The Peak Daily

The Peak / Curiouscast
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May 9, 2023 • 9min

Digital coins 🪙 — The BoC wants to issue a digital currency. Europe is regulating AI. And Lululemon is combatting fakes.

The Bank of Canada (BoC) wants to know how you’d feel about swapping those cold hard coins for a less tangible alternative.When it comes to tech regulation, Europe is like the friend who sucks it up and calls the Uber when everyone pretends to stare off into space. Cracking down on AI is no exception.Want to get a free pair of Lululemon leggings? You just have to buy a fake pair first.Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO
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May 8, 2023 • 9min

Coronation 👑 — We have a new King. The future of AI and jobs. And the Alberta wildfires.

In case you weren’t up at 4 a.m. on Saturday waiting with bated breath and a full English breakfast, King Charles III’s coronation was this morning, generating fawning and furor.From the role of AI in the writers' strike to IBM’s hiring freeze, it’s time to talk about how we plan to defend jobs against the robots.Wildfire season has arrived early in Alberta this year, forcing the province to declare a state of emergency over the weekend and expand evacuation efforts.Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO
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May 5, 2023 • 14min

Shopify layoffs 🛍️ — Shopify makes cuts. TD loses a deal. And a new grocery code of conduct. For our first story, Like our goal of reading 100 books, Shopify started the year with an unattainable dream.

After weeks of speculation about the fate of a takeover deal that would make TD Bank the sixth-largest lender in America, the offer is officially off the table.The grocery code of conduct that would govern the actions of Canada’s grocers and their suppliers is in its final draft, but it’s still leaving top grocery critics hungry for more.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/
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May 4, 2023 • 9min

New Airbnbs 🏨 — Bed, Bath and Beyond locations are being bought up. Changes coming to Airbnb. And tension in the banking system.

If you’re been looking to gift that special someone a lightly used retail outlet, act fast: nearly half of the now-emptying 65 Bed Bath & Beyond stores in Canada have been snapped up.These days, it’s easy to find yourself in the midst of planning your dream vacation only to checks bank account realize, you know what, a weekend camping trip is actually just fine.While bankers no doubt rejoiced after the US Federal Reserve signalled it would move to pause rate hikes, the sector is still full of more tension than the final season of Succession.Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO
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May 3, 2023 • 9min

Writers strike ✍️ — Screenwriters are going on strike. A Canadian NHL team is for sale. And Blackberry is back in the news.

The Writers Guild of America (WGA)—the union representing 11,500 scribes behind American film and TV—is on strike after failing to reach a new deal with the Alliance of Motion Picture and Television Producers, AKA, the suits that sign their cheques.It’s not every day an NHL team goes up for sale, so interest in buying the Sens is booming.Just in time for the movie about its dramatic rise and fall, BlackBerry is back in the news.Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO
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May 2, 2023 • 11min

Strike over 🪧 — The public sector strike is over. Adidas is re-evaluating. And more AI concerns.

After 12 days of picketing, most striking federal government worker strikes are back on the job.After realizing it couldn’t make a fashion line in partnership with freakin’ Beyonce marketable, Adidas is stepping back to reassess its entire business.British-Canadian computer scientist and University of Toronto professor Geoffrey Hinton—known as one of the three “Godfathers of AI”—stepped down from his role at Google’s AI division so he could freely talk about the dangers AI currently poses.Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO
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May 1, 2023 • 9min

Housing shortage 🏠 — CMHC says housing shortages are going down. There’s a new Twitter alternative. And new rules for airlines.

If you thought there already weren’t enough homes to go around, the Canada Mortgage and Housing Corp. (CMHC) wants you to know you ain’t seen nothing yet.Faced with a litany of annoying bugs and bewildering product changes, many Twitter users are looking for an alternative—the question has always been, what would that alternative be?The federal government is making it easier for you to win arguments with airlines’ customer service departments.Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO
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Apr 28, 2023 • 9min

Overload 🔌 — Regional banks are in trouble. Hydro-Quebec is overloaded. And commercial real estate is in hot water.

Since the collapse of Silicon Valley Bank (SVB), it’s been tough sledding for US regional banks… and investors worry that First Republic could be the next to fall.Like a university student with a full course load, Hydro-Québec has taken on too much and is running low on energy… literally.Is commercial real estate the next domino to fall in our creaking global economy? A growing number of signs point to very possibly.Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO
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Apr 27, 2023 • 8min

Gaming risk 🎮 — The Microsoft acquisition of Activision is at risk. Amazon and UOttawa partnership off the table. And Ikea is working to keep their furniture affordable.

Microsoft’s proposed US$69 billion acquisition of Activision Blizzard is in jeopardy after the UK’s competition regulator delivered, to put it in gamer parlance, a 360 no-scope kill shot.What do Amazon and your ex have in common? Both face accusations of being way too controlling.The company synonymous with “affordable furniture” is working hard to keep it that way.Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO
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Apr 26, 2023 • 9min

Online streaming bill 📺 — Canadian railcars are going south. AI dominates earnings. And the latest on the online streaming bill.

On Alphabet and Microsoft’s earning day, let’s unpack the results…Pizza Pizza isn’t the only Canadian entity heading to Mexico. Soon, Canadian railcars will be making like us on Spring Break and taking trips down south.The contentious Bill C-11, or The Online Streaming Act, is set to pass in the Senate any day now.Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

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