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The Peak Daily

The Peak / Curiouscastanchor.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

Fire money 🔥 — Postmedia and Nordstar call things off. The US shatters Ukraine’s NATO dreams. The economic cost of wildfires piles up

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

Jul 11, 20238 min

Cannonball 🏊‍♀️ — Mercedes joins Tesla charging network. Vision Pro arriving next year—if you don’t mind Apple scanning your face. Canada’s lifeguard industry needs saving.

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/t...

Jul 10, 20238 min

Emoji law 👍 — Stellantis stalemate comes to a close. Threads takes off. Emoji law.

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](https://www.bnnbloomberg.ca/thumbs-up-emoji-can-represent-contract-acceptance-sask-court-finds-1.1941866#:~:text=court finds,-Ben Cousins%2C BNN&text=A “thumbs up” emoji can,of King's Bench for Saskatchewan.) (👍) can be a valid confirmation of a contractual agreement after finding a fa...

Jul 07, 202310 min

Twister 🌪️ — Meta launches a Twitter rival. Tornadoes put Canada in the spin cycle. CEOs are putting in the work.

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](https://www.publicsafety.gc.ca/cnt/mrgnc-mngmnt/ntrl-hzrds/trnd-en.aspx#:~:text=Canada probably gets more tornadoes,at any time of year.)… 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, ...

Jul 06, 20239 min

Twister 🌪️ — Meta launches a Twitter rival. Tornadoes put Canada in the spin cycle. CEOs are putting in the work.

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](https://www.publicsafety.gc.ca/cnt/mrgnc-mngmnt/ntrl-hzrds/trnd-en.aspx#:~:text=Canada probably gets more tornadoes,at any time of year.)… 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, ...

Jul 05, 20238 min

Port strike ⛴️ — BC port strike enters fourth day. Wanted: Construction workers. The low-down on Canada’s new clean fuel rules.

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:/...

Jul 04, 20238 min

No more news 📰 — Google bans the news. Cyberattacks come with a high price. It’s all about AI at Collision.

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://the...

Jun 30, 20238 min

Crypto comeback 🪙 — FTX is plotting a comeback. Job ads show a wage growth slowdown. Meta rolls out new social media safeguards

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 par...

Jun 29, 20238 min

Collision conference 👩‍💻 — Inflation slows, but still has a way to go. Collision conference arrives in Canada. Canada’s grocery sector needs more competition.

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 G...

Jun 28, 20238 min

Expensive roofs 🏠 — Construction costs are sky-high. You’re telling me a robot made these drugs? Adidas wins patent fight with Nike… this time.

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 Vis...

Jun 27, 20237 min

Putin’s chaotic weekend 📅 — Vladimir Putin had a chaotic weekend. India's secret weapon for dealing with red tape: AI chatbots. Canada’s accounting shake-up.

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...

Jun 26, 20238 min

Musk vs. Zuck 🥊 — The fight of the century: Musk vs. Zuck. Bread price fixing. And fake meat isn’t meeting expectations.

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 Gif...

Jun 23, 20239 min

Sub search 🌊 — Sub search turns up empty. The IMF has some advice for Canada. A sweet tooth, in this economy?

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 Gi...

Jun 22, 20239 min

Movie woes 🎞️ — Publishers want Big Tech to pay up. Ozempic ads are here, there, and everywhere. Are moviegoers tired of Pixar and superheroes?

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 th...

Jun 21, 202310 min

Plane sale ✈️ — Canada has a housing market twin. Paris Air Show takes off. What will central banks do next?

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 ta...

Jun 20, 20238 min

Uninsurable 🔥 — Cancer rates surge among young people. Canada spurns global arms build-up. Will Canada become uninsurable?

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 be...

Jun 19, 20238 min

Maple syrup bust 🍁 — A $150 million maple syrup meth bust. As rates rise, Canadians’ debt gets riskier. Canadian grocers face potential windfall tax

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](https://www.cbc.ca/news/business/grocery-code-of-conduct-1.6832120#:~:text=The code is intend...

Jun 16, 20238 min

Bey-flation 🎤 — Beyonce inflation. Regulation is knocking on AI’s door. Toyota EVs aim to go farther

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. Celebratin...

Jun 15, 20239 min

Streaming sports 🎾 — Western ports hit choppy waters. IKEA’s AI future. Netflix gets creative with sports streaming

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....

Jun 14, 20239 min

Swoop no more 🛬 —  Reddit fades to black. Canada joins the US corn crusade. Swoop…and it’s gone.

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](https://www.reuters.com/business/aerospace-defense/westjet-pilots-tentative-deal-24-hourly-raise-over-4-years-document-shows-2023-05-26/#:~:text=World at Work-,WestJet%2C pilots in tentative deal for 24%25 hourly raise,over 4 ...

Jun 13, 20238 min

Zuck’s plan 🥽 —  US regulators push crypto to the brink. Zuck’s plan. Do energy drinks have too much energy?

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 - We're looking to learn more about YOU! Please click the link below ...

Jun 12, 20239 min

We sold The Peak 📈 — The Peak sells to Moses Znaimer’s ZoomerMedia. Uber wants you to share. Meet the Chinese e-commerce app dominating the App Store charts.

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/MNdYA...

Jun 09, 20237 min

Car theft crisis 🚗 —  Car thefts in Canada are a “national crisis”. How much AI is too much AI? Meta’s biggest attack yet on Canada’s online news act.

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 disa...

Jun 08, 20239 min

Golf merger ⛳️ —  The SEC comes for crypto’s biggest names. The PGA and LIV Golf link up. Office vacancies are trending up.

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 - We're looking to l...

Jun 07, 20238 min

Vision Pro 🥽 —  Apple meets the AR moment. The UN’s plastic problem. I’m an AI, and I endorse this message.

Apple unveiled its long-awaited augmented reality (AR) headset at its Worldwide Developer’s Conference yesterday—the Vision Pro—a sleek pair of goggles with a battery pack that looks like something a cyberpunk hacker would wear while hitting the slopes. Last year, the UN agreed on an ambitious goal to devise a treaty by 2024 aimed at ending plastic pollution. But like any group project, there are some major differences of opinion. Separating fact from fiction in an election campaign is difficult...

Jun 06, 20238 min

Wildfire tech 🔥 — Big city landlords have a cash flow problem. Tech takes on wildfires. Charging station shortage poses EV roadblock.

Rents in Canada’s big cities are through the roof, and somehow many landlords are still losing money on their rental properties. It’s just another day in our wild, wild housing market. Wildfires have turned into a fact of life for millions of Canadians, and a growing cohort of entrepreneurs and investors are developing technology to limit the damage they cause. Around the world, the push is on to get people to drive electric vehicles, but one big hurdle persists even in the most EV-friendly plac...

Jun 05, 20239 min

Greek sun ☀️— Greeks and Albertans team up on solar power. Canadian travellers enjoy their last hurrah. Nova Scotia faces record fires.

New to the list of things Greece is famous for—after (of course) philosophy, souvlaki, and beaches—is solar power. In a new energy deal, Alberta hopes to learn a thing or two. Canadians are booking their summer getaways in record numbers, but the good times may be coming to an end. An out-of-control wildfire in southwest Nova Scotia is now the largest in the province’s history, and still burning out of control. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO - W...

Jun 02, 20239 min

Class action suit 👨‍⚖️ — Stellantis subsidies could surpass VW’s. Retailers want to replace tags with QR codes. Shopify faces class action suit over severance pay.

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.ty...

Jun 01, 20239 min

Car thief 🚗 — Your Kia is (kind of) safe in Canada. Canada’s ketamine supplies are running low. A small province tackles big problems.

A year after the “Kia challenge”—the “challenge” is to steal a Kia—emerged on TikTok, software fixes haven’t stopped thieves from continuing to make off with stolen cars. You may know ketamine by its use as an animal sedative or status as a Schedule 1 drug, but the demand for it as a treatment for anxiety and depression is also booming. Canada’s smallest province is getting bigger. Prince Edward Island (PEI) will be home to 200,000 people by 2030, according to projections released by its provinc...

May 31, 20239 min

Busy parks 🏞️ — Canada’s national parks are selling out fast. A tale of two job markets complicates labour shortage story. And Quebéc gets stricter on immigration.

Ahhh, spring. If you ask us, there’s no better time to take advantage of the great Canadian outdoors… that is, if you can snag a reservation. We’ve all heard plenty about Canada’s labour shortage by now, but a new StatsCan report shows that understanding the state of the job market is way more complicated than counting the number of “help wanted” signs. *If you don’t know your j’ai fini from your [je suis finis](https://www.bbc.co.uk/languages/yoursay/lost_for_words/french/deadly_food.shtml#:~:t...

May 30, 20238 min
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