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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.

news business news

All Episodes

8:19

Digital coins 🪙 — The BoC wants to issue a digital...

The Peak Daily ·

2023/05/09

The Bank of Canada (BoC) wants to know how you’d feel about swapping those cold hard coins for a less tangible alternative. When it comes to tech regulation, Europe is like the friend who sucks it up and calls the Uber when everyone pretends to stare off into space. Cracking down on AI is no exception. Want to get a free pair of Lululemon leggings? You just have to buy a fake pair first. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

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8:34

Coronation 👑 — We have a new King. The future of AI...

The Peak Daily ·

2023/05/08

In case you weren’t up at 4 a.m. on Saturday waiting with bated breath and a full English breakfast, King Charles III’s coronation was this morning, generating fawning and furor. From the role of AI in the writers' strike to IBM’s hiring freeze, it’s time to talk about how we plan to defend jobs against the robots. Wildfire season has arrived early in Alberta this year, forcing the province to declare a state of emergency over the weekend and expand evacuation efforts. Celebrating something? Let us

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12:54

Shopify layoffs 🛍️ — Shopify makes cuts. TD loses a...

The Peak Daily ·

2023/05/05

After weeks of speculation about the fate of a takeover deal that would make TD Bank the sixth-largest lender in America, the offer is officially off the table. The grocery code of conduct that would govern the actions of Canada’s grocers and their suppliers is in its final draft, but it’s still leaving top grocery critics hungry for more. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO - Loblaw purchase

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8:13

New Airbnbs 🏨 — Bed, Bath and Beyond locations are...

The Peak Daily ·

2023/05/04

If you’re been looking to gift that special someone a lightly used retail outlet, act fast: nearly half of the now-emptying 65 Bed Bath & Beyond stores in Canada have been snapped up. These days, it’s easy to find yourself in the midst of planning your dream vacation only to checks bank account realize, you know what, a weekend camping trip is actually just fine. While bankers no doubt rejoiced after the US Federal Reserve signalled it would move to pause rate hikes, the sector is still full of more

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8:49

Writers strike ✍️ — Screenwriters are going on...

The Peak Daily ·

2023/05/03

The Writers Guild of America (WGA)—the union representing 11,500 scribes behind American film and TV—is on strike after failing to reach a new deal with the Alliance of Motion Picture and Television Producers, AKA, the suits that sign their cheques. It’s not every day an NHL team goes up for sale, so interest in buying the Sens is booming. Just in time for the movie about its dramatic rise and fall, BlackBerry is back in the news. Celebrating something? Let us know here:

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10:01

Strike over 🪧 — The public sector strike is over....

The Peak Daily ·

2023/05/02

After 12 days of picketing, most striking federal government worker strikes are back on the job. After realizing it couldn’t make a fashion line in partnership with freakin’ Beyonce marketable, Adidas is stepping back to reassess its entire business. British-Canadian computer scientist and University of Toronto professor Geoffrey Hinton—known as one of the three “Godfathers of AI”—stepped down from his role at Google’s AI division so he could freely talk about the dangers AI currently

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8:22

Housing shortage 🏠 — CMHC says housing shortages are...

The Peak Daily ·

2023/05/01

If you thought there already weren’t enough homes to go around, the Canada Mortgage and Housing Corp. (CMHC) wants you to know you ain’t seen nothing yet. Faced with a litany of annoying bugs and bewildering product changes, many Twitter users are looking for an alternative—the question has always been, what would that alternative be? The federal government is making it easier for you to win arguments with airlines’ customer service departments. Celebrating something? Let us know here:

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8:58

Overload 🔌 — Regional banks are in trouble....

The Peak Daily ·

2023/04/28

Since the collapse of Silicon Valley Bank (SVB), it’s been tough sledding for US regional banks… and investors worry that First Republic could be the next to fall. Like a university student with a full course load, Hydro-Québec has taken on too much and is running low on energy… literally. Is commercial real estate the next domino to fall in our creaking global economy? A growing number of signs point to very possibly. Celebrating something? Let us know here:

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7:42

Gaming risk 🎮 — The Microsoft acquisition of...

The Peak Daily ·

2023/04/27

Microsoft’s proposed US$69 billion acquisition of Activision Blizzard is in jeopardy after the UK’s competition regulator delivered, to put it in gamer parlance, a 360 no-scope kill shot. What do Amazon and your ex have in common? Both face accusations of being way too controlling. The company synonymous with “affordable furniture” is working hard to keep it that way. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

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8:13

Online streaming bill 📺 — Canadian railcars are going...

The Peak Daily ·

2023/04/26

On Alphabet and Microsoft’s earning day, let’s unpack the results… Pizza Pizza isn’t the only Canadian entity heading to Mexico. Soon, Canadian railcars will be making like us on Spring Break and taking trips down south. The contentious Bill C-11, or The Online Streaming Act, is set to pass in the Senate any day now. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

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8:53

Mexican-Canadian pizza 🇲🇽 — Pizza Pizza goes to...

The Peak Daily ·

2023/04/25

Pizza Pizza opened its first international location in Guadalajara, Mexico, as Canada’s largest pizza chain looks to expand its horizons beyond its provincial borders. If you’re looking to renew your passport, apply for Canadian citizenship, or send a 40-foot shipping container’s worth of stuff anywhere, this might not be your week. The Port of Vancouver is planning a serious update to its operations, but updating a port isn’t as easy as updating your phone’s operating system or your LinkedIn

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8:48

Bed Bath and Gone 🛀 — Bed Bath and Beyond is...

The Peak Daily ·

2023/04/24

Bed Bath & Beyond, the home goods retailer known for sky-high merch displays and really bright lighting, has finally thrown in the towel and filed for bankruptcy. Apple is expanding its push into the realm of mental health products with a new pre-downloaded app (codenamed Jurassic) that will utilize iPhone usage data to make suggestions for what to jot down If we learned anything from House of Gucci, it’s that the fashion biz isn’t always pretty. Celebrating something? Let us know here:

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7:27

/NATO bill 💵 — Canada isn’t following through on NATO...

The Peak Daily ·

2023/04/21

Every friend group has that one buddy that’s happy to have all the fun but let someone else foot the bill. In NATO, Canada might be that guy. As Public Service Alliance of Canada (PSAC) workers hit the picket line, their fight for higher wages could disrupt more than just your spring travel plans. After over ten years in operation, BuzzFeed has pulled the plug on its news division. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

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9:25

Private Moon 🌝—New Snap features. Private companies...

The Peak Daily ·

2023/04/20

This year for Snap: Flying selfie drones are out, and everything augmented is still very in. Top travel destinations for 2023: Venice, Maui, Seoul, and… the Moon? In what’ll be the single-most newsworthy strike since Shohei Ohtani’s final pitch at the World Baseball Classic, Canada’s federal workers are hitting the picket line. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

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9:01

CEO Switch 👨‍💼— Loblaws has a new CEO. AI musicians...

The Peak Daily ·

2023/04/19

President’s Choice spokesman and Loblaw President Galen Weston will step back from the day-to-day operations of Canada’s biggest grocer after two years at the helm. In the last few days, a new song featuring Drake and the Weeknd racked up over 600,000 Spotify streams and 15 million views on TikTok. The only problem? The artists didn’t make it. There are many reasons to be proud to be Canadian, but some Canuck companies are feeling a lot less patriotic when it comes to going public these

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9:29

New Samsung Search 📱— Samsung is thinking about...

The Peak Daily ·

2023/04/18

It’s not often that Google's parent company Alphabet takes an L, but yesterday, shares dropped after news of a potential disaster on the AI chatbot front broke. After ten months of withholding funding, the feds are hoping the black sheep of Canadian sports has turned a new leaf. Fair warning to all the hard-working remote workers (we include ourselves in that mix), this new set of remote work data might hurt a bit. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

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8:35

Carplay Collision 🚗 — GM is moving on from Carplay....

The Peak Daily ·

2023/04/17

Your car dashboard is shaping up to be the next front in the fight to own the screens we look at all day. When you think of a warehouse, you probably think of rusted shipping containers or movie fights scenes, not a bountiful harvest. Vertical farming may change that perception. Companies are using the “Santa Claus” method to win over customer service reps, i.e. showering them with practical gifts. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

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8:14

Billion dollar weather business 🌡️— Teck and Glencore...

The Peak Daily ·

2023/04/14

Like a pitcher waving off his catcher’s pitch…Canada’s largest diversified miner is repeatedly fending off the advances of an unwanted suitor. The federal government wants a shiny new battery supply chain for electric vehicles (EVs). Capitalizing on Foxconn’s move away from China might be one way to nab it. “How’s the weather out there today?” might be a simple question to ask, but coming up with an answer is a multi-billion dollar industry. Celebrating something? Let us know here:

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9:09

Day trading tax 📈 — Interest rates stay flat....

The Peak Daily ·

2023/04/13

Tiff Macklem is nothing if not a man of his word. Despite mounting pressures, the Bank of Canada (BoC) kept its promise and continued to hold steady on interest rates. Canadian tax courts are cracking down on TFSA day trading, taking aim at investors that are doing so well that their trades could be classified as a business activity… well, kind of. Big Canola is betting that canola oil will be used to deep fry potatoes and power vehicles. Celebrating something? Let us know here:

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8:31

Review hijack 🛍️ — Interest rates are looking down....

The Peak Daily ·

2023/04/12

High interest rates are hurting wallets, but there may be an end in sight. Supplement-maker The Bountiful Company will pay a US$600,000 fine to the US Federal Trade Commission (FTC) in a first-of-its-kind ruling against “review hijacking” on Amazon. Companies across the country are trotting out all sorts of new incentives to entice workers to trade in their sweatpants and mid-day naps for office life, per The Globe and Mail. Celebrating something? Let us know here:

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