The Peak Daily

Over 55,000 Ontario education workers, including early childhood educators, educational assistants and custodians, are set to walk off the job today.The government served up its annual Fall Economic Statement, including a declining deficit as the main, and risks around Canada entering into a recession as a side.As the world becomes increasingly like a sci-fi novel, new devices are letting the human body do things that once seemed impossible.Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TOJoin us for a live recording of The Peak Daily at the Bet on Canada Summit on November 8th. Buy tickets here: https://readthepeak.com/events/bet-on-canada-2022The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

The US Federal Reserve raised interest rates by 75 percentage points, bringing its benchmark rate range to 3.75%-4% and effectively making any type of debt (mortgages, credit cards, auto) a little bit pricier.Less than a week into his tenure as “Chief Twit” turned “Twitter Complaint Hotline Operator,” Elon Musk is moving quickly to make his mark on Twitter by revamping its business model.The latest version of the Google wildfire warning system will introduce machine learning models trained on satellite data to improve fire tracking and detection in real-time and better predict how they spread.Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TOJoin us for a live recording of The Peak Daily at the Bet on Canada Summit on November 8th. Buy tickets here: https://readthepeak.com/events/bet-on-canada-2022The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

The Adidas-Kanye West split meant the death of Yeezy: The immensely popular and influential line of shoes the controversy-mongering rapper designed for the company.That’s potentially bad news for the sneaker resale market (projected to be a US$30 billion industry by 2030) and for those touting sweet kicks as a burgeoning asset class.Toronto-based TouchBistro, a software provider for restaurants, is breezing though a market downtown that has left venture capitalists holding their dollars close to their chest.The feds just flicked on a big, bright, buzzing “OPEN” sign with a new three-year immigration plan aimed at getting skilled workers into the country to address the ongoing labour crunch.Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TOJoin us for a live recording of The Peak Daily at the Bet on Canada Summit on November 8th. Buy tickets here: https://readthepeak.com/events/bet-on-canada-2022The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

From squashing presidential term limits to picking fights with Taiwan, a lot is going on in China these days... so much so that we almost forgot about the zero-COVID crackdowns.Canadians are starting to feel the economic crunch as the Bank of Canada continues to try and combat inflation that’s more stubborn than a toddler before naptime.Italian alcohol giant Campari paid US$600 million for a 75% stake in bourbon-whiskey maker Wilderness Trail to expand its reach in the booming whisky market.Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TOJoin us for a live recording of The Peak Daily at the Bet on Canada Summit on November 8th. Buy tickets here: https://readthepeak.com/events/bet-on-canada-2022The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

First came “The Great Resignation”. Then there was “quiet quitting” (and the reaction, “quiet firing”). Countless stories about workers checking out from their job over the past year—either literally, or just mentally—painted a bleak picture of the modern workplace, but one that new data suggests bears little relationship to reality.After what felt like thousands of years (but was really just a few months) Elon Musk, finally, officially, and with no-take-backs, owns Twitter... now here comes the fun part.A supercharged US dollar (USD) is beating up weaker global currencies like a schoolyard bully and leaving central banks scrambling to find a solution.Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TOJoin us for a live recording of The Peak Daily at the Bet on Canada Summit on November 8th. Buy tickets here: https://readthepeak.com/events/bet-on-canada-2022The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

In the midst of a healthcare workers shortage, Canada's nurses are heading south of the border.From exercising organs to “hacking” menstrual cycles, there’s a ton of terrible medical advice on the internet… which is why YouTube is moving to certify channels of licensed professionals like doctors, nurses, or therapists who produce health-related content.Household wealth in Canada dropped by ~$900 billion in Q2 of this year according to RBC economists-the largest quarterly drop on record-driven mainly by a tumbling housing market.Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TOJoin us for a live recording of The Peak Daily at the Bet on Canada Summit on November 8th. Buy tickets here: https://readthepeak.com/events/bet-on-canada-2022The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

The Bank of Canada surprised markets with a smaller-than-expected interest rate hike of 0.5 percentage points yesterday (bringing its policy rate to 3.75%), below the 0.75 percentage point hike most economists had forecast.Deepfakes are growing in popularity with small brands to generate buzzy content featuring celebs without having to shell out endorsement money, per The WSJ.On Monday, NASA’s new team dedicated to researching unidentified aerial phenomena (UAPs, formerly known as UFOs) will begin its sci-fi-sounding work.Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TOJoin us for a live recording of The Peak Daily at the Bet on Canada Summit on November 8th. Buy tickets here: https://readthepeak.com/events/bet-on-canada-2022The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

Remember when Europe faced those “unprecedented risks” to its natural gas supply earlier this month? That was then. Now, the continent is basically swimming in it.Canadian pot grower Canopy (+23.5%) has purchased three pot companies south of the border (Acreage, Wanna, and Jetty’s) to form a brand new American business arm.Tech giants Microsoft and Alphabet are kicking off a week packed with earnings, during which investors are sitting tight for indicators about the state of the broader economy.Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TOJoin us for a live recording of The Peak Daily at the Bet on Canada Summit on November 8th. Buy tickets here: https://readthepeak.com/events/bet-on-canada-2022The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

Saudi Arabia’s [Future Investment Initiative](https://www.bnnbloomberg.ca/wall-street-is-heading-to-saudi-arabia-as-us-oil-spat-simmers-1.1836247#:~:text=An escalating dispute over an,the US and Saudi Arabia.) (FII) kicks off today, with the who’s who of international finance meeting in Riyadh to talk shop, despite the icy chill hanging over Western relations.As Canada Blood Services (CBS) deals with decade-low donation levels, the nation’s blood supply administrator hopes paying people to get jabbed will get more veins through the door.About half of Ontario students are not meeting the provincial math standards of a B grade, according to the province’s Education Quality and Accountability Office (EQAO).Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TOJoin us for a live recording of The Peak Daily at the Bet on Canada Summit on November 8th. Buy tickets here: https://readthepeak.com/events/bet-on-canada-2022The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

If Snap’s earnings are any indication of how social media companies are faring right now, the answer is: Not well, not well at all.The G7 price cap on Russian oil imports set to start December 5 has been touted as the biggest step yet in defunding the Russian war machine. But experts aren’t so sure.The battle between blue and green bubbles is about to get a whole lot uglier as cars evolve into drivable devices.Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TOJoin us for a live recording of The Peak Daily at the Bet on Canada Summit on November 8th. Buy tickets here: https://readthepeak.com/events/bet-on-canada-2022The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.