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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

8:31

Non-alcoholic 🍺 — There’s a new gen of non-alcoholic...

The Peak Daily ·

2022/11/10

Keurig Dr. Pepper invested US$50 million for a minority stake in Athletic Brewing, a leader in the booming non-alcoholic craft beer market. Picture this: The reality TV show “Love is Blind,” but for your personal dating life. The Big Tech carnage continued as Meta laid off 13% of its workforce (~11,000 workers), in the largest staff reduction in the tech industry this year. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO The Peak Daily is produced by 306 Media

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8:47

Live pod 🎙 — Retirees are going back to work. The...

The Peak Daily ·

2022/11/09

Live from The Peak’s Bet on Canada Summit in Toronto! Retirees used to spend their time sunning in Florida. These days, they’re going back to work. The federal government will dish out money to fix provincial healthcare—hooray! And just like that, one of the world’s most valuable cryptocurrency exchanges has fallen. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

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8:54

Cleaning fees 🧹 — Airbnb is building cleaning fees...

The Peak Daily ·

2022/11/08

Executives at Airbnb want you to know they have, in fact, read all your angry tweets about out-of-control cleaning fees, and that they’re listening and learning. Canada’s proposed Online Streaming Bill Canadian is starting to make creators sweat. Americans head to the polls today, which means that by tomorrow there will be a crop of kooky new congresspeople that may or may not keep you awake at night. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO The Peak Daily is

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8:33

Four day workweek 4️⃣ — You’re not getting enough...

The Peak Daily ·

2022/11/07

In exchange for not seeing the sun after work until spring, you’re now getting an extra hour of sleep—and the odds are, that’s something you desperately need. Unilever, the multinational giant that owns brands like Ben and Jerry’s and Dove, is the biggest corporation yet to give a big thumbs up to the four-day workweek. China’s president Xi Jinping has gone from having “concerns” over the war in Ukraine to telling Russia to knock it off with the nuclear threats. Celebrating something? Let us know

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10:15

Strike 🪧 — CUPE education workers are going on...

The Peak Daily ·

2022/11/04

Over 55,000 Ontario education workers, including early childhood educators, educational assistants and custodians, are set to walk off the job today. The government served up its annual Fall Economic Statement, including a declining deficit as the main, and risks around Canada entering into a recession as a side. As the world becomes increasingly like a sci-fi novel, new devices are letting the human body do things that once seemed impossible. Celebrating something? Let us know here:

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8:18

Musk makes his mark 🐦 — The Fed hikes interest rates...

The Peak Daily ·

2022/11/03

The US Federal Reserve raised interest rates by 75 percentage points, bringing its benchmark rate range to 3.75%-4% and effectively making any type of debt (mortgages, credit cards, auto) a little bit pricier. Less than a week into his tenure as “Chief Twit” turned “Twitter Complaint Hotline Operator,” Elon Musk is moving quickly to make his mark on Twitter by revamping its business model. The latest version of the Google wildfire warning system will introduce machine learning models trained on

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9:48

Death of Yeezys 👟 — The sneaker market is in a...

The Peak Daily ·

2022/11/02

The Adidas-Kanye West split meant the death of Yeezy: The immensely popular and influential line of shoes the controversy-mongering rapper designed for the company. That’s potentially bad news for the sneaker resale market (projected to be a US$30 billion industry by 2030) and for those touting sweet kicks as a burgeoning asset class. Toronto-based TouchBistro, a software provider for restaurants, is breezing though a market downtown that has left venture capitalists holding their dollars close to

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8:57

Zero COVID 😷 — China is still struggling with COVID....

The Peak Daily ·

2022/11/01

From squashing presidential term limits to picking fights with Taiwan, a lot is going on in China these days... so much so that we almost forgot about the zero-COVID crackdowns. Canadians are starting to feel the economic crunch as the Bank of Canada continues to try and combat inflation that’s more stubborn than a toddler before naptime. Italian alcohol giant Campari paid US$600 million for a 75% stake in bourbon-whiskey maker Wilderness Trail to expand its reach in the booming whisky

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8:59

Free the bird 🐦 — The Great Resignation isn’t...

The Peak Daily ·

2022/10/31

First came “The Great Resignation”. Then there was “quiet quitting” (and the reaction, “quiet firing”). Countless stories about workers checking out from their job over the past year—either literally, or just mentally—painted a bleak picture of the modern workplace, but one that new data suggests bears little relationship to reality. After what felt like thousands of years (but was really just a few months) Elon Musk, finally, officially, and with no-take-backs, owns Twitter... now here comes the

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10:15

Household wealth 🏡 — Canada’s nurses are heading...

The Peak Daily ·

2022/10/28

In the midst of a healthcare workers shortage, Canada's nurses are heading south of the border. From exercising organs to “hacking” menstrual cycles, there’s a ton of terrible medical advice on the internet… which is why YouTube is moving to certify channels of licensed professionals like doctors, nurses, or therapists who produce health-related content. Household wealth in Canada dropped by ~$900 billion in Q2 of this year according to RBC economists-the largest quarterly drop on record-driven

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10:55

50 basis points 📈 — Another rate hike from the BoC....

The Peak Daily ·

2022/10/27

The Bank of Canada surprised markets with a smaller-than-expected interest rate hike of 0.5 percentage points yesterday (bringing its policy rate to 3.75%), below the 0.75 percentage point hike most economists had forecast. Deepfakes are growing in popularity with small brands to generate buzzy content featuring celebs without having to shell out endorsement money, per The WSJ. On Monday, NASA’s new team dedicated to researching unidentified aerial phenomena (UAPs, formerly known as UFOs) will begin

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9:33

Swimming in gas 🛢 — The European gas situation is...

The Peak Daily ·

2022/10/26

Remember when Europe faced those “unprecedented risks” to its natural gas supply earlier this month? That was then. Now, the continent is basically swimming in it. Canadian pot grower Canopy (+23.5%) has purchased three pot companies south of the border (Acreage, Wanna, and Jetty’s) to form a brand new American business arm. Tech giants Microsoft and Alphabet are kicking off a week packed with earnings, during which investors are sitting tight for indicators about the state of the broader

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10:24

Davos in the desert 🌴 — The Future Investment...

The Peak Daily ·

2022/10/25

Saudi Arabia’s [Future Investment Initiative](https://www.bnnbloomberg.ca/wall-street-is-heading-to-saudi-arabia-as-us-oil-spat-simmers-1.1836247#:~:text=An escalating dispute over an,the US and Saudi Arabia.) (FII) kicks off today, with the who’s who of international finance meeting in Riyadh to talk shop, despite the icy chill hanging over Western relations. As Canada Blood Services (CBS) deals with decade-low donation levels, the nation’s blood supply administrator hopes paying people to get

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8:41

Android auto 🤖 — Snap stock is spooky. The G7 price...

The Peak Daily ·

2022/10/24

If Snap’s earnings are any indication of how social media companies are faring right now, the answer is: Not well, not well at all. The G7 price cap on Russian oil imports set to start December 5 has been touted as the biggest step yet in defunding the Russian war machine. But experts aren’t so sure. The battle between blue and green bubbles is about to get a whole lot uglier as cars evolve into drivable devices. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO Join

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10:23

Liz out 👩‍💼 — Liz Truss is out as PM. Via is adding...

The Peak Daily ·

2022/10/21

After six weeks in office (the shortest tenure for a British prime minister), Truss was forced to resign in the wake of economic turmoil caused by her disastrous “mini-budget”. In today’s normal, nothing-to-see-here news: VIA Rail is adding ‘buffer cars’ to its oldest passenger trains to absorb impact in the event of a crash. Tomorrow’s draw for the 2023 Women’s World Cup will decide the tourney’s first-round matches, but what remains undecided is who’s going to broadcast them. Celebrating

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11:00

Inflation only goes up 📈 — Netflix is back. Inflation...

The Peak Daily ·

2022/10/21

After a rocky year of subscriber losses and investor doubt, Netflix is back with ambitions bigger than a season premiere of Stranger Things. The annual inflation rate slowed to 6.9%, down from 7% last month, mostly thanks to falling gas prices, but is still above what most experts expected. The core inflation rate (which excludes energy and food prices) actually rose to 5.4% from 5.3%. In the global race for top talent, governments are bending over backwards to attract the world’s most-desirable

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8:28

Friendship ⛴ — Trade partners are friendshoring. Old...

The Peak Daily ·

2022/10/19

Friendshoring is on the rise as Western countries start shifting trade to friendly partners to cut dependence on totalitarian regimes, most notably China and Russia. Goldman Sachs, one of the world’s most important financial institutions, is restructuring its business to streamline work and improve its digital offerings. Meta is selling Giphy after UK regulators ruled that its ownership of the popular GIF platform restricts consumer choice and hurts competition both in the ad and social media

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10:16

Price freeze 🥶 — Loblaw freezes No Name prices....

The Peak Daily ·

2022/10/18

Canada’s biggest grocer announced it is freezing prices on all of its No Name products (over 1,500 items) until the end of January 2023, per The Globe and Mail. When the NHL kicked off its season last week, fans were quick to notice the addition of digitally enhanced dasherboards (DEDs) on rink boards, with some taking to social media to air their grievances around the “hard-to-watch” animations. There’s a new app you need to know about so you don’t feel hopelessly out of touch next time you’re

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8:06

Budget u-turn 🏦 — PM Liz Truss fires her finance...

The Peak Daily ·

2022/10/17

Embattled British PM Liz Truss made (another) U-turn yesterday, firing her top finance official, Kwasi Kwarteng, and reversing plans to slash corporate taxes. Weather forecasts have always been unreliable (the atmosphere is changing constantly), but as the weather becomes even more unpredictable, sports leagues, airlines, and even militaries are turning to private forecasters. If you’re looking to move up the ranks at your company, you might just want to find a new one, according to a new study that

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8:29

Expensive everything 📱 — Core inflation is at a 10...

The Peak Daily ·

2022/10/14

US core inflation hit a four-decade high last month, which, to be clear, is the opposite of what Jerome Powell & Friends need to prove their plan to cool the economy and achieve a “soft landing” is working. Canada is famous for many things: Poutine, hockey, ketchup chips—and high, high prices. According to The National Post, Canadians are paying a serious premium for products, including mobile plans, grocery hauls, and some basic services. It’s already put a dent in Meta’s advertising business, and

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