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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

Moon landings 🌕 — The new race to the Moon. Meta launches an AI translator. Subway finds a potential buyer.

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

Aug 23, 20238 min

New travel hotspot 🏖️ — A Montréal housing bylaw falls short. The high art market goes low. Move over Italy, it's all about Albania.

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 fr...

Aug 22, 20239 min

New EU rules 🇪🇺 — Firefighters make progress battling BC blaze. Sweeping EU tech rules set to take effect. One year of subsidy wars.

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 t...

Aug 21, 20238 min

Gamifying sobriety 🍻 — Cities are feeling the pinch. Gamifying sobriety shows. One year of subsidy wars.

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

Aug 18, 202324 min

German cannabis 💨 — Canadian cannabis eyes Germany. Google is turning Bard into a life coach. Tinder wants you to pay up for better matches.

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 k...

Aug 17, 20237 min

Budget cutting ✂️ — Six weeks to cut $15 billion. Dental bills sharpen their teeth. You’ve heard of Mambo No. 5, but what about Indictment No. 4?

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

Aug 16, 20237 min

Student housing 🏠 — New AI rules on the way in Canada. Stepping up for the student housing crisis. Why are Nova Scotian waters glowing pink?

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?...

Aug 15, 20239 min

AI love ❤️ — AI is trying to win your heart. The question vexing economists: Why did inflation fall? The record-breaking business of Guinness World Records

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.typefor...

Aug 14, 20239 min

Hunt for T-Swift tickets 🎤 — My kingdom for a T-Swift ticket. Hacking contest aims to fix holes in AI models. US escalates tech war with China.

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

Aug 11, 20239 min

AI music 🎶 — A pipeline’s debt debacle. Record labels seek deal on AI-generated music. China’s topsy-turvy pricing problem.

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

Aug 10, 20238 min

New energy source 🔌 — Are big sporting events worth it? Workcations are booming. A major energy breakthrough.

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/MNdY...

Aug 09, 20239 min

New energy source 🔌 — Are big sporting events worth it? Workcations are booming. A major energy breakthrough.

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/MNdY...

Aug 08, 20239 min

E-commerce battle 🛍️ — Alberta pauses on renewables. An e-commerce turf war is brewing. Ozempic vs. berberine.

Wind and solar are the [fastest-growing sources](https://www.cnbc.com/2023/04/12/wind-and-solar-generated-a-record-amount-of-global-power-in-2022.html#:~:text=Solar was the fastest-growing,electricity demand of South Africa.) 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” altern...

Aug 04, 20238 min

New space station 🛰 — US credit is no longer #1. Hope you like chatbots. The race to replace the ISS.

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

Aug 03, 20238 min

Economics of aliens 👽 — Saudi Arabia eyes the mining game. Canada wants tech-savvy immigrants. The (hypothetical) economics of alien contact

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

Aug 02, 20238 min

Economics of aliens 👽 — Saudi Arabia eyes the mining game. Canada wants tech-savvy immigrants. The (hypothetical) economics of alien contact.

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

Aug 01, 20239 min

New trains 🚊 — Your pension fund’s next investment: Transit. OpenAI’s deal with AP comes with a catch. El Salvador’s gang crackdown.

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 tende...

Jul 31, 20239 min

Random range 🚗 — All hail resale. Is the West done raising rates? Tesla hasn’t got the range.

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

Jul 28, 20237 min

Cabinet shuffle 🏛️ — Canada’s Cabinet kerfuffle. The cost of the immigration boom. The dynamic price is right.

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....

Jul 27, 20237 min

Twitter is now X 🐦 — The race to build a super-app is on. Why Vancouver’s proposed zoning law matters. What in the Worldcoin?

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

Jul 26, 20239 min

Declining wine 🍷 — El Niño could mean higher food prices. Fine wine’s value takes a hit. The race is on to make flying cleaner.

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?...

Jul 24, 20238 min

Barbenheimer 👚 — It’s a Barbenheimer world. Google showcases its new robo-reporter. FBI of the North

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.t...

Jul 21, 202310 min

New tax now  🤑 — Canada wants its new tax now. Bosses want to boss from home. Alberta’s open for business.

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

Jul 20, 20238 min

More fires 🔥 — Millions across North America under air quality advisory. Little relief for big global debt. Nike cuts ties with Hockey Canada.

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

Jul 18, 20238 min

Private jets 🛩️ — The new 9-to-5 may be here to stay. Private is the only way to go (if you’re a CEO). Canada and Australia are two peas in a pod.

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

Jul 17, 20238 min

Strike over 🪧 — Port strike coming to an end. Blame the Hollywood strike on AI. Canadian car costs are soaring.

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

Jul 14, 20238 min

Bank for sale 🏦 — What’s next after the latest rate hike. Laurentian throws up the “For Sale” sign. Canadian watchdog launches probe into Nike.

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

Jul 13, 20239 min
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