

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

Apr 18, 2023 • 8min
New Samsung Search 📱— Samsung is thinking about swapping Bing for Google. Hockey Canada gets its funding back. And remote workers get a tough report.
It’s not often that Google's parent company Alphabet takes an L, but yesterday, shares dropped after news of a potential disaster on the AI chatbot front broke.After ten months of withholding funding, the feds are hoping the black sheep of Canadian sports has turned a new leaf.Fair warning to all the hard-working remote workers (we include ourselves in that mix), this new set of remote work data might hurt a bit.Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

Apr 17, 2023 • 9min
Carplay Collision 🚗 — GM is moving on from Carplay. Vertical farming taking off in BC. And gifts for customer service reps.
Your car dashboard is shaping up to be the next front in the fight to own the screens we look at all day.When you think of a warehouse, you probably think of rusted shipping containers or movie fights scenes, not a bountiful harvest. Vertical farming may change that perception.Companies are using the “Santa Claus” method to win over customer service reps, i.e. showering them with practical gifts.Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

Apr 14, 2023 • 8min
Billion dollar weather business 🌡️— Teck and Glencore tussle. Foxconn could come to Canada. And a new weather business hits the market.
Like a pitcher waving off his catcher’s pitch…Canada’s largest diversified miner is repeatedly fending off the advances of an unwanted suitor.The federal government wants a shiny new battery supply chain for electric vehicles (EVs). Capitalizing on Foxconn’s move away from China might be one way to nab it.“How’s the weather out there today?” might be a simple question to ask, but coming up with an answer is a multi-billion dollar industry.Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

Apr 13, 2023 • 9min
Day trading tax 📈 — Interest rates stay flat. Canadian tax courts cracking down on TFSA. And canola oil is getting big into fuels.
Tiff Macklem is nothing if not a man of his word. Despite mounting pressures, the Bank of Canada (BoC) kept its promise and continued to hold steady on interest rates.Canadian tax courts are cracking down on TFSA day trading, taking aim at investors that are doing so well that their trades could be classified as a business activity… well, kind of. Big Canola is betting that canola oil will be used to deep fry potatoes and power vehicles.Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

Apr 12, 2023 • 9min
Review hijack 🛍️ — Interest rates are looking down. Big fine for review hijacking. And return to office incentives.
High interest rates are hurting wallets, but there may be an end in sight.Supplement-maker The Bountiful Company will pay a US$600,000 fine to the US Federal Trade Commission (FTC) in a first-of-its-kind ruling against “review hijacking” on Amazon.Companies across the country are trotting out all sorts of new incentives to entice workers to trade in their sweatpants and mid-day naps for office life, per The Globe and Mail.Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

Apr 11, 2023 • 7min
Sleep deals 💤 — Sleep Country makes another deal. And the courts are looking to scrap Mr. Big.
If you thought tax season couldn’t get any more stressful, the people responsible for getting your returns back are out of office for the foreseeable future.While you were counting sheep, Sleep Country has been busy counting dollars.Something called “The Mr. Big” tactic has a 95% success rate in jailing criminals, but critics want it banned.Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

Apr 10, 2023 • 8min
Infested mansion 🏠— Apple moves some manufacturing to India. 24 Sussex is in trouble. And Google can’t fire Germans.
Apple’s first-ever retail store in India is set to open any day now, but that’s hardly the only move the biggest tech giant is making into the world’s fastest-growing major economy.When 24 Sussex Drive, the Prime Minister’s official residence since 1951, was shut down over health concerns last year, we thought, “How bad could things possibly be?”The answer: mountains of dead rodents bad.Europe’s strict labour laws are slowing down the international leg of the tech layoff tour.Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

Apr 6, 2023 • 9min
The Big Short 💸— Investors are betting against TD. Friendshoring has challenges. And new doctor rules.
Don’t freak out, but global investors are staking a lot of money on one of Canada’s biggest banks hitting some seriously choppy waters.To paraphrase The Beatles, we can always get by with a little help from our friends… but maybe we shouldn’t rely on them too much.It will soon be easier than ever for Ontarians to find a doctor with a charming accent.Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

Apr 5, 2023 • 9min
Quiet cities 🏢 — Finland is in NATO. Twitter is pushing pay-to-play. And Canadian downtown cores are quiet.
The happiest people on earth have joined the West’s most important military alliance.Today in news we wish was an April Fool’s joke, Twitter is **all in on pay-to-play.Canada’s downtown cores aren’t quite ghost towns, but their office buildings are eerily quiet.Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

Apr 4, 2023 • 9min
Fighting acquisition 🥊 — WWE is bought. A Canadian astronaut is going to space. And Aritzia has a new law suit.
Hot off of WrestleMania, the world’s largest pro wrestling promotion is linking up with the world’s biggest mixed martial arts brand to bodyslam their way to bigger broadcast deals.For Ontario’s Jeremy Hansen, the sky is not the limit. NASA is sending him to [deep space](https://exploredeepspace.com/deep-space-mission-3/what-is-deep-space/#:~:text=Deep space%3A Beyond the Moon,Earth is 3%2C100%2C000 miles away.).Canadian clothier Aritzia is having a moment in the sun, but some clouds are coming in the form of a copyright infringement lawsuit against its viral storefront sculptures.Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO