The Peak Daily

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.

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.

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.

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.

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.

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.