The Peak Daily

If you’re doing dry January, maybe just keep at it for a while—at least that’s what new national guidelines on alcohol intake would recommend.China’s GDP grew [only 3% last year](https://www.cnn.com/2023/01/16/business/china-gdp-2022-hnk-intl/index.html#:~:text=China's economy expanded by just,downturn in the property market.), well below government targets and the country’s slowest growth rate since 1976 (aside from 2020, because of you know what). And somehow, that’s not even the worst news China got yesterday.It feels like we write this every few months, but here we go again: Elon Musk is heading to court.Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

As layoffs spread across the tech and finance landscapes like a bad rash, workers are trying to get ahead by securing new jobs before the corporate axe comes a-chopping.Life is a fickle thing. Just ask Michele Romanow. One day you’re the face of a Heineken advertising campaign. The next you’re stepping down as the CEO of your company.The days of take-home and open-book essays are over, as a new wave of generative artificial intelligence (AI) puts a full stop on traditional classroom learning as we know it.Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

Whether you like them scrambled, poached, or raw like Rocky Balboa, one yolky grocery staple is about to get cheaper. Though not as cheap as they could be.BMO is linking up with financier Georgian to bring down the wall between investors and privately held technology companies.Almost 30% of Canadians say their New Year’s resolution is to get in better shape. Some gyms are advocating for one trick that could help: Electrocution.Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

The world’s climate goals are banking on the success of carbon capture technology. One start-up has potentially kick-started the industry after a major breakthrough.Like all good friends, Canada, the US, and Mexico sometimes get into squabbles. Luckily, they have a panel of unbiased trade experts on-hand to help resolve them.The Chinese government has been trying to take some of the air out of an inflated real estate market, but it’s not going to be a soft landing.Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

Data from past recessions shows us that blue-collar workers usually bear the brunt of the impact. This time around, the trend is on track to flip into reverse.In the market for a sublet? How about a seven-floor, 348,100-square-foot office space that was supposed to be inhabited by a Canadian tech giant?Many people have a dream of owning a small business. However, it might make more sense just to take over an existing business, as there will soon be plenty of them hitting the market.Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

In recent years, Canadian companies have been pouring money into Mexico.If you’re looking to save some money on groceries (and who isn’t), some startups are hoping you’ll drop coupon clipping in favour of scouring apps to score bags of half-off produce.The days of tweeting #BellLetsTalk (and giving yourself a little pat on the back for it) have come to an end as the telecom giant revamps its famous mental health campaign.Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

If paying upwards of $670 to eat reindeer brain custard at the world’s best restaurant is on your bucket list, you have until 2024 to secure a reservation (so start calling in favours).In what’s basically a rite of passage for any sector of the economy looking to be taken seriously, Stats Canada is now officially tracking the hard data around gig work.After watching the new Top Gun, we’ve realized that fighter jets are super cool. We also suspect the timing of the government’s first jet order in three decades is no coincidence.Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

Canadians have long headed to the US to shop, but the trend is reversing as Americans flock north to get their hands on a diabetes drug that’s gone viral for its weight loss effects.Like a beefy bro at the gym, Canada’s seeing some serious gains. Job gains from last month, that is.As attention shifts away from the absolutely ancient fad of crypto, AI startups are now taking centre stage.Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

Home sales in Toronto and Vancouver, the country’s largest housing markets, fell by ~50% last month compared to the year before, while average selling prices fell by 9% to ~$1,050,000 and 3% to $1,114,000, respectively, in the same time frame.As Canada ramps up efforts to meet its lofty decarbonization goals, the country’s oil sands are scrambling to keep up.CES, the world’s biggest tech trade show, kicked off yesterday in sunny and sinful Las Vegas with tech companies big and small ready to show off new gizmos, gadgets, and gimmicks.Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

What comes after a surge in employee turnover? A surge of untrained employees.Things have been stormy in the eurozone the past few months, but the clouds are starting to break as peak inflation is now behind Europe thanks to sliding natural gas prices.On New Year’s Day, Ukraine carried out a hugely successful strike on a Russian military site. Russia claims Ukraine pulled it off by locating soldiers who were using cell phones—a sign of Ukraine’s ongoing technological prowess in the warzone.Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO