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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

Brain drain 🧠 — Banks brace for bad loans, Canadian miners are fleeing.

Scores of Canadian lawyers have fled for the bright lights of New York in recent years, clearly inspired by the undying popularity of Suits. Canadian Bank Earnings Week is underway, and while we admit it’s not as exhilarating as Shark Week, it can teach us some valuable lessons about the murky waters of the economy. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

Feb 28, 20248 min

Coming in hot 💻 — Proposed online safety laws come in hot. Germany legalizes recreational cannabis.

Today in news that we’re sure politicians will take in super chill fashion, the federal justice minister unveiled the first draft of a long-awaited Online Harms Act. This year’s Oktoberfest celebrations could have a much chiller vibe, and it’s all thanks to some weed-loving lawmakers in Germany. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

Feb 27, 20247 min

Grounded 🛬 — Another budget airline bites the dust. Why chocolate prices are high, and likely going higher.

In what’s probably the most rational decision the company’s made since changing its name from Jet Naked, Lynx Air has decided it’s time to throw in the towel. Got a sweet tooth? Now might be a good time to replenish your personal Strategic Chocolate Reserve, because already-high prices for cocoa-based treats are only going up. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

Feb 26, 20248 min

Vintage wine 🍷 — Cold snap lays B.C.’s wine crop to waste. Uber launches delivery robots in Japan

If you stumble across a bottle of 2024 vintage B.C. wine when perusing the liquor store this year, we recommend you pick it up. It could be a collector’s item one day. A new army of robots is coming… but don’t worry, they’re not trying to take over the world, they’re just here to deliver your McDonalds. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

Feb 22, 20249 min

Hat trick 🏒 — Women’s hockey breaks records, Maple Syrup bounces back.

Less than two months after hitting the ice, North America’s new pro women’s hockey league is already breaking records. Unseasonably warm weather isn’t just giving us a headstart on patio season, it's giving our prized maple syrup businesses a head start on their harvest. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

Feb 20, 20248 min

Defence dollars 💸 — NATO nations are spending, Waymo pulls driverless cars.

While most of us are trying to save up these days, NATO nations are spending on defence like a rich kid who got their hands on their father’s credit card. You think you had a rough week? Waymo had one of its cars literally set on fire in the middle of San Fransisco — and that’s not even their biggest problem. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

Feb 16, 20249 min

Roblaw$ 🛒— T-Shirt dispute, Alberta’s booming honey industry.

The Loblaw corporation has previously beefed with Frito-Lay and other smaller suppliers. Now, it’s in a spat with a guy making novelty T-shirts. Like when Jerry Seinfeld’s beloved Bee Movie character Barry B. Benson finally settled down with a nice florist, Canadian honeybees have found themselves a loving home. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

Feb 15, 20249 min

Not guilty 👩‍⚖️— Canada’s short on judges, The cost of the World Cup.

Housing isn’t the only shortage facing the federal government these days: It turns out there are about as many judges in Canada as there are apartments for under $1,500. Like us after putting down a non-refundable deposit to book the perfect venue for a birthday party, Vancouver and Toronto are hoping that playing host will be worth it. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

Feb 14, 20249 min

Catalogue for sale 🎶 — Biden joins TikTok, Investors flock to music catalogues.

It wasn’t too long ago we were writing regularly about plans by U.S. lawmakers to ban TikTok. It now seems like those plans have taken a backseat to politics. The competition might’ve been tough for the King of Pop’s music library, but Sony and its big chequebook told the other investors to beat it. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

Feb 13, 20249 min

AI Spy 🕵️‍♀️ — Bosses turn to AI to spy on workers, Investors flock to psychedelics.

Think twice before sending that disparaging Slack message about your manager. Someone—or rather, something—could be watching. As they did with shirtless hippies in the ’60s, psychedelic drugs are having a moment—but this time around, it’s investors (with their shirts very much on) swooning over ‘shrooms. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

Feb 12, 20248 min

Bowl-o-rama 🎳 — Bowling is booming in Canada, Google’s got a new chatbot.

At the height of the pandemic, nothing could be more frightening than repeatedly touching a germ-infested item hundreds of other strangers had handled. Now, we can’t get enough of it! Now that Google and the federal government have squashed their beef over paying news publishers, the search giant is giving Canadians access to its shiny new chatbot. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

Feb 09, 20248 min

WeWork back 🏢 — WeWork has a familiar buyer. AI content on Meta.

In what could be the most shocking reunion since Ben Affleck and J-Lo, WeWork co-founder and ex-CEO Adam Neumann has sent the proverbial “u up?” text to his old business. With AI deepfakes becoming more common on Facebook than old high school classmates promoting their multi-level marketing schemes, Meta has decided it’s time to step in. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

Feb 07, 20249 min

Investors love Meta again 📱 — Spotify shakes things up. Meta is back.

Everyone you know under the age of 40 may have logged off Facebook years ago, but that’s not doing anything to slow down parent company Meta’s surging stock. Done with the days of throwing millions at anyone with a microphone and a few Instagram followers, Spotify is taking a new approach to its podcast business. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

Feb 06, 20249 min

Investors love Meta again 📱 — Spotify shakes things up. Meta is back.

Everyone you know under the age of 40 may have logged off Facebook years ago, but that’s not doing anything to slow down parent company Meta’s surging stock. Done with the days of throwing millions at anyone with a microphone and a few Instagram followers, Spotify is taking a new approach to its podcast business. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

Feb 05, 20248 min

Rent record 🏠 — Challenging rental market. Canada is drying up.

A new housing report has confirmed a tough truth: Canada’s rental market has become more crowded than a gym’s weight room in early January. Just like the sober-curious crowd, western provinces are partaking in Dry February… though not by their own choice. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

Feb 02, 20248 min

Makin’ babies 👶— TikTok vs. Universal Music, Musk loses $55.8B pay package.

The latest supply shortage to hit Canada: newborns. The country’s fertility rate fell to its lowest level on record in 2022, with a paltry 1.33 children born per woman that year. Finding the perfect banger to soundtrack your next TikTok vid just got a lot harder. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

Feb 01, 20248 min

Pharmacy pact 💊 — Walmart managers cash in, A new painkiller innovation.

In a not-so-romantic Canadian pairing, an insurance giant and grocery conglomerate have officially announced they are exclusive. While it seems like layoffs are happening left, right, and centre these days — because, well, they are — some companies are going to great lengths to retain workers. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

Jan 31, 20247 min

Ho-Ho Housing 🏠— Leon’s is building homes. Evergrande liquidation.

Like a boxer hanging on by a thread, one of China’s biggest real estate developers is being forced to throw in the towel. After 115 years in business, Leon’s Furniture is getting into the house-building game. No word yet on whether homes come fully furnished with brand-new pieces from the showroom. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

Jan 30, 20248 min

📈 Formula E — A different kind of EV race, The U.S. rolls back on LNG.

Electric car racing might not be popular enough for its own Netflix show (yet), but Formula E cars are blossoming into stars for the legacy automakers that own them. In a surprise move, Canada’s southern neighbour is pumping the brakes on its booming natural gas business. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

Jan 29, 20248 min

Pipeline nears opening 🛢️ — The Trans Mountain pipeline hits the home stretch. Canada adds India to election interference probe.

After hitting more speed bumps than a driver in a school zone and going so over budget that it would make the Olympics blush, the completion of the Trans Mountain oil pipeline (TMP) is near. Canada’s relationship with India is getting icier than a car windshield post-snowstorm. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

Jan 26, 20247 min

Student cap 👩‍🎓 — Feds call cap on international students. What’s going on at Gildan?

After months of pressure to crack down on colleges that have been accused of exploiting international students, Canada is capping study permits at 360,000 students this year. The company that supplies the T-shirts for your work functions is at the centre of a power struggle filled with almost as much corporate drama as a Succession episode. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

Jan 23, 20249 min

Sports shakeup 🏈 — Stock surge could cushion broader downturn. Networks gear up for the live sports streaming era.

If we’re still in a “vibecession,” someone forgot to tell the stock market — over there, things are better than ever. As if supporting Canadian sports teams wasn’t hard enough on its own (please don’t talk to us about the Leafs), broadcasters could soon make it even tougher (and expensive) to tune in to games. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

Jan 22, 20247 min

Sandwich showdown 🍞— Sub wars come north. CEBA deadline looms.

If your usually chipper barista seems a little on edge, it might be because today is a very stressful day for many small businesses across the country. In a move that sounds like the plot of a Martin Scorsese mafia movie, U.S. sandwich chains Jersey Mike’s and Jimmy John’s are gearing up for a turf war north of the border. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

Jan 18, 20248 min
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