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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

Taking off 🚀– Boeing sends a capsule to space, Gordie Howe Bridge nears completion.

After years of hard work and numerous setbacks, Boeing has sent astronauts into space — and without any windshield cracks or doors blowing off. After nearly six years of construction, the biggest bridge to ever connect Canada and the U.S. is now just 11 metres away from completion. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

Jun 06, 20247 min

Streamer tax 💵 – Interest rate decision day is here, Streamers ordered to fund Canadian content

With inflation stabilizing below 3% and the economy slowing, Bank of Canada (BoC) Governor Tiff “Big Mack” Macklem is expected to finally cut its policy rate today from 5% to 4.75%. Paw Patrol has been doing a great job carrying the Canadian film industry on its back lately, but Ottawa is keen on bringing in some reinforcements. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

Jun 05, 20248 min

Hanging up 📞 – **“Alberta is calling” may have backfired. Banks earnings season comes to a close.**

With the promise of cheap housing and good jobs filling subway and billboard ads across the country, herds of young people have moved to Alberta’s comparatively cheaper pastures. Canadian lenders are still feeling the effects of high interest rates on earnings, but more deal-making helped offset losses — even as the mean ol’ Bank of Canada waits to cut rates. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

May 31, 20248 min

Movie hangover 🎥– Barbenheimer box office hangover, Windsor’s plan to save its downtown.

This past weekend, Canadian and U.S. box office numbers were down 40% compared to last year, after disappointing new releases by both Furiosa and Garfield. In fact, it was one of the weakest Memorial Day weekends seen at the movies since the early 1980s. As cities across Canada grapple with high office vacancy rates, Windsor has rolled out a $3.2 million plan to lure people back into its desolate business district. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

May 29, 20248 min

Movie hangover 🎥– Barbenheimer box office hangover, Windsor’s plan to save its downtown.

This past weekend, Canadian and U.S. box office numbers were down 40% compared to last year, after disappointing new releases by both Furiosa and Garfield. In fact, it was one of the weakest Memorial Day weekends seen at the movies since the early 1980s. As cities across Canada grapple with high office vacancy rates, Windsor has rolled out a $3.2 million plan to lure people back into its desolate business district. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

May 28, 20247 min

No baggage ✈️ – WestJet rolls out cheap seats, Shein and Temu imports are overwhelming.

Air travel is starting to feel more and more like building a Chipotle bowl: If you want the good stuff, it’s going to cost you. Online bargain bin giants like Shein and Temu have benefitted from long-standing tax breaks forgoing duties on foreign packages under a certain price threshold, but that might soon end. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

May 24, 20246 min

Low risk 📊— Troubling times for Lululemon, Pension plans are lowering risk.

Tariffs recently announced by the U.S. on a slew of Chinese imports have forced Canada to answer some tough questions about its climate plans. Western Canada has seen an early start to the wildfire season, but some new high-tech cameras are proving to be a powerful weapon for fighting the flames. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

May 23, 20248 min

Trade tribulations 🚙— Canada has a tariff dilemma. AI cameras notch assist in wildfire fight.

Tariffs recently announced by the U.S. on a slew of Chinese imports have forced Canada to answer some tough questions about its climate plans. Western Canada has seen an early start to the wildfire season, but some new high-tech cameras are proving to be a powerful weapon for fighting the flames. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

May 22, 20248 min

Up in flames 🔥 — Phoenix is burning cash, Via Rail ridership is up.

Jumping on the train might seem like a nice alternative to a traffic jam… until you realize your train is also sitting in a traffic jam. Unlike the mythological bird of the same name, the federal government’s Phoenix payroll system is not going to rise from the ashes. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

May 17, 20249 min

High fashion 🧥  — Canada Goose gets creative. Netflix gets into the NFL.

Canada Goose — the iconic Canadian brand that began by making jackets for park rangers before pivoting to making status symbols for Bay Street traders — is getting even bougier. The value of global sports TV contracts is set to reach US$62.4 billion this year. The NFL alone accounts for ~20% of that total. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

May 16, 20247 min

Northern lights 🌌 — Solar storm exposes risks for farmers. Ontario will start banning car thieves from driving.

A powerful solar storm over the weekend created more than a brilliant light show for people across the country — it also caused technological headaches for farmers. To curb rising auto theft in the province, the Ontario government is taking a page out of our parents’ playbook and threatening to take away driving privileges: A new law will introduce driver's licence suspensions of at least 10 years for some convicted car thieves. Celebrating something? Let us know here: https://thepeak.typeform.c...

May 15, 20248 min

Encoure 📈 — Meme stocks vie for an encore. Cineplex leans into premium experiences.

GameStop shares surged ~72% yesterday after Keith Gill, the man best known for driving the meme stock mania of 2021 under the name “Roaring Kitty,” came back onto social media after a three-year hiatus. As of writing, the X post has attracted more than 16 million views. Movie theatres hope that adding a few bells and whistles will distract you from the fact that they’re not playing anything you actually want to see. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3T...

May 14, 20248 min

Business students 👩‍💼 — The business of international students. El Niño is ending soon, but summer is still looking hot.

Despite glaring labour shortages in sectors like healthcare, education and skilled trades, Canada has long favoured business students when granting international student visas. On the docket for this summer: worship the sun, rediscover that you have a personality, and… the weather pattern change you learned about in Grade 8? Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

May 10, 20248 min

Fired up 🔥— Northvolt protests get extreme, Intact is fireproofing homes.

If you’re having a bad start to the work day, at least be grateful you don’t have to deal with Molotov cocktails at the workplace. Intact, a property insurer, is launching a pilot program to reduce wildfire the damage to homes in Western Canada this year. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

May 08, 20248 min

Dirty laundry 🧺 — Wegovy comes to Canada, TD embroiled in U.S. investigation

After filling doctors' prescription pads in the U.S., Wegovy is taking its talents north of the border. For well over a year, Bay Street wondered what TD had done to find itself at the heart of a U.S. money laundering probe. After a long, mysterious wait, we’ve got some answers. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

May 07, 20249 min

Ready to roll  — Trans Mountain expansion opens, Businesses are jet-setting, Saying bye to coal.

For the last decade, the Trans Mountain pipeline has been like the kid that just keeps asking their parents for more money. Today, it finally has something to show for all that cash. After a three-year hiatus, business travellers are wiping the dust off their old carry-ons and saying sayonara to their home offices. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

May 01, 20248 min

Prime time 🏀 — Amazon locks up NBA deal, the Yen keeps falling.

Amazon is spending billions of dollars to make sure fans have to get Prime to watch the Raptors lose. Now might be a good time to book that trip to Japan you’ve been dreaming of because your loonie is going to go a lot further than it used to. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

Apr 29, 202419 min

Productivity problems 📉 — Honda’s $15 billion EV bet, The GDP per capita dips.

Like a rapper officially releasing a leaked diss track, Honda has dropped a long-awaited project that’s making waves throughout the industry. Even with AI tools, highly caffeinated beverages, and a roster of podcasts eager to tell us all how to work “smarter,” Canadians are in a bit of a productivity slump. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

Apr 26, 202419 min

Grocers wanted 🛒 — Feds lure global grocers, A new inflation theory.

Things coming to Canada this year: Shake Shack, the Eras Tour, and… a unionized Amazon warehouse? A group of delegates will spend the week in the nation's capital comparing notes on why plastic is, in fact, not so fantastic. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

Apr 24, 20248 min

Grocers wanted 🛒 — Feds lure global grocers, A new inflation theory.

Things coming to Canada this year: Shake Shack, the Eras Tour, and… a unionized Amazon warehouse? A group of delegates will spend the week in the nation's capital comparing notes on why plastic is, in fact, not so fantastic. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

Apr 23, 20248 min

Tesla slashes prices in major markets. The world’s top-selling EV maker is again cutting prices on popular models by nearly US$2,000 in the U.S., China and Germany as it tries to keep pace in the accelerating EV price war.

Québec workers reject Airbus contract offer. The roughly 1,300 unionized workers at the Mirabel, Québec Airbus plant have rejected a third contract offer from the plane manufacturer, with almost 70% of members voting against the agreement. The Québec plant manufactures Airbus’ popular A220 passenger plane. (CTV News) China’s Canadian ambassador abruptly leaves post. Amid heightened tensions between the two countries, China’s ambassador to Canada left his diplomatic post after nearly five years o...

Apr 22, 20248 min

Mob ties 🚔 — The NHL is breaking records. Mob gets busted in Canada.

You think La Casa Nostra don’t have a piece of da pie in da Great White North? Ayyy, fuhgeddaboudit The only thing more impressive than the player's soon-to-be-grown playoff beards is the total at the bottom of the NHL balance sheet this year. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

Apr 19, 20249 min

Wealth tax 📈  —  Tim Horton’s gets into pizza. Feds announce new tax rate.

With so many plans already announced, we were left wondering what the feds would actually unveil at this year’s budget meeting. The answer? A tax to pay for all those plans. Canadians' favourite spot for a double-double and an Old Fashioned glazed donut is trying its hand at a new endeavour: pizza. Driving Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

Apr 17, 20249 min
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