The Peak Daily

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.

European economists and business leaders are growing increasingly worried that economic slowdowns in the region’s leading economies could send the eurozone into a difficult recession.After garnering flack earlier this year for trying too hard to be TikTok, Instagram has now set its sights on wanting to be exactly like BeReal, another popular app amongst the Gen Zs.Yesterday, Canada inked a deal to supply green hydrogen fuel to Germany. Sounds great for everyone, right? But what exactly is hydrogen fuel? We break it down.The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

Germany’s chancellor Olaf Scholz has touched down in Canada and is ready to make an energy deal that absolutely does not include Russia.Because arts graduates didn’t have it hard enough already, a proposed merger between publishers may spell trouble for up-and-coming Canadian authors.The UK will deem vehicle manufacturers responsible for the vehicle’s actions while driving, meaning the human co-driver will be free from liability in a crash.The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

Just five months after activist investor Ryan Cohen took on a ~10% position in Bed Bath & Beyond (BBBY), his sudden exit has sent shares spiralling by ~40%.Canada’s top financial regulator has introduced its first-ever framework to **limit the exposure of federally regulated financial institutions, like banks and insurers, to crypto assets (nice!).Starting next year, Lloyd’s of London insurers (which includes Lloyd’s Canada) will no longer offer coverage for state-backed cyberattacks in their policies.The demand for natural gas has soared this year, but producers in Alberta have been unable to capitalize on higher prices (and are seeing billions lost in revenue).The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

The demand for natural gas has soared this year, but producers in Alberta have been unable to capitalize on higher prices (and are seeing billions lost in revenue).Hundreds of thousands of homeowners across 100 cities are banding together and refusing to repay loans on unfinished apartmentsAfter a high ride throughout the pandemic, venture capital (VC) funding for Canadian companies has finally come down to Earth.The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.