The Peak Daily

The triple A of Big Tech—Apple, Amazon, and Alphabet—all dropped earnings reports for the final quarter of 2022, each with its own specific points of concern.Arguing on social media: It’s not just for cranky relatives you only see once a year. Major Canadian grocery chains can get in on the fun, too.Magic mushroom shops are springing up across the country, not unlike the spree of black market pot shops that populated urban areas in the runup to legalization in 2018.Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

Indian billionaire Gautam Adani was the world’s third-richest person just a week ago. He’s now (as of writing) down at 17th place…Grocery bills are set to get even higher as grocers begin to process a backlog of requests from suppliers to increase prices.Tim Hortons has reached a half-baked settlement under some pretty stale privacy laws.Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

Recent earnings reports give us a glimpse into how old-world social media platforms are adapting to a scary new world where ad revenue continues to fall.Stop me if you’ve heard this before: A central bank chair walks into a conference hall and delivers an interest rate hike…Inflation is coming down, and the reason may lie in what’s happening in housing.Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

Porter Airlines expands amidst industry challenges. British Columbia decriminalizes drug possession. TD Bank partners with immigration website for advertising. Aviation, drug policy, and banking news in Canada.

Think your Sunday Scaries are bad? Members of Parliament returned to Ottawa after a six-week winter break with enough on their plates to keep yours truly hiding in bed.Now that artificial intelligence (AI) can pass MBA exams and create workout plans, investors just can’t pull out their chequebooks fast enough.Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

It feels like we’ve suddenly been transported back to 2013, because everyone is talking about BuzzFeed. But the reason they’re talking about it is very 2023.Remember last year, when we were all gleefully shaming Taylor Swift and Kylie Jenner for their exorbitant flying habits? That was fun, right?You may soon be able to get a lot more than a massage and 75% off your next physio appointment with your workplace health insurance.Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

The country’s top court is deciding whether pretend people can help defend real crimes.Canadian dealmaking fell ~40% in 2022 and is currently down ~50% from the same last year. Despite this, workers at the country’s top investment banks can sleep easy knowing their jobs are not in imminent danger.The food industry wants to appeal to a growing number of “climatarians” and “regenivores”.Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

$37 chicken, $14 yogurts, and $8 cabbage? Apparently, we haven’t seen the worst of it, as groceries are set to become even more expensive in the coming months.Not to be outdone by Big Tech, the media sector is also battling a series of shocking layoffs.Work From Home is definitely here to stay, but unfortunately, not for everyone.Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

A new lobby group wants Canada to embrace the idea of employee-owned businesses.China’s manufacturing sector may be slowing, but its facial recognition industry is booming.As Ukraine gears up for what’s been called a pivotal moment in its war with Russia, President Volodymyr Zelenskyy is suddenly dealing with newfound problems at home.Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

Ken Griffin's Citadel replaces Ray Dalio's Bridgewater as the most successful hedge fund ever. Laptop companies are trying new strategies due to declining sales. Offshoring manufacturing to India is the latest trend.