The Peak Daily

Canadians have long headed to the US to shop, but the trend is reversing as Americans flock north to get their hands on a diabetes drug that’s gone viral for its weight loss effects.Like a beefy bro at the gym, Canada’s seeing some serious gains. Job gains from last month, that is.As attention shifts away from the absolutely ancient fad of crypto, AI startups are now taking centre stage.Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

Home sales in Toronto and Vancouver, the country’s largest housing markets, fell by ~50% last month compared to the year before, while average selling prices fell by 9% to ~$1,050,000 and 3% to $1,114,000, respectively, in the same time frame.As Canada ramps up efforts to meet its lofty decarbonization goals, the country’s oil sands are scrambling to keep up.CES, the world’s biggest tech trade show, kicked off yesterday in sunny and sinful Las Vegas with tech companies big and small ready to show off new gizmos, gadgets, and gimmicks.Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

What comes after a surge in employee turnover? A surge of untrained employees.Things have been stormy in the eurozone the past few months, but the clouds are starting to break as peak inflation is now behind Europe thanks to sliding natural gas prices.On New Year’s Day, Ukraine carried out a hugely successful strike on a Russian military site. Russia claims Ukraine pulled it off by locating soldiers who were using cell phones—a sign of Ukraine’s ongoing technological prowess in the warzone.Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

Some Western countries are looking to play Robin Hood by taking Russia’s money and giving it to Ukraine, but it’s not as simple as swooping in with a crossbow and green tights.Changes by Apple to limit how companies track iPhone users has created an opportunity for Shopify to turn its advertising business into a growth engine this year, president Harley Finkelstein told the Financial Times.Activity in Canada’s manufacturing sector is seeing its longest slowdown in seven years thanks to a drop in output, new orders, and purchasing activity, per Reuters.Former FTX CEO and ex-“Next Warren Buffet” Sam Bankman-Friend (aka SBF) went to court yesterday to maintain his innocence in the face of charges that could land him up to 115 years in the big house.Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TOThe Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

If you’ve been avoiding the news for the past ten days, don’t stress—that’s what the holidays are for. We’re here to get you caught up on the big stories you might have missed while spending your time on more festive matters.Changes by Apple to limit how companies track iPhone users has created an opportunity for Shopify to turn its advertising business into a growth engine this year, president Harley Finkelstein told the Financial Times.We thought we would end off our special first episode of the year with some predictions from The Peak team.Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TOThe Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

The company that once tweeted “love is sharing a password” is now rolling out plans to target over 100 million people who watch the service using borrowed passwords.With most of the country affected by an extreme cold or winter storm alert—or both—the biggest travel weekend of the year is sure to be an eventful one.The federal government unveiled the details of a two-year ban on foreign home buyers set to kick in on January 1st (and as last-minute Christmas shoppers, we really get leaving the announcement to the very last minute).Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TOThe Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

Many of us may be powering down for some holiday R&R, but inflation is still hard at work, making our lives even more expensive.If you thought seeing stock markets freefall for the last year would have scared off investors, let us introduce you to the incoming wave of do-it-yourself Canadian traders.$2.4 million worth of bitcoins were mysteriously transferred from virtual wallets linked to QuadrigaCX, the bankrupt Canadian crypto exchange that was revealed to be a Ponzi scheme.Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TOThe Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

3M will stop making and using “forever chemicals” by the end of 2025, amid growing concern from governments and the public that the substances can cause serious health problems.This month, parents across the country have been attending various year-end recitals, but the privilege of seeing their little ones scamper in the spotlight is pricier than ever.A nationwide ban on the production and import of some single-use plastic items, including grocery bags, cutlery, straws (remember those?), and takeout containers is now in effect.Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TOThe Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

Elon Musk asked Twitter users via poll—his preferred decision-making method as of late—if he should step down as the head of Twitter. Of over 17.5 million responses, 57.5% said yes.Epic Games, maker of the popular video game Fortnite, has agreed to pay US$520 million to resolve two US Federal Trade Commission (FTC) complaints.It seems like most carmakers are aboard the electric vehicle (EV) bandwagon these days…But not according to Toyota President, Akio Toyoda.Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TOThe Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

Shopify has had a stunningly bad year, but then again, so have most tech giants.Wouldn’t you love to fly across the world knowing you weren’t also contributing to the perils of climate change? Well, soon that dream could become a reality.As Elon Musk’s Twitter faces increasing backlash, the billionaire has shown he’s not afraid to rule the platform with an iron fist.Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TOThe Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.