The Peak Daily Making friends 👬- Canada and Saudi Arabia cozy up, Scam ads make big money for Meta.
Nov 7, 2025
Canada and Saudi Arabia are forging stronger economic ties, exploring investment opportunities after years of tension. Meanwhile, Meta is raking in profits from bizarre scam ads, with a staggering 95% of fraudulent posts still lingering on the platform. In other news, Bombardier eyes potential mergers and acquisitions amid increased military spending, while Ford contemplates dropping the electric F-150 Lightning due to disappointing demand. The Supreme Court also declines to hear a case about avian flu-related disputes in BC.
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Royal Winter Fair Tradition
- Jay Rosenthal recounts enjoying the Royal Winter Fair and visiting Exhibition Place as a recurring personal favorite.
- He jokes about planning live shows and attending other events like the boat show with Alex Blumenstein.
Canada Reopens To Saudi Capital
- Saudi Arabia's investment push signals a thawed relationship with Canada after a prior diplomatic rift.
- Ottawa now views access to huge sovereign wealth as politically and economically more palatable amid stability concerns.
Trade Plunge Then Rapprochement
- Trade between Canada and Saudi Arabia plunged after Ottawa's 2018 criticism, but ties have since mended.
- Restored relations create new openings for banks, AI firms, and miners per Khalid Al-Falih's outreach.