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The Peak Daily

The Peak / Curiouscast

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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All Episodes

7:39

Google layoffs 👩‍💻 — Google lays-off 12,000. Canadian...

The Peak Daily ·

2023/01/23

When it rains, it pours. At least when it comes to tech layoffs, with Google-parent Alphabet becoming the most recent name to announce a headcount reduction. Amid a flurry of recent announcements, it’s clear that efforts to help a healthcare industry in crisis are kicking into high gear. Somebody needs to make Top Gun, but for airline pilots, because the profession is facing a shortage and could really use a shiny new recruitment tool. Celebrating something? Let us know here:

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9:24

Polite hackers 💻 — The US debt ceiling is...

The Peak Daily ·

2023/01/20

The US reached the max amount of debt that it’s allowed to take on (aka the debt ceiling) yesterday, causing the US Treasury to begin taking special measures to ensure the government can continue paying its debt. Hacking group Lockbit has earned the title of “most prolific ransomware gang in the world”, carrying out ~25% of all known ransomware attacks last year and taking responsibility for breaches of over 40 organizations across the globe this month alone. TikTok is prepared to open its

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7:12

Turbulent takeoff 🛫 — Air Canada and WestJet are in...

The Peak Daily ·

2023/01/19

Air Canada and WestJet have been cutting domestic flight routes in recent months, a move that one business group thinks is fishier than an in-flight meal. If it wasn’t bad enough that the cost of dating (read: rising restaurant prices) has skyrocketed, now the cost of landing a date is also on its way up. Russia is thought to be preparing for a major offensive in the war with Ukraine. Ukraine’s top general, Valery Zaluzhny, wants 300 Western tanks and 600 vehicles to help fend it off. Celebrating

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8:54

Alcohol labels 🍷 — Should Canada apply warning labels...

The Peak Daily ·

2023/01/18

If you’re doing dry January, maybe just keep at it for a while—at least that’s what new national guidelines on alcohol intake would recommend. China’s GDP grew [only 3% last year](https://www.cnn.com/2023/01/16/business/china-gdp-2022-hnk-intl/index.html#:~:text=China's economy expanded by just,downturn in the property market.), well below government targets and the country’s slowest growth rate since 1976 (aside from 2020, because of you know what). And somehow, that’s not even the worst news China

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8:15

New start 🧑‍💻 — Michele Romanow is out at Clearco....

The Peak Daily ·

2023/01/17

As layoffs spread across the tech and finance landscapes like a bad rash, workers are trying to get ahead by securing new jobs before the corporate axe comes a-chopping. Life is a fickle thing. Just ask Michele Romanow. One day you’re the face of a Heineken advertising campaign. The next you’re stepping down as the CEO of your company. The days of take-home and open-book essays are over, as a new wave of generative artificial intelligence (AI) puts a full stop on traditional classroom learning as we

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7:08

Cheap eggs 🥚 — Eggs are getting cheaper. BMO has a...

The Peak Daily ·

2023/01/16

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:

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8:06

Climate tech 🔌 — New climate tech. A trade dispute...

The Peak Daily ·

2023/01/13

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 us

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7:41

Empty offices 🏢 — White collar workers are hardest...

The Peak Daily ·

2023/01/12

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. Celebrating

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7:42

Mexican investment 🇲🇽 — Canada is investing in...

The Peak Daily ·

2023/01/11

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:

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8:01

Fine dining 🍴 — One of the world’s best restaurants...

The Peak Daily ·

2023/01/10

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 in

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7:06

Job gains 💪 — Americans are flocking north for a...

The Peak Daily ·

2023/01/09

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

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8:32

Housing prices 📉 — Canadian housing prices are in...

The Peak Daily ·

2023/01/06

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 show

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8:00

Untrained 🔨 — Canadian workers need new training....

The Peak Daily ·

2023/01/05

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

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7:49

Not guilty 👩‍⚖️ — Some countries want to play Robin...

The Peak Daily ·

2023/01/04

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 in

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8:30

Welcome back 🎉 — What you missed over the holidays....

The Peak Daily ·

2023/01/03

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 the

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7:49

Password protected 🔐 — Netflix is banning password...

The Peak Daily ·

2022/12/23

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

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8:07

Inflation at Work 🚧 — Inflation is still high....

The Peak Daily ·

2022/12/22

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

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7:37

Forever chemicals 🧪 — 3M is ending forever chemicals....

The Peak Daily ·

2022/12/21

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

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8:03

Gaming settlement 👾 — Elon might leave Twitter. Epic...

The Peak Daily ·

2022/12/20

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 know

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7:26

Net-zero flights 🛫 — Shopify is having a rough year....

The Peak Daily ·

2022/12/19

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

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