The Peak Daily

Ruoming Pang recently accepted a pay package of more than US$200 million over several years. He’s not an athlete, or a movie star, but a new member of Meta’s “superintelligence” team. Facing the prospect of a 300% property tax hike, a small town just outside of Timmins, Ontario, is throwing in the towel.

We knew that limiting international student visas would be bad for post-secondary schools, but we couldn’t have known it would cause one of the largest mass layoffs the sector has ever seen. The performance of mutual funds might be falling, but that isn’t stopping salespeople at Canada’s largest banks from selling them to customers.

A Canadian company seems to have found a way to use AI in Hollywood without getting anyone sued. An ideologically motivated violent plot that had been in the making for at least four years was shut down by a series of arrests this week.

AI is being given the tall order of deciphering what exactly happens in those long meetings on Parliament Hill. As the price of copper rises, so has the number of thieves snipping it from power lines.

The Calgary Stampede is the only place in the world where you’ll catch business leaders flipping pancakes in the morning and chasing deals into the evening. It has probably never been more important to make a deal with the U.S., and it has probably never been more difficult either

Uber drivers in Victoria are forming Canada’s first rideshare union. The feds want more electric cars. Automakers want more people to actually buy them. Right now, neither side is getting what it wants.

It turns out Gen Z’s anti-alcohol reputation might have been overblown. China is beginning to do to the AI industry what it has done in nearly every other major area of the global economy

Yesterday was Canada Day, which this year was also the federal government’s promised deadline for achieving internal free trade. Saunas are steamy, Ice baths are freezy. Combine the two, and you’ve got a business that's dreamy.

Ever loan a friend some cash just to see them splurge on some questionable purchases a week later? The federal government has found itself in a similarly awkward situation. We knew that the growth in Canadian youth unemployment was bad, but we didn’t realize it was ‘worst among the world’s biggest economies’ bad.

Being inside with no air conditioning during a heat wave sucks. The world’s top central bankers are warning everyone that stable coins are not-so-stable.