The Peak Daily

Danish beer titan Carlsberg is buying Canadian brewery Waterloo Brewing for a cool, crisp, and hoppy $144 million in the largest deal ever for a Canadian brewery.The US Justice Department and Securities Exchange Commission (SEC) charged eight finance influencers with defrauding investors of US$114 million through “pump and dump” schemes, in which they encouraged followers to sink money into penny stocks to artificially inflate their prices and then sold their shares of to earn a tidy (and illicit) profit.The Center for Countering Digital Hate set up new TikTok accounts with an age setting of 13 and monitored the first 30 minutes of content delivered on the platform’s algorithmically personalized “For You” page.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.

Like many of us, the world’s central banks are ready for a re-brand in 2023: Out with the inflation-fighting fun-sucking and in with a cooler and more laid-back approach to rate hikes.Google heard all the clamour about ChatGPT (OpenAI’s AI chatbot that’s been heralded as a huge leap forward in the field) and how it could one day take on Google Search.In response, the company is telling everyone to take a serious chill pill.China is rolling back their COVID Zero policy.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.

Today is the final day of the hearing that will decide the fate of the Rogers-Shaw merger, a deal that has wide-ranging implications for competition in Canada’s telecoms industry.Please, stop us if you’ve heard this one before, but Elon Musk’s Twitter just made a big change involving safety and moderation leaving a whole bunch of people on bad terms.Feeling gloomy about the state of Canada’s economy these days? You aren’t alone. New polling by Crestview Strategy shared exclusively with The Peak shows that a large majority of Canadians think our economy is getting worse.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.

Could the sport that finally breaks the ranks of the Big Four North American Leagues really be one that’s named after a briny, preserved vegetable?If you thought things couldn’t get worse for the crypto world, this week may force you to think again.Seven interest rate hikes later, personal finances have seen better days.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.

Québec became a destination for crypto mining, a practice often criticized for its high energy use, by boasting some of North America’s cheapest energy prices. But now, Hydro-Québec has asked the province for permission to reallocate energy to other projects, per *The Wall Street Journal.*According to Deloitte Canada, the average household will spend $1,520 this year on the holidays, 17% less than in 2021, as Canadians brace for economic headwinds.Important news for skiiers and snowboarders: If you’re planning to shred some pow’ over the holidays, chances are you’ll have a lot of company.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 holiday season has always been a time for opening our hearts and wallets to charity, but this year, more Canadians are cutting giving out of the budget as they try to conserve cash.A dozen developing countries might spin into a debt crisis within the next year, spelling financial trouble for some of the world’s most vulnerable people, per The New York Times.The government is looking to implement new rules under the Investment Canada Act that would require foreign actors to give advanced notice of investments in sectors deemed as “sensitive” and subject those investments to conditions from Canada’s industry minister.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.

We’ve come a long way since the 8.1% inflation rate seen in June (a near four-decade high), but if you ask the Bank of Canada (BoC), the economy still has some way to go.GoodLeaf, a Guelph-based indoor farm, raised $150 million from McCain and the investing arm of Quebec insurer Power Corp to expand its greens into a national brand.Canada has invested billions into the critical minerals mining sector this year with grand ambitions to become a major player in the global supply chain for electric vehicle (EV) batteries.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.

A corporate one-two punch has left the executive bench at Salesforce looking a bit empty.After the Canadian men flamed out of the World Cup, a new group is trying to keep soccer fever alive and well with a focus on Canada’s (historically way better) women players.The UN’s COP15 biodiversity conference commences today in Montreal with over 10,000 participants set to discuss how to protect and increase the world’s plant and animal life.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.

Stablecoin group Circle has abandoned its plans to go public, one of the first signs that the fall of crypto exchange FTX is starting to hit even digital assets regarded as the least risky.Folks, Canada’s got a serious case of the ol’ [“inverted yield curve.”](https://www.bnnbloomberg.ca/yield-curve-inversion-hits-widest-in-canada-since-early-1990s-1.1854997#:~:text=The yield on Canada's benchmark,Toronto time.)Former meme stock darling Hertz doled out US$168 million to settle 364 claims that it falsely reported rental cars as stolen when they just weren’t returned on time.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.

OpenAI (the lab behind the AI-powered DALL-E image generator) launched its new AI chatbot ChatGPT to the public as part of its beta test.China’s President Xi Jinping has publicly acknowledged the protests that have erupted across the country in response to the government’s strict anti-Covid measures.Volkswagen is setting its sights on Canada for a new electric vehicle (EV) battery factory after a recently signed agreement effectively added the country to a shortlist of potential locations for its North American expansion.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.