tweeted “love is sharing a password” is now rolling out plans to target over 100 million people who watch the service using borrowed passwords. With most of the country affected by an extreme cold or winter storm alert—or both—the biggest travel weekend of the year is sure to be an eventful one. The federal government unveiled the details of a two-year ban on foreign home buyers set to kick in on January 1st (and as last-minute Christmas shoppers, we really get leaving the ...
Dec 23, 2022•8 min
Many of us may be powering down for some holiday R&R, but inflation is still hard at work, making our lives even more expensive. If you thought seeing stock markets freefall for the last year would have scared off investors, let us introduce you to the incoming wave of do-it-yourself Canadian traders. $2.4 million worth of bitcoins were mysteriously transferred from virtual wallets linked to QuadrigaCX, the bankrupt Canadian crypto exchange that was revealed to be a Ponzi scheme. Celebrating...
Dec 22, 2022•8 min
3M will stop making and using “forever chemicals” by the end of 2025, amid growing concern from governments and the public that the substances can cause serious health problems. This month, parents across the country have been attending various year-end recitals, but the privilege of seeing their little ones scamper in the spotlight is pricier than ever. A nationwide ban on the production and import of some single-use plastic items, including grocery bags, cutlery, straws (remember those?), and ...
Dec 21, 2022•8 min
Elon Musk asked Twitter users via poll—his preferred decision-making method as of late—if he should step down as the head of Twitter. Of over 17.5 million responses, 57.5% said yes. Epic Games, maker of the popular video game Fortnite, has agreed to pay US$520 million to resolve two US Federal Trade Commission (FTC) complaints. It seems like most carmakers are aboard the electric vehicle (EV) bandwagon these days… But not according to Toyota President, Akio Toyoda. Celebrating something? Let us ...
Dec 20, 2022•8 min
Shopify has had a stunningly bad year, but then again, so have most tech giants. Wouldn’t you love to fly across the world knowing you weren’t also contributing to the perils of climate change? Well, soon that dream could become a reality. As Elon Musk’s Twitter faces increasing backlash, the billionaire has shown he’s not afraid to rule the platform with an iron fist. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO The Peak Daily is produced by 306 Media Produc...
Dec 19, 2022•7 min
Danish beer titan Carlsberg is buying Canadian brewery Waterloo Brewing for a cool, crisp, and hoppy $144 million in the largest deal ever for a Canadian brewery. The US Justice Department and Securities Exchange Commission (SEC) charged eight finance influencers with defrauding investors of US$114 million through “pump and dump” schemes, in which they encouraged followers to sink money into penny stocks to artificially inflate their prices and then sold their shares of to earn a tidy (and illic...
Dec 16, 2022•9 min
Like many of us, the world’s central banks are ready for a re-brand in 2023: Out with the inflation-fighting fun-sucking and in with a cooler and more laid-back approach to rate hikes. Google heard all the clamour about ChatGPT (OpenAI’s AI chatbot that’s been heralded as a huge leap forward in the field) and how it could one day take on Google Search. In response, the company is telling everyone to take a serious chill pill. China is rolling back their COVID Zero policy. Celebrating something? ...
Dec 15, 2022•9 min
Today is the final day of the hearing that will decide the fate of the Rogers-Shaw merger, a deal that has wide-ranging implications for competition in Canada’s telecoms industry. Please, stop us if you’ve heard this one before, but Elon Musk’s Twitter just made a big change involving safety and moderation leaving a whole bunch of people on bad terms. Feeling gloomy about the state of Canada’s economy these days? You aren’t alone. New polling by Crestview Strategy shared exclusively with The Pea...
Dec 14, 2022•9 min
Could the sport that finally breaks the ranks of the Big Four North American Leagues really be one that’s named after a briny, preserved vegetable? If you thought things couldn’t get worse for the crypto world, this week may force you to think again. Seven interest rate hikes later, personal finances have seen better days. 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.
Dec 13, 2022•9 min
Québec became a destination for crypto mining, a practice often criticized for its high energy use, by boasting some of North America’s cheapest energy prices. But now, Hydro-Québec has asked the province for permission to reallocate energy to other projects, per *The Wall Street Journal.* According to Deloitte Canada, the average household will spend $1,520 this year on the holidays, 17% less than in 2021, as Canadians brace for economic headwinds. Important news for skiiers and snowboarders: I...
Dec 12, 2022•9 min
The holiday season has always been a time for opening our hearts and wallets to charity, but this year, more Canadians are cutting giving out of the budget as they try to conserve cash. A dozen developing countries might spin into a debt crisis within the next year, spelling financial trouble for some of the world’s most vulnerable people, per The New York Times. The government is looking to implement new rules under the Investment Canada Act that would require foreign actors to give advanced no...
Dec 09, 2022•8 min
We’ve come a long way since the 8.1% inflation rate seen in June (a near four-decade high), but if you ask the Bank of Canada (BoC), the economy still has some way to go. GoodLeaf, a Guelph-based indoor farm, raised $150 million from McCain and the investing arm of Quebec insurer Power Corp to expand its greens into a national brand. Canada has invested billions into the critical minerals mining sector this year with grand ambitions to become a major player in the global supply chain for electri...
Dec 08, 2022•9 min
A corporate one-two punch has left the executive bench at Salesforce looking a bit empty. After the Canadian men flamed out of the World Cup, a new group is trying to keep soccer fever alive and well with a focus on Canada’s (historically way better) women players. The UN’s COP15 biodiversity conference commences today in Montreal with over 10,000 participants set to discuss how to protect and increase the world’s plant and animal life. Celebrating something? Let us know here: https://thepeak.ty...
Dec 07, 2022•9 min
Stablecoin group Circle has abandoned its plans to go public, one of the first signs that the fall of crypto exchange FTX is starting to hit even digital assets regarded as the least risky. Folks, Canada’s got a serious case of the ol’ [“inverted yield curve.”](https://www.bnnbloomberg.ca/yield-curve-inversion-hits-widest-in-canada-since-early-1990s-1.1854997#:~:text=The yield on Canada's benchmark,Toronto time.) Former meme stock darling Hertz doled out US$168 million to settle 364 claims that ...
Dec 06, 2022•9 min
OpenAI (the lab behind the AI-powered DALL-E image generator) launched its new AI chatbot ChatGPT to the public as part of its beta test. China’s President Xi Jinping has publicly acknowledged the protests that have erupted across the country in response to the government’s strict anti-Covid measures. Volkswagen is setting its sights on Canada for a new electric vehicle (EV) battery factory after a recently signed agreement effectively added the country to a shortlist of potential locations for ...
Dec 05, 2022•8 min
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...
Dec 02, 2022•8 min
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://thepea...
Dec 01, 2022•10 min
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: ...
Nov 30, 2022•9 min
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 co...
Nov 29, 2022•9 min
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? Le...
Nov 28, 2022•8 min
