Rate hike 📈 — The Bank of Canada hikes interest rates. Canadian companies are getting out of Russia. And MLB is going into lockout.

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 for the downtown Toronto hospitality scene.

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The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.