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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

9:29

Disney cuts 🎥 — Disney lays off. Right to fix laws...

The Peak Daily ·

2023/02/10

Layoffs. They’re not just plaguing Big Tech anymore. Disney plans to lay off 7,000 workers and restructure its organization as it looks to boost profits and cut costs by US$5.5 billion. Tech companies are making their phones and computers a lil’ bit easier to fix, but consumer advocates want lawmakers to push them further. Thousands of travellers probably wished they owned a private jet after a disastrous holiday travel season. If they could afford one, Bombardier would be happy to help them

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8:36

Search wars 🔎 — Microsoft is taking the search fight...

The Peak Daily ·

2023/02/09

Leafs vs. Habs. Pepsi vs. Coke. Dudes who wear shorts year-round vs. Canadian winters. Then, there’s Google vs. Microsoft. And a new front has opened up in their ongoing war. Canada’s ready to add some more green to its energy mix. While most of the tech industry saw quarterly earnings reports that ranged from “disappointing” to “AHHH!!!”, Uber is looking at its latest numbers with a big, toothy grin. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

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9:10

Geothermal energy 🥵 — The PM and Premiers meet to...

The Peak Daily ·

2023/02/08

Justin Trudeau met yesterday with the nation’s premiers, offering them $196.1 billion in healthcare funding to put towards healthcare over the next decade, including $46.2 billion in completely new funding. In exchange, provinces and territories must improve how they collect and share health data and report on how they spend the money they receive. The Bank of Canada (BoC) is trying to open up. But unlike your typical therapy session, it’s the Canadian public with the trust issues. Tired of hearing

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9:04

Cashless country 🇨🇭 — Switzerland is voting on going...

The Peak Daily ·

2023/02/07

Switzerland is going to have a referendum about whether the country should be allowed to go completely cashless. As workers hang on to work-from-home for dear life, employers are turning to tracking software (aka bossware or tattleware) to ensure workers aren’t busy napping or doing laundry. Tripadvisor took down the listing for Le Nouveau Duluth, the platform’s top-ranked Montréal restaurant, after a CBC investigation found that the eatery didn’t exist. Celebrating something? Let us know here:

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8:25

Magic 🍄 — Tech companies are missing expectations....

The Peak Daily ·

2023/02/06

The triple A of Big Tech—Apple, Amazon, and Alphabet—all dropped earnings reports for the final quarter of 2022, each with its own specific points of concern. Arguing on social media: It’s not just for cranky relatives you only see once a year. Major Canadian grocery chains can get in on the fun, too. Magic mushroom shops are springing up across the country, not unlike the spree of black market pot shops that populated urban areas in the runup to legalization in 2018. Celebrating something? Let us

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8:45

At-home farming 🌾 — Gautam Adani is no longer the...

The Peak Daily ·

2023/02/03

Indian billionaire Gautam Adani was the world’s third-richest person just a week ago. He’s now (as of writing) down at 17th place… Grocery bills are set to get even higher as grocers begin to process a backlog of requests from suppliers to increase prices. Tim Hortons has reached a half-baked settlement under some pretty stale privacy laws. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

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8:25

Inflation is down 📉 — Social media earnings day. Rate...

The Peak Daily ·

2023/02/02

Recent earnings reports give us a glimpse into how old-world social media platforms are adapting to a scary new world where ad revenue continues to fall. Stop me if you’ve heard this before: A central bank chair walks into a conference hall and delivers an interest rate hike… Inflation is coming down, and the reason may lie in what’s happening in housing. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

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8:03

New airline just dropped 🛫 — Porter expands service....

The Peak Daily ·

2023/02/01

As Canada’s aviation industry continues to do damage control after a disastrous holiday season, one airline is looking to assert itself as a major player amidst the turmoil. A rule change decriminalized possession of small amounts of drugs like cocaine and methamphetamine in British Columbia this week, and the government will be watching carefully to see how it all plays out. Toronto-Dominion Bank has sealed an exclusive advertising deal with the most popular immigration website you’ve never heard

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9:10

Back to work 👩‍⚖️ — A new EV alliance. Parliament is...

The Peak Daily ·

2023/01/31

Think your Sunday Scaries are bad? Members of Parliament returned to Ottawa after a six-week winter break with enough on their plates to keep yours truly hiding in bed. Now that artificial intelligence (AI) can pass MBA exams and create workout plans, investors just can’t pull out their chequebooks fast enough. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

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7:01

Flight tracking 🛩️ — Buzzfeed is turning to AI....

The Peak Daily ·

2023/01/30

It feels like we’ve suddenly been transported back to 2013, because everyone is talking about BuzzFeed. But the reason they’re talking about it is very 2023. Remember last year, when we were all gleefully shaming Taylor Swift and Kylie Jenner for their exorbitant flying habits? That was fun, right? You may soon be able to get a lot more than a massage and 75% off your next physio appointment with your workplace health insurance. Celebrating something? Let us know here:

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8:14

Dealmaking down 📉 — Big Supreme Court Ruling....

The Peak Daily ·

2023/01/27

The country’s top court is deciding whether pretend people can help defend real crimes. Canadian dealmaking fell ~40% in 2022 and is currently down ~50% from the same last year. Despite this, workers at the country’s top investment banks can sleep easy knowing their jobs are not in imminent danger. The food industry wants to appeal to a growing number of “climatarians” and “regenivores”. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

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8:33

Expensive food 🥓 — Food prices are set to rise....

The Peak Daily ·

2023/01/26

$37 chicken, $14 yogurts, and $8 cabbage? Apparently, we haven’t seen the worst of it, as groceries are set to become even more expensive in the coming months. Not to be outdone by Big Tech, the media sector is also battling a series of shocking layoffs. Work From Home is definitely here to stay, but unfortunately, not for everyone. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

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8:37

Employee owned 👩‍🔧 — A new group is pushing employee...

The Peak Daily ·

2023/01/25

A new lobby group wants Canada to embrace the idea of employee-owned businesses. China’s manufacturing sector may be slowing, but its facial recognition industry is booming. As Ukraine gears up for what’s been called a pivotal moment in its war with Russia, President Volodymyr Zelenskyy is suddenly dealing with newfound problems at home. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

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7:55

India bound 🇮🇳 — Manufacturers are moving production...

The Peak Daily ·

2023/01/24

Offshoring your manufacturing to China is so yesterday. Right now, it’s all about India. Ken griffin’s Citadel has replaced Ray Dalio’s Bridgewater as the most successful hedge fund of all time—the MOAT, if you will—after generating US$16 billion for investors last year. With laptop sales on the decline, the companies that make them are trying to come up with new bells and whistles to keep consumers coming back. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

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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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