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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

11:12

NFT and fries 🍟 — Battle over mRNA patents. They’re...

The Peak Daily ·

2022/03/22

Germany has agreed to a long-term agreement with Qatar for the supply of liquefied natural gas (LNG), hastening the process of Germany cutting ties from Russian energy. Los Angeles restaurateur Andy Nguyen is looking to demonstrate how the power of NFTs can translate into building a real-life brand by opening the first NFT-centred restaurant. Two Canadian biopharma companies (the confusingly named) Arbutus and Acuitas, are embroiled in a legal battle regarding the patent rights to a key delivery

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11:34

Roman Holiday 🛫 — Airlines are getting ready for a...

The Peak Daily ·

2022/03/21

Travel companies are preparing for a busy season since the pandemic began, in response to Canada shedding pre-travel COVID tests for fully-vaccinated visitors. Don’t feel like returning to the office just yet? Try telling your manager you’re working from home to save the world from an energy crisis. That’s just one of ten recommendations made by the International Energy Agency (IEA) to encourage people and governments to curb oil consumption as Russia’s war in Ukraine reduces the global energy

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12:33

Food fight 🌯 — Food is getting more expensive....

The Peak Daily ·

2022/03/18

No, it’s not all in your head… Statistics Canada reported that food prices rose 7.4% from last February, with Canadians paying more for common items like beef, milk, chicken, and fruits. Russian tech entrepreneurs are launching an Instagram dupe–called Rossgram–to help fill the void left by this week’s block on the Meta-owned picture-sharing app*.* Canadian Pacific Railway has threatened to lockout over 3,000 employees from work this Sunday, at a time when Canada’s resources need a more efficient

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11:47

Protect the sunshine ☀️ — Russia could default on its...

The Peak Daily ·

2022/03/17

Russia failed to pay its dollar bonds yesterday, kicking off a process that will see the country default on its debt if it doesn't make the payments within 30 days. Vancouver-based miner Alpha Lithium is suspending a deal to sell a stake in its lithium mine to a company owned by Russia’s state nuclear energy corporation, per The Logic. The U.S. Senate unanimously voted to pass the Sunshine Protection Act, a bill that would make daylight time permanent. If approved by the House of Representatives, it

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10:10

Free trade 🤝 — Canada and India working on a new...

The Peak Daily ·

2022/03/16

You think it would make sense for the largest producer of plant-based protein (Canada) and the country with the most vegetarians (India) to be two peas in a pod when it comes to trade. Yet, a comprehensive trade agreement between the two nations has never been signed. That could change as Canada and India have announced that they are resuming talks to reach a new trade agreement. A federal government program aimed at helping businesses go digital is under fire from critics who claim it amounts to a

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9:59

Russian McDonald's 🍔 — The Russian government warns...

The Peak Daily ·

2022/03/15

Russian prosecutors threatened several major companies with arrests and asset seizures in response to Western sanctions. Signs of a COVID outbreak across number of cities in China have sent tens of millions of people into lockdown and caused a major Apple supplier to halt operations in the southmost city of Shenzhen, which analysts believe may worsen inflation. As gas prices reach unprecedented heights, so has the demand for electric cars in Canada, a recent survey found that 62% of dealerships’ EV

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10:26

Supersonic 🛩 — Canada adds a bunch of jobs. The NHL...

The Peak Daily ·

2022/03/14

Canada’s economy added 337,000 new jobs in February—blowing past analyst expectations and driving the unemployment rate down to its pre-COVID 19 levels for the first time. Canada’s legalization of single-game sports betting back in August has opened the door for the NHL to sign its first-ever sports betting partner in Canada: sportsbook ProLine+. Hermeus raises $100 million in search of the future of aviation. Celebrating something? Let us know for a shoutout here:

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12:32

Split stock ✂️ — Amazon splits their stock. Nickel is...

The Peak Daily ·

2022/03/11

Amazon is following the recent lead of Tesla and Google by executing a 20-to-1 stock split. What’s happening to nickel prices right now is so outrageous that experts are comparing it to the “meme stocks” craze back in early 2021. The British Government has stepped up with UK banks shutting out Russian oligarchs, including seizing Chelsea from owner Roman Abramovich and limiting the team’s revenue streams.

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11:53

Road to regulation 📜 — Biden releases an EO on...

The Peak Daily ·

2022/03/10

How do you regulate something that was designed to be unregulated? The US government intends to find out as President Biden signs an executive order for the government to devise new regulations for cryptocurrencies. Canadian banks are announcing a collection of new initiatives to help them get to net-zero carbon emissions by 2050. We dig into what that means for you. Match Group-owned Tinder is rolling out background checks through its in-app safety centre—so you can put on your little detective hat

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12:31

New devices 📱 — The U.S. bans Russian oil imports....

The Peak Daily ·

2022/03/09

Canadians can expect to see higher prices at the pump with the U.S announcing a ban on the importation of Russia oil, further rattling energy markets. Google is putting in an all-cash offer of US$5 billion to purchase cybersecurity company Mandiant—and make up lost ground in the cloud computing space against competitors. The hotly anticipated Apple Peek Performance Event showcased a list of new features for the latest models of iPads, iPhones and Macs, but a powerful new M1 Ultra chip and Mac Studio

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10:16

International Women’s Day 👩‍🚀 — Ukrainian women are...

The Peak Daily ·

2022/03/08

As the war in Ukraine escalates, women are playing a growing role in the country’s defence—on the front lines, in parliament, and beyond. The most recent data released in the World Economic Forum’s Global Gender Gap Report shows that it will take the US and Canada 61.5 years to close the gender gap. The federal government pitched its $27 billion childcare plan as a way to save families money and make it easier for parents to stay in the workforce while raising kids, something that would benefit

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12:23

Keep pumping 🛢 — Canada can’t do much to bring down...

The Peak Daily ·

2022/03/07

There’s not much Canada can do to bring down soaring energy prices in the short term because our export capacity is maxed out at least that’s according to Canada’s Environment Minister Steven Guilbeault. The Biden administration has finalized a new ‘Buy American’ rule—an initiative aimed at boosting American manufacturing that could hurt Canadian businesses. As remote work shifts to hybrid models, a new commuter has emerged… the type that works from hotels. Which is leaving key players in the travel

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12:12

Salty standoff 🧂 — Canada places additional tariffs...

The Peak Daily ·

2022/03/04

New day, new economic penalties against Russia: Canada is imposing a 35% tariff on goods imported from Russia and its ally Belarus as the feds look for new ways to respond to the invasion of Ukraine. Canada’s transportation regulator has launched an investigation into Edmonton-based Flair Airlines, surrounding potential issues around foreign control. Frito-Lay's standoff with Loblaw has left an (unsuspected) third-party winner standing… Ontario chips and salsa maker Neal Brothers

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12:01

Rate hike 📈 — The Bank of Canada hikes interest...

The Peak Daily ·

2022/03/03

The Bank of Canada raised its benchmark interest rate by 0.25 basis points to 0.5% yesterday. And if that sentence isn’t dull enough to put you back to sleep, we want some of whatever coffee you’re brewing. A growing number of Canadian and international companies, including Apple and Canada Goose are suspending operations in Russia over its invasion of Ukraine*.* Major League Baseball (MLB) has cancelled the first games of its season, set to begin on March 31, over a labour dispute. More bad news

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11:14

All in one 🛠 — The IEA is releasing more oil in...

The Peak Daily ·

2022/03/02

Member states of the International Energy Agency (IEA) agreed to release 60 million barrels of oil from their emergency reserves in an attempt to calm energy markets thrown into turmoil by Russia’s invasion of Ukraine. Netflix is the latest tech company to take a side in the Ukrainian-Russian war, opening up a Pandora’s box of questions around the ethics of censorship during the conflict, as they defy Russian regulators. Uber is introducing a new feature for Canadians that will allow users to make

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10:46

Minimum wage 💸 — Ontario announces a minimum wage for...

The Peak Daily ·

2022/03/01

Ontario will become the first place in North America to set a minimum wage for gig workers, the provincial government announced yesterday. Find out how technology firms with offices and employees in Ukraine are working to help staff leave the country amid the intensifying Russian invasion. With services like Apple Pay going out of service and the Ruble losing value by the minute, Western sanctions designed to cripple the Russian economy are starting to have a real impact on ordinary

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11:25

Ukraine 🇺🇦 — The war is being streamed on TikTok....

The Peak Daily ·

2022/02/28

Russian tanks rolling down highways, missiles raining down on cities, and soldiers readying for battle have dominated the “For You” feeds of TikTok users this week, as the war in Ukraine becomes the first major conflict documented on the social media app. A long-predicted nursing shortage has hospitals across the country scrambling to find staff and businesses are stepping up to fill the gap (and pull open some purse strings). The EU, UK, US, and Canada announced a new round of economic sanctions in

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11:21

Sanctions 💸 — Russia invades Ukraine. Canadians are...

The Peak Daily ·

2022/02/25

President Biden announces sanctions against Russia as Russian forces invade Ukraine. Biden also warned that these sanctions may hike prices at the pump. After two years of uncertainty (which in light of recent events, might last some time longer) and periods of isolation, Canadians are cautiously beginning to dust off their wallets and spend again, according to a study by Paybright. If you already spend hours doomscrolling on Reddit, you might want to skip this. Reddit made the first update to its

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12:28

The whole truth — Trump launches Truth Social....

The Peak Daily ·

2022/02/24

Trump Media & Technology Group, a private media company founded by Donald Trump, launched Twitter lookalike Truth Social this week to users in the US and Canada as political users consider alternative platforms to big tech. Starbucks is known for its formulaic drinks, chill ambiance, and friendly baristas who know your name (even if they misspell it) but behind the counter, unrest is brewing with a large scale unionization underway across the US. Netflix is launching a product that looks a lot like

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11:36

Chips ahoy 🥨 — Canada’s facing a chip shortage. The...

The Peak Daily ·

2022/02/23

We don’t want to alarm you, but you may not be able to find Doritos at your local super-market for a while: snack giant Frito-Lay is cutting Loblaw off from its products amid a dispute over price hikes. A $30 million settlement between US Soccer and female players over equal pay with men has ended a six-year fight that pitted the World Cup-winning team against their sport’s governing body. Swedish buy-now-pay-later service Klarna announced yesterday that they’re opening a tech hub in Toronto with

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