The Peak Daily

As expected, the BoC delivered another oversized rate hike, bumping the overnight interest rates up to 3.25% from 2.50% (or 75 basis points, if you’re fancy like that).Apple held its latest product launch event, dubbed Far Out, yesterday, announcing a range of new goodies including the iPhone 14 and the Apple Watch Ultra.Freaked-out investors are pouring money into the US while pulling out of international stocks at a rate not seen since a 22-week run of outflows in 2019, per the WSJ.The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

Record-high natural gas prices are climbing higher, sending inflation soaring across the region. According to the European Commission (EC), fixing prices could be an answer.Despite a year full of big electric vehicle (EV) announcements, Canada has fallen further behind its global peers in the race to electrify the roadways.Canada is the worst-performing G7 nation for reducing corporate sector carbon emissions, per a new study from CDP and Oliver Wyman.The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

G7 nations have agreed to impose a cap on the price of Russian oil imports, despite Russian threats to cut off cold turkey any country that tries to mess with its energy business.The pumpkin spice latte isn’t the only hot arrival at Starbucks this fall. The company is bringing in a new CEO to oversee grand ambitions to modernize its espresso-slinging business.If you’re planning to buy an iPad any time soon, you may want to act fast. The Chinese manufacturing hub of Chengdu (where most of Apple’s tablets are made) is locking down to contain a COVID outbreak, threatening to disrupt supply chains around the world.The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

The US is blocking chipmaker Nvidia from selling some of its advanced products to China, according to the company’s latest filing with the Securities and Exchange Commission.Disney is exploring the creation of an Amazon Prime-like membership, per The Wall Street Journal.A new study from environmental advocacy group Environmental Defence that tested items from Canadian dollar stores found that 25% of them included toxic chemicals like lead, cadmium, and antimony.The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

After a solid two-year run, the Canadian economy might be finally slowing down, growing at an annualzed rate of 3.3% in the second quarter (missing the Bank of Canada’s 4% forecast).In its first three months of operation, iGaming Ontario (IGO) reported over $4 billion in cash wagers placed resulting in net revenue of $162 million split between operators, gaming sites, and the province.Donald Trump’s free-speech-centric Twitter alternative Truth Social has run into financial, legal, and technical issues, which honestly, is about what we expected.The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

BlackBerry’s deal to sell 37,175 of its patents fell apart after the buyer landed US$90M short of the $600M agreed-upon payment, per The Globe and Mail.Canadian housing prices will fall between 20-25% from recent all-time highs by the end of 2023’s first quarter, according to a new report from TD Bank.The world’s richest man is citing a recent whistleblower report filed by Twitter’s former head of security Peiter Zatko as another reason why he should be let out of his US$44 billion deal to buy the bird app.The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

As California experiences its worst drought in 1200 years (no, somehow that’s not a typo), two of North America's largest fruit sellers are looking to Canada to grow their berries.The European Commission confirmed that it’s working on an ‘emergency intervention’ to the continent’s electricity market as prices surgeForget heavy courseloads and unrequited crushes, Canadian post-secondary students have a bigger problem as they head back to school this year: Finding somewhere to live.The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

As streamers continue to navigate a difficult year, Amazon has come up with one simple trick to turn things around: Produce and release the most expensive show of all time.Moderna is suing Pfizer and BioNTech in the US and Germany (where BioNTech is based), claiming that the companies’ COVID shot infringes on patents for key elements of its messenger RNA technology that made its ‘Spikevax’ shot possible.As Canadian regulators start to crack down on crypto companies, the world’s largest cryptocurrency exchange is also facing a $1 billion class-action lawsuit in Toronto.The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

As the consumer price index rises to 7.6% (compared with a year ago) shoppers are flocking to discount retailers… and investors are following closely behind.Get ready for a future where your commute is more crowded and the morning Tim’s line is even longer because Canada is going to have a lot more people.Golfers Tiger Woods and Rory McIlroy have formed TMRW Sports, a new venture partnering with the PGA Tour to drag an old-fashioned game kicking and screaming into the future.The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

It’s been a rough week for markets as we wait for a vibe check on the economy coming out of the Federal Reserve’s annual policy symposium, kicking off in Jackson Hole today.There’s a new trend gaining traction online amongst hoards of disaffected workers: Quiet quitting. And no, it doesn’t mean silently walking out of the office one day, never to returnPoor harvests in Brazil may start hitting your wallet where it hurts most: Your daily cup of joe.The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.