

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.
Episodes
Mentioned books

Jun 1, 2023 • 9min
Class action suit 👨⚖️ — Stellantis subsidies could surpass VW’s. Retailers want to replace tags with QR codes. Shopify faces class action suit over severance pay.
Stellantis looked at the subsidies Volkswagen was offered for its Ontario electric vehicle (EV) battery plant—the total could end up hitting $13 billion—and said, “Hold my beer.”Someone has figured out a use for QR codes that isn’t totally frustrating (looking at you, restaurants with digital-only menus).Shopify employees were once known for their loyalty and reverence for the company, but that was before people started getting fired.Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO-We're looking to learn more about YOU! Please click the link below to take part in a short survey and get entered into a draw to win a $50 Visa Gift Card:https://tinyurl.com/TPDTS

May 31, 2023 • 9min
Car thief 🚗 — Your Kia is (kind of) safe in Canada. Canada’s ketamine supplies are running low. A small province tackles big problems.
A year after the “Kia challenge”—the “challenge” is to steal a Kia—emerged on TikTok, software fixes haven’t stopped thieves from continuing to make off with stolen cars.You may know ketamine by its use as an animal sedative or status as a Schedule 1 drug, but the demand for it as a treatment for anxiety and depression is also booming.Canada’s smallest province is getting bigger. Prince Edward Island (PEI) will be home to 200,000 people by 2030, according to projections released by its provincial government..Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO-We're looking to learn more about YOU! Please click the link below to take part in a short survey and get entered into a draw to win a $50 Visa Gift Card:https://tinyurl.com/TPDTS

May 30, 2023 • 8min
Busy parks 🏞️ — Canada’s national parks are selling out fast. A tale of two job markets complicates labour shortage story. And Quebéc gets stricter on immigration.
Ahhh, spring. If you ask us, there’s no better time to take advantage of the great Canadian outdoors… that is, if you can snag a reservation.We’ve all heard plenty about Canada’s labour shortage by now, but a new StatsCan report shows that understanding the state of the job market is way more complicated than counting the number of “help wanted” signs.*If you don’t know your j’ai fini from your [je suis finis](https://www.bbc.co.uk/languages/yoursay/lost_for_words/french/deadly_food.shtml#:~:text=Je suis finis.,simply%3A J'ai fini.),* you might have a hard time migrating to Québec in the coming years.Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO-We're looking to learn more about YOU! Please click the link below to take part in a short survey and get entered into a draw to win a $50 Visa Gift Card:https://tinyurl.com/TPDTS

May 29, 2023 • 14min
Hard to sell 🌿 — Don’t believe everything you see. Weed is too hard to sell. And Albertans go to the polls.
It’s time to update the old warning, “Don’t believe everything you read,” to “Don’t believe everything you see.”Here’s an only-in-Canada story for you: Government officials are worried that it’s too difficult to sell people weed right now.Voters in Alberta will decide on their next premier today in a close election that’s being watched around the country.Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO-Loblaw purchase announcement:https://www.loblaw.ca/en/In-a-canadian-first-loblaw-to-purchase-electricity-in-alberta-that-is-generated-by-wind-sun-and-water-helping-to-cut-its-nationwide-operating-carbon-emissions-by-17-per-cent/Loblaw ESG report:https://www.loblaw.ca/en/responsibility/-We're looking to learn more about YOU! Please click the link below to take part in a short survey and get entered into a draw to win a $50 Visa Gift Card:https://tinyurl.com/TPDTS

May 26, 2023 • 8min
Critical minerals 🪨 — Canadian banks hurt by weak earnings. Falling behind on critical minerals mining. The era of easy returns is over.
Our high-level bank earnings summary: “Not great, but things could be worse.”How do you mine critical minerals in Canada? Very slowly, according to one of the largest miners in Ontario’s Ring of Fire.The days of no-questioned-asked returns are numbered, as retailers crack down on one of their biggest profit suckers in a worsening economic climate.Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

May 25, 2023 • 8min
AI podcasts 🎤 — We’re number one (in debt). AI comes for the podcasters. Why cities can’t have nice things anymore.
Sometimes being number one isn’t anything to brag about—take Canada’s household debt situation, for example.There are a lot of podcasts. About 4 million, to be exact. From old roommates to distant relatives to yours truly, starting a podcast has become a right of passage into adulthood.We regret to inform you that city budgets across the country have gotten so tight (relatable) that they’re starting to take away the fun stuff.Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

May 24, 2023 • 9min
Post-plastic 🥤 — Ontario clears path for foreign trained engineers. Welcome to your (sort-of) post-plastic future. And no public inquiry needed.
Becoming an engineer in Ontario just got easier (you know, aside from all the math).By the end of this year, plastic straws are set to officially become a relic of the past.After taking a look into allegations of China’s interference in Canadian politics, former governor general (and current “special rapporteur”) David Johnston has decided the whole thing represents an “increasing threat to our democratic system” but has not called for a public inquiry into the matter.Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

May 18, 2023 • 9min
Trucker tax 🚛 – The CRA is looking into a trucking scam. Who’s paying for the EV transition. And no such thing as a free TV.
A group representing Canadian truckers is sounding the alarm about a scam it thinks has reached a “crisis level.” And unlike a novelty mudflap, it’s no laughing matter.Everyone wants to be a big EV player… as long as someone else pays for it.A startup called Telly has dominated the news headlines after offering a smart TV with a market value of $1,000 for free. The catch? To subsidize your free TV, the screen comes with a small display attached to the bottom that will run advertisements as you watch.Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

May 17, 2023 • 9min
Regulating AI 🤖— Altman testifies to Congress. Inflation is going the wrong way. And WestJet pilots are threatening to walk.
If anything can bring two sides of the aisle together, it’s regulating artificial intelligence.Some surprises are good, like a b-day party or finding a $20 bill in your coat. Others are less good, like a cancelled reservation or a blister. Recent inflation data is one of those surprises.If you thought long weekend travel couldn’t possibly get any more chaotic, think again.Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

May 16, 2023 • 9min
Troubling wildfires 🔥— Vice is selling. Western Canada is suffering from wildfires. And Hollywood disapproves of Canadian content laws.
Vice, which started out as a tiny punk zine in Montréal before becoming the bad boy idol of new media brands, filed for bankruptcy protection. A group of its creditors put in a US$225 million bid to buy the company, an amount that would be covered by existing loans.Western Canada has seen more than 600 wildfires so far this year, but officials say the season is just getting started.The Motion Picture Association (MPA)—a trade group made up of major Hollywood studios, including Disney and Netflix—published a report claiming that Canada’s system for defining homegrown content is unusually narrow and out of step with the rest of the world.Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO