The Peak Daily

Porter Airlines expands amidst industry challenges. British Columbia decriminalizes drug possession. TD Bank partners with immigration website for advertising. Aviation, drug policy, and banking news in Canada.

Think your Sunday Scaries are bad? Members of Parliament returned to Ottawa after a six-week winter break with enough on their plates to keep yours truly hiding in bed.Now that artificial intelligence (AI) can pass MBA exams and create workout plans, investors just can’t pull out their chequebooks fast enough.Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

It feels like we’ve suddenly been transported back to 2013, because everyone is talking about BuzzFeed. But the reason they’re talking about it is very 2023.Remember last year, when we were all gleefully shaming Taylor Swift and Kylie Jenner for their exorbitant flying habits? That was fun, right?You may soon be able to get a lot more than a massage and 75% off your next physio appointment with your workplace health insurance.Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

The country’s top court is deciding whether pretend people can help defend real crimes.Canadian dealmaking fell ~40% in 2022 and is currently down ~50% from the same last year. Despite this, workers at the country’s top investment banks can sleep easy knowing their jobs are not in imminent danger.The food industry wants to appeal to a growing number of “climatarians” and “regenivores”.Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

$37 chicken, $14 yogurts, and $8 cabbage? Apparently, we haven’t seen the worst of it, as groceries are set to become even more expensive in the coming months.Not to be outdone by Big Tech, the media sector is also battling a series of shocking layoffs.Work From Home is definitely here to stay, but unfortunately, not for everyone.Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

A new lobby group wants Canada to embrace the idea of employee-owned businesses.China’s manufacturing sector may be slowing, but its facial recognition industry is booming.As Ukraine gears up for what’s been called a pivotal moment in its war with Russia, President Volodymyr Zelenskyy is suddenly dealing with newfound problems at home.Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

Ken Griffin's Citadel replaces Ray Dalio's Bridgewater as the most successful hedge fund ever. Laptop companies are trying new strategies due to declining sales. Offshoring manufacturing to India is the latest trend.

When it rains, it pours. At least when it comes to tech layoffs, with Google-parent Alphabet becoming the most recent name to announce a headcount reduction.Amid a flurry of recent announcements, it’s clear that efforts to help a healthcare industry in crisis are kicking into high gear.Somebody needs to make Top Gun, but for airline pilots, because the profession is facing a shortage and could really use a shiny new recruitment tool.Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

The US reached the max amount of debt that it’s allowed to take on (aka the debt ceiling) yesterday, causing the US Treasury to begin taking special measures to ensure the government can continue paying its debt.Hacking group Lockbit has earned the title of “most prolific ransomware gang in the world”, carrying out ~25% of all known ransomware attacks last year and taking responsibility for breaches of over 40 organizations across the globe this month alone.TikTok is prepared to open its algorithms to regulators, in a move that could permanently change the relationship between governments and social media giants.Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

Air Canada and WestJet have been cutting domestic flight routes in recent months, a move that one business group thinks is fishier than an in-flight meal.If it wasn’t bad enough that the cost of dating (read: rising restaurant prices) has skyrocketed, now the cost of landing a date is also on its way up.Russia is thought to be preparing for a major offensive in the war with Ukraine. Ukraine’s top general, Valery Zaluzhny, wants 300 Western tanks and 600 vehicles to help fend it off.Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO