The Peak Daily

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.

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.

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.

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.

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.

According to a guy that’s seen the darkest side of the corporate world, the fallen crypto exchange FTX is the worst of it all.Last month Indonesia floated the idea of a so-called “OPEC for nickel”. Now, it’s shopping around for partners to make this cockamamie dream a reality. At the top of its list? Canada.You probably know that it rains a lot in Vancouver. What you might not know is that Canada’s grain supply chain essentially comes to a screeching halt every time the skies open up there.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.

Is it the beginning of the end of Canada’s real estate downturn? RBC thinks so.Cult-favourite note-taking platform Notion launched a private alpha test for its newest product, Notion AI, which can generate written content with a single prompt.Canada is ill-equipped to detect ships in its Arctic waters, and the country’s Auditor-General is pointing fingers at the federal government for not doing enough to address the problem.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 Bank of Canada (BoC) is on track to give “monetary tightening” a whole new meaning by losing between $5 billion and $6 billion over the next few years.As Black Friday rears its head, the world’s largest retailer is showing signs that the doom and gloom facing the retail sector this year may have been (at least a little) overhyped.A former researcher who worked in its electric batteries unit at Hydro-Quebec has been accused of collecting trade secrets and passing them on to China.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.

More Canadians than ever want to get behind the wheel of an electric vehicle (EV), but most won’t be able to plant their butt in a driver’s seat anytime soon.Still have some spare CERB money kicking around? Why not bring together your closest billionaire friends and buy a professional hockey team?Not long after warning of a slowdown around what is usually a busy holiday season, Amazon has become the latest company to cut jobs to brace for a potential economic downturn.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.

After becoming the first company to lose US$1 trillion in market value (yes, ever), Amazon is taking a long, hard look at its business, because something ain’t right.Elon Musk held his first meeting as the company's CEO, fielding questions from staffers and dropping several off-side comments, like saying “there’s a good chance” Twitter will not survive the economic downturn.After scrambling to drum up money to fix a cash shortfall of US$8 billion, FTX filed for what will be the biggest US bankruptcy this year.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.