The Peak Daily

Embattled British PM Liz Truss made (another) U-turn yesterday, firing her top finance official, Kwasi Kwarteng, and reversing plans to slash corporate taxes.Weather forecasts have always been unreliable (the atmosphere is changing constantly), but as the weather becomes even more unpredictable, sports leagues, airlines, and even militaries are turning to private forecasters.If you’re looking to move up the ranks at your company, you might just want to find a new one, according to a new study that found what you do isn’t as important as who you do it for.Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TOJoin us for a live recording of The Peak Daily at the Bet on Canada Summit on November 8th. Buy tickets here: https://readthepeak.com/events/bet-on-canada-2022The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

US core inflation hit a four-decade high last month, which, to be clear, is the opposite of what Jerome Powell & Friends need to prove their plan to cool the economy and achieve a “soft landing” is working.Canada is famous for many things: Poutine, hockey, ketchup chips—and high, high prices. According to The National Post, Canadians are paying a serious premium for products, including mobile plans, grocery hauls, and some basic services.It’s already put a dent in Meta’s advertising business, and now TikTok is preparing to take on a bunch of other Western tech giants with a push into music streaming and e-commerce.Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TOJoin us for a live recording of The Peak Daily at the Bet on Canada Summit on November 8th. Buy tickets here: https://readthepeak.com/events/bet-on-canada-2022The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

Canada-based Cameco and Brookfield Asset Management’s renewables division have buddied up to buy nuclear company Westinghouse Electric for US$7.9 billion amid a global frenzy to find climate-friendly alternatives to Russian energy, per The Wall Street Journal.Meta is betting that companies will pay $1,500 for the company’s new Quest Pro virtual reality headset, in its push to bring the metaverse to the corporateverse.Experts believe there are now tens of thousands of skilled immigrants waiting in limbo to get approved for permanent residence visas who may be forced to leave the country when their temporary work permits expire.Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TOJoin us for a live recording of The Peak Daily at the Bet on Canada Summit on November 8th. Buy tickets here: https://readthepeak.com/events/bet-on-canada-2022The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

Seven months into the Bank of Canada’s rate hike spree, some Canadians are already taking to their local parks to protest higher interest rates on their mortgages.Dream job alert: Get paid millions of tax-free dollars to help design a gleaming city of the future from the ground up. There’s only one catch: Your employer is the Kingdom of Saudi Arabia, and that city is Neom, the brainchild of Crown Prince Mohammed bin Salman.The world’s largest toy company is starting to play in the $1 trillion education business.Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TOJoin us for a live recording of The Peak Daily at the Bet on Canada Summit on November 8th. Buy tickets here: https://readthepeak.com/events/bet-on-canada-2022The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

Hockey Canada has officially lost every last one of its top-tier corporate sponsors after Nike suspended its 23-year partnership with the organizationHave you been spending time in the metaverse? No? That makes you, everyone else you know, and even Meta's own employees.Six years after the release of the Panama Papers, it’s not clear if the government has collected any tax-evasion-money hidden in Central American offshore accounts.Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TOJoin us for a live recording of The Peak Daily at the Bet on Canada Summit on November 8th. Buy tickets here: https://readthepeak.com/events/bet-on-canada-2022The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

Six companies, including the famous Boston Dynamics (BD), pledged not to weaponize or support the weaponization of their robots, and urged others to follow suit.A nurse, an accountant, and an engineer walk into a province. They all get jobs.That’s one of several cheeky ads, paid for by the government of Alberta, taking over Canada’s busiest transit stations lately. It’s all part of a $2.6M “Alberta is Calling” campaign, which aims to lure skilled workers to the province with affordable housing and high wages.The feds are going to take a long, hard look at Canada’s biggest grocers to see if they’ve been stocking lies and deception alongside meats and produce in their stores.Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TOJoin us for a live recording of The Peak Daily at the Bet on Canada Summit on November 8th. Buy tickets here: https://readthepeak.com/events/bet-on-canada-2022The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

Starting today, you might see a new surcharge on your receipt when you tap your plastic. Businesses in Canada are now allowed to pass credit card processing fees onto customers.OPEC+, the Middle Eastern energy cartel that accounts for 40% of the world’s oil supply, agreed to cut its collective output by 2 million barrels a day or roughly 2% of global output.Wannabe McKinsey consultants and Bay Street executives are starting to realize that in today’s red-hot labour market, an MBA might be nothing more than a nice-to-have.Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TOJoin us for a live recording of The Peak Daily at the Bet on Canada Summit on November 8th. Buy tickets here: https://readthepeak.com/events/bet-on-canada-2022The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

Phil Collins and Genesis no longer have publishing rights to their recordings. But they aren’t throwing it all away. They’re the most recent musicians to receive a hefty sum for them.HSBC has launched a review into its Canadian business that could end in a US$9B sale, as the bank faces pressure to ditch less profitable markets to focus on Asia and Europe.After all the bot disputes. The whistleblowing. The texts to Joe Rogan. The poop emoji. After all that drama… Elon Musk might actually end up buying Twitter. For realsies this time.Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TOJoin us for a live recording of The Peak Daily at the Bet on Canada Summit on November 8th. Buy tickets here: https://readthepeak.com/events/bet-on-canada-2022The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

Francois Legault will stay in power as Quebec’s premier as his centre-right nationalist CAQ party secured a majority government in a cakewalk.Credit Suisse saw a gauge of its credit risk rise to a record high while its stock hit record lows, raising doubts about its financial stability.From Nike, to Walmart, to Canadian Tire, retailers and brands have more merch than they know what to do with as inventories bulge while consumers cut down on their spending.Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TOJoin us for a live recording of The Peak Daily at the Bet on Canada Summit on November 8th. Buy tickets here: https://readthepeak.com/events/bet-on-canada-2022The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

Canada Post has expanded its MyMoney loan program in partnership with TD Bank to locations across Canada, offering loans between $1000 and $30,000, with approval in as little as 10 minutes.Text messages made public as part of Elon Musk’s court fight with Twitter (along with being highly entertaining) shed insight into his early motivations for buying the business and show how Silicon Valley heavyweights rallied to his cause.Meta—the parent company of Facebook, Instagram, and WhatsApp—plans to reduce its headcount and cut budgets across most teams.Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TOJoin us for a live recording of The Peak Daily at the Bet on Canada Summit on November 8th. Buy tickets here: https://readthepeak.com/events/bet-on-canada-2022The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.