

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

Dec 2, 2022 • 8min
Brain chips 💻 — Chips for your brain. The banks are doing well. And LinkedIn has new features.
Elon Musk took a quick break from social media stardom to shift back to mad scientist mode, claiming that chips will start being implanted into human brains in as little as six months.You won’t be surprised to hear that Canada’s big banks are raking in cash during a positive earnings season, but some are doing unusually well and have higher interest rates to thank.These days you can’t answer your phone or open your email without being bombarded by scams, but LinkedIn is determined to make sure you can still confidently accept that invitation to join your colleague’s professional network without the same concerns.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.

Dec 1, 2022 • 10min
Spotify wrapped 🎶 — Streamers are looking to theatres for help. Mexicans are moving to Canada. And workers are going back into the office.
Happy Spotify Wrapped Day to all who celebrate! And apologies to all who don’t (hey there, Apple Music users) because your Insta stories are about to give you some major FOMO.Tough economic times mean that consumers have to take a good, hard look at what they buy, limiting purchases to only the essentials like groceries, rent, and… snowmobiles?Financial responsibility is becoming more attractive as cheap dates are the latest dating trend.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.

Nov 30, 2022 • 9min
Bank buyer 🏦 — RBC buys HSBC. Nestlé is rethinking its drug plans. And the police are using 23andMe to solve crimes.
RBC is already the country’s largest bank by assets ($1.71T), but just because you’re the biggest doesn’t mean you can’t get even bigger by buying HSBC.Nestlé isn’t the first company that comes to mind when you think of Big Pharma. And considering how their rollout of a new allergy drug is going, it’ll probably stay that way.While you’re using DNA testing services to explore your neanderthal ancestry, the police are using the same data to solve crimes.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.

Nov 29, 2022 • 9min
To the movies 🎥 — Streamers are looking to theatres for help. Mexicans are moving to Canada. And workers are going back into the office.
It’s been an up-and-down year for streamers as they struggle to diversify revenue streams. Now a radical, unprecedented idea has come to the fore: Playing movies in movie theatres.In the face of rising crime rates in Mexico, more Mexicans are looking to pack their bags and head north of the border… aaaand north of that border.Workers may want to stay remote, but employers want them in the office—and more job postings insist on just that, making fully remote (and sought after) gigs harder to come by.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.

Nov 28, 2022 • 8min
Public inquiry 👩⚖️ — The Inquiry into the use of the Emergencies Act ends. Flipping homes will get taxed differently. And insurers are having headaches over art vandals.
The public inquiry into the use of the Emergencies Act to break up convoy protests earlier this year has officially come to a close.Starting in January, profits from sales of homes occupied for less than a year will be 100% taxable as income—barring exceptions like death or work relocation.When insurance giants listed “climate change” as their biggest concern in a recent survey, they probably didn’t expect the headache that protests against climate change would bring.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.

Nov 25, 2022 • 7min
Black Friday 🛍 — This Black Friday might not be the same. Dentalcorp is up for sale. Canada’s healthcare system is critically ill.
Canadians are projected to spend 13% less on gift-giving this year as they save money for essentials, but that doesn’t necessarily mean Black Friday will be a total bust for retailers.Dentalcorp, Canada’s largest consolidator of dental clinics, has launched a review of its business to determine how to best “unlock shareholder value,” to which one answer could be “just sell the thing.”Canada is projected to be short 44,000 physicians by 2028, with family doctors accounting for 72% of the deficit, per a recent report by RBC Economics.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.

Nov 24, 2022 • 9min
Controversy ⚽️ — More controversy surrounds the World Cup. Interest rates are becoming a big problem for mortgage holders. And Mercedes has a new subscription product.
Just a few days into the 2022 World Cup, feats of athleticism from the world’s best soccer players have been largely overshadowed by controversies and bold acts of defiance.The pain of rising interest rates is starting to spread across the housing market, and more people may soon find themselves facing larger monthly mortgage payments.Mercedes is now charging a US$1,200 annual subscription fee for drivers of its EQ models to gain access to faster acceleration and better performance capabilities, a feature that the vehicle already comes fully equipped with.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.

Nov 23, 2022 • 9min
Sick days 🤒 — Meta’s Oversight Board made their first big ruling. We don’t know what’s going on with the National Housing Strategy. And Canada’s private sector unions are looking for a raise.
Meta’s Oversight Board, an independent body that judges the company’s most high-stakes content moderation cases, just made a decision that could change how the company moderates content.In 2017, the government launched its National Housing Strategy to create more affordable housing, which includes a sub-plan aimed at cutting chronic homelessness in half by 2028.Canada’s biggest private unions are looking for some of the largest pay gains seen in a generation to make up for the damage inflation has inflicted on consumer purchasing power.Five years in, are the feds any closer to this goal? The short answer: No one knows.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.

Nov 22, 2022 • 10min
Lost a leap ⏱ — We’re losing a leap second.There’s a new sick day law. And a controversial weight loss drug is about to hit the market.
The International Bureau of Weights and Measures (BIPM)-the group that quite literally decides what time it is-voted to [abolish the leap second](https://www.nytimes.com/2022/11/19/science/time-leap-second-bipm.html#:~:text=It was devised as a,allow Earth to catch up.).On December 1, a new law comes into effect guaranteeing ten paid sick days a year for employees in federally-regulated industries like banking, telecoms, and air transport.Several major biotech players are moving fast to develop obesity drugs to snag their share of a market that analysts say could be worth US$50B annually by 2030.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.

Nov 21, 2022 • 8min
Taylor v. Ticketmaster 🎟 — Twitter is the Titanic? Qatar is spending a lot on the WC. And Taylor is battling Ticketmaster.
If you log onto Twitter these days, the vibe is akin to what we imagine being on the deck of the Titanic was like, you know, riiiight after it hit the iceberg.Qatar spent ~US$300 billion (roughly 6.8 Twitters) on World Cup 2022, making it the most expensive FIFA contest ever.A disastrous presale of tickets for Taylor Swift’s upcoming tour has landed Ticketmaster (and its parent company Live Nation) in hot water with an army of Swifties—and (only a slightly more powerful force) the US Justice Department.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.