The Peak Daily

Dive into the booming world of quantum computing as Xanadu gears up for a massive IPO, aiming to keep its talent in Canada. Meanwhile, ChatGPT has officially stepped back from dishing out medical, legal, and financial advice, citing its lack of qualifications. Plus, hear about Questrade's new banking license and the shifting landscape in Canadian media as Corus Entertainment's lenders take control. This week is packed with pivotal industry shifts and sobering realities!

Cosmetic procedures are now trending among young people, accounting for a significant share of neurotoxin treatments. Meanwhile, a pivotal Supreme Court case on Trump's tariff authority could reshape trade relations with Canada. The episode also touches on Canada's new stablecoin legislation and efforts to attract U.S. researchers with financial incentives. Lastly, a notable apology from Mark Carney to Trump over an Ontario tariff ad highlights the political ripple effects.

Canada has shattered summer tourism records, raking in a stunning $59 billion thanks to both local and international travelers. Meanwhile, Prime Minister Mark Carney's upcoming meeting with Xi Jinping aims to rejuvenate Canada-China relations, with discussions on crucial issues like EV tariffs and trade restrictions. Additionally, the U.S. Senate is considering a bill to nullify Trump's tariffs on Canada, while OpenAI gears up for a massive IPO that could reach $1.7 trillion, and Universal announces plans for an AI music platform.

Nvidia hits a staggering $5 trillion valuation, driving excitement in the AI space. The potential global shifts from Nvidia's growth raise eyebrows too. In a surprising twist, Zellers makes a comeback, but can it navigate the fierce competition from e-commerce? Meanwhile, Canada cuts interest rates while strategizing for G7 investment in critical minerals, and a diplomatic spat unfolds between U.S. and Ontario officials. Will Zellers thrive? Stay tuned!

Baris Akurek, VP of Insights and Intelligence at AutoTrader, shares his expertise on the dynamics of the Canadian vehicle market. He discusses how COVID and tariffs have reshaped supply and demand, leading to a drop in used car availability and inflated prices. Baris emphasizes the current inventory challenges, predicting constrained supply until 2027, and offers practical shopping advice, such as utilizing AutoTrader for market insights. His analysis sheds light on the pressing trends affecting Canadian car buyers today.

Ottawa is exploring the exciting world of stablecoins, contemplating how to avoid missing a pivotal financial shift. Meanwhile, a groundbreaking Alzheimer's drug has just been approved, promising significant benefits at a hefty price. In other news, Prime Minister Carney is set to meet President Xi to discuss trade strategies and potential investment changes. Plus, Lululemon is stepping into the NFL scene with a new apparel collection, showcasing their market strategy and athlete endorsements.

Get ready to strike a pose and say “cheese” if you’re heading to the U.S., because any visits to our southern neighbour will soon come with a photo op. Influencers, beware: Lululemon has opened a new front in its war on dupes.

Blue Jays fans aren’t just ponying up $2,500 for nosebleed seats — they've been on a citywide spending spree. Alberta’s ambitions to become an AI data centre powerhouse could be hamstrung by a lack of, well, power.

Hockey is the home of league-sanctioned fist fights, toothless athletes, and now, grey-area gambling. North America’s first-ever whale sanctuary is one step closer to becoming a reality.

Just a week after Stellantis announced it was halting Jeep production in Brampton, another southern Ontario EV auto plant is on the outs. It appears that even one of the biggest newspapers in the world has given up on getting people to read.