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PODCAST

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

8:38

Nuclear comeback 🔌 — Nuclear power is in vogue again....

The Peak Daily ·

2022/10/13

Canada-based Cameco and Brookfield Asset Management’s renewables division have buddied up to buy nuclear company Westinghouse Electric for US$7.9 billion amid a global frenzy to find climate-friendly alternatives to Russian energy, per The Wall Street Journal. Meta is betting that companies will pay $1,500 for the company’s new Quest Pro virtual reality headset, in its push to bring the metaverse to the corporateverse. Experts believe there are now tens of thousands of skilled immigrants waiting in

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9:37

Protest 🪧 — Real estate investors are protesting...

The Peak Daily ·

2022/10/12

Seven months into the Bank of Canada’s rate hike spree, some Canadians are already taking to their local parks to protest higher interest rates on their mortgages. Dream job alert: Get paid millions of tax-free dollars to help design a gleaming city of the future from the ground up. There’s only one catch: Your employer is the Kingdom of Saudi Arabia, and that city is Neom, the brainchild of Crown Prince Mohammed bin Salman. The world’s largest toy company is starting to play in the $1 trillion

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7:51

Tax evaders 🏦 — Hockey Canada loses another sponsor....

The Peak Daily ·

2022/10/11

Hockey Canada has officially lost every last one of its top-tier corporate sponsors after Nike suspended its 23-year partnership with the organization Have you been spending time in the metaverse? No? That makes you, everyone else you know, and even Meta's own employees. Six years after the release of the Panama Papers, it’s not clear if the government has collected any tax-evasion-money hidden in Central American offshore accounts. Celebrating something? Let us know here:

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9:06

Robot dogs 🐶 — A new pact not to weaponize robots....

The Peak Daily ·

2022/10/07

Six companies, including the famous Boston Dynamics (BD), pledged not to weaponize or support the weaponization of their robots, and urged others to follow suit. A nurse, an accountant, and an engineer walk into a province. They all get jobs. That’s one of several cheeky ads, paid for by the government of Alberta, taking over Canada’s busiest transit stations lately. It’s all part of a $2.6M “Alberta is Calling” campaign, which aims to lure skilled workers to the province with affordable housing and

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8:43

Credit surcharge 💳 — A new credit card fee could be...

The Peak Daily ·

2022/10/06

Starting today, you might see a new surcharge on your receipt when you tap your plastic. Businesses in Canada are now allowed to pass credit card processing fees onto customers. OPEC+, the Middle Eastern energy cartel that accounts for 40% of the world’s oil supply, agreed to cut its collective output by 2 million barrels a day or roughly 2% of global output. Wannabe McKinsey consultants and Bay Street executives are starting to realize that in today’s red-hot labour market, an MBA might be nothing

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11:03

For sale 🏷 — HSBC is considering exiting Canada. Phil...

The Peak Daily ·

2022/10/05

Phil Collins and Genesis no longer have publishing rights to their recordings. But they aren’t throwing it all away. They’re the most recent musicians to receive a hefty sum for them. HSBC has launched a review into its Canadian business that could end in a US$9B sale, as the bank faces pressure to ditch less profitable markets to focus on Asia and Europe. After all the bot disputes. The whistleblowing. The texts to Joe Rogan. The poop emoji. After all that drama… Elon Musk might actually end up

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10:21

Continuons 🗳 — Legault wins big. Credit Suisse is in...

The Peak Daily ·

2022/10/04

Francois Legault will stay in power as Quebec’s premier as his centre-right nationalist CAQ party secured a majority government in a cakewalk. Credit Suisse saw a gauge of its credit risk rise to a record high while its stock hit record lows, raising doubts about its financial stability. From Nike, to Walmart, to Canadian Tire, retailers and brands have more merch than they know what to do with as inventories bulge while consumers cut down on their spending. Celebrating something? Let us know here:

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8:56

Postal loans 📬 — Canada Post is introducing a new...

The Peak Daily ·

2022/10/03

Canada Post has expanded its MyMoney loan program in partnership with TD Bank to locations across Canada, offering loans between $1000 and $30,000, with approval in as little as 10 minutes. Text messages made public as part of Elon Musk’s court fight with Twitter (along with being highly entertaining) shed insight into his early motivations for buying the business and show how Silicon Valley heavyweights rallied to his cause. Meta—the parent company of Facebook, Instagram, and WhatsApp—plans

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9:53

New Google 🔎 — Google is revamping search. Pickleball...

The Peak Daily ·

2022/09/30

Google announced at its Search On conference that it’s testing updates to Search and Maps that will push its flagship tools in a “visual-forward” direction. An ownership group including NBA superstar LeBron James bought a professional pickleball team that will join Major League Pickleball (MLP) for its upcoming season. Russia will annex four regions in Ukraine today after tightly controlled “referendums” that Kremlin officials claim resulted in 99% of locals voting to join Russia Celebrating

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9:08

New Alzheimer’s drug 💊 — Workers are getting raises....

The Peak Daily ·

2022/09/29

Employers have come up with a novel idea to retain and sustain their workforce during these trying times. You may have heard of it. It’s called ‘paying people more.’ IT giant Cloudflare introduced a new breed of CAPTCHA test called Turnstile that promises to reduce the average test time from 32 seconds to one second. A new drug slowed the rate of cognitive decline in Alzheimer’s patients in large-scale clinical trials, according to its developers Biogen and Eisai. Celebrating something? Let us know

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10:06

Mobile lithium 🔋 — A Canadian company has a new way...

The Peak Daily ·

2022/09/28

Vancouver-based International Battery Metals claims to have developed a first-of-its-kind mobile lithium mining plant that can extract and process lithium with minimal environmental impact. There’s buyer’s remorse over that late-night Amazon purchase, and then there’s real buyer’s remorse (to the tune of $1 trillion)—the latter is what China is experiencing right now as it tries to salvage its troubled Belt and Road infrastructure initiative. Sweden reported two leaks in the Nord Stream 1 pipeline

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9:43

Internet vote 🗳 — A UN agency is hosting a big vote...

The Peak Daily ·

2022/09/27

The International Telecommunications Union (ITU), the UN body responsible for setting global communications standards, will elect its new leader this week—a decision that could shape the future of the internet. The British economy is experiencing some serious turbulence—or an omnishambles, they might say across the pond—as investors give a big thumbs down to the UK government’s new fiscal plan. Sales of plant-based meats have declined over the past year while negative perceptions of the product have

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7:59

Diplomacy 🇰🇷 — Russia mobilizes troops. Buy now pay...

The Peak Daily ·

2022/09/26

Russia’s decision to mobilize military reserves for the first time since WWII has triggered a crisis, as protests erupt and men flee to neighbouring countries. Block is rolling out out BNPL options on its point-of-sale platform, Square. Canada has joined a new US-led alliance aimed at strengthening ties with Indo-Pacific nations—which include Australia, New Zealand, and dozens of Asian countries bordering the Pacific Ocean, although notably not China or Taiwan. Celebrating something? Let us know

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9:41

New airline 🛫 — Canada has a new airline. OtterBox is...

The Peak Daily ·

2022/09/23

Canada Jetlines flew its inaugural flight yesterday carrying passengers from Toronto Pearson to Calgary International Airport. The unexpected casualty of Quebec’s new language laws: OtterBoxes. For our last story, Forget maple syrup and Tim’s franchises, the two Canadian exports everyone is clamouring for are critical minerals and natural gas. South Korea is the latest country to express interest. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO Join us for a live

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9:42

Greenbacks 💵 — The US Dollar is surging. Robots are...

The Peak Daily ·

2022/09/22

Congratulations to anyone with a US bank account, because the currency is on a tear. Meet Flippy, Sippy, and Chippy. No, they aren’t knockoff versions of Snap, Crackle, and Pop. They’re a trio of service robots, and they could soon be preparing your fast food order. TikTok is banning accounts for politicians, parties, and governments from asking for donations and from using monetary features like tipping, gifting, and e-commerce. Celebrating something? Let us know here:

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9:50

Audiobooks 🎧 — Consumer prices are down. Audiobooks...

The Peak Daily ·

2022/09/21

Canadian consumer prices fell 0.3% last month, the biggest monthly drop in two years. Spotify launched its long-awaited audiobooks feature in the US and will eventually roll it out in all of its markets as it strives to become the one-stop-shop for everything audio. Russian-installed leaders in the occupied Eastern Ukrainian provinces of Luhansk, Donetsk, Kherson, and Zaporizhzhia have announced planned referendums on joining Russia. Celebrating something? Let us know here:

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9:11

Ready to Rumble 🥊 — Rumble is going public. Ukraine’s...

The Peak Daily ·

2022/09/20

Toronto-based video site Rumble, which bills itself as a free speech alternative to sites like YouTube, went public after a successful SPAC merger valuing the company at US$2 billion. While Ukraine’s war efforts have garnered positive results in recent weeks, its economic prospects are looking increasingly bleak as it continues to seek outside help. Porsche, owned by Volkswagen Group, will debut on the Frankfurt Stock Exchange later this month, selling ~25% of its shares with hopes of fetching a

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8:51

2 stars ⭐️ — Is the Michelin Star all it’s cracked up...

The Peak Daily ·

2022/09/19

If you’ve been on the internet this week, there’s a good chance you already know that the Michelin guide awarded its first Canadian stars to 13 restaurants. Offices are back up and running, but employers are having trouble actually filling them with employees… who remain perfectly fine at home thank you very much. Uber confirmed its internal systems suffered a breach perpetrated by someone alleging to be an 18-year-old. Celebrating something? Let us know here:

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9:55

Climate corp 🌎 — Patagonia founder gives the company...

The Peak Daily ·

2022/09/16

Patagonia founder Yvon Chouinard, along with his family, gave away control of the ~US$3 billion company to a trust and a nonprofit organization tackling environmental issues. Adobe agreed to buy design software company Figma for US$20 billion in what will be the largest acquisition ever of a private software company if it gets approved. Walmart has launched its Be Your Own Model tool, which uses a user’s full-body photo to simulate the dressing room experience with Walmart fashion finds. Celebrating

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8:14

The Merge 🔌 — Ethereum is going to proof of stake....

The Peak Daily ·

2022/09/15

Ethereum, a blockchain platform supporting over 50% of the total value of the decentralized finance industry, is shifting to a less energy-intensive way of validating transactions. Shopify restaffed most of its leadership team during the pandemic, and now the top brass of what was once Canada’s most valuable company isn’t looking very Canadian. European energy executives are doing a little too well these days. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO Join us

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