The Peak Daily

Toronto-based video site Rumble, which bills itself as a free speech alternative to sites like YouTube, went public after a successful SPAC merger valuing the company at US$2 billion.While Ukraine’s war efforts have garnered positive results in recent weeks, its economic prospects are looking increasingly bleak as it continues to seek outside help.Porsche, owned by Volkswagen Group, will debut on the Frankfurt Stock Exchange later this month, selling ~25% of its shares with hopes of fetching a valuation of US$75 billion.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.

If you’ve been on the internet this week, there’s a good chance you already know that the Michelin guide awarded its first Canadian stars to 13 restaurants.Offices are back up and running, but employers are having trouble actually filling them with employees… who remain perfectly fine at home thank you very much.Uber confirmed its internal systems suffered a breach perpetrated by someone alleging to be an 18-year-old.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.

Patagonia founder Yvon Chouinard, along with his family, gave away control of the ~US$3 billion company to a trust and a nonprofit organization tackling environmental issues.Adobe agreed to buy design software company Figma for US$20 billion in what will be the largest acquisition ever of a private software company if it gets approved.Walmart has launched its Be Your Own Model tool, which uses a user’s full-body photo to simulate the dressing room experience with Walmart fashion finds.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.

Ethereum, a blockchain platform supporting over 50% of the total value of the decentralized finance industry, is shifting to a less energy-intensive way of validating transactions.Shopify restaffed most of its leadership team during the pandemic, and now the top brass of what was once Canada’s most valuable company isn’t looking very Canadian.European energy executives are doing a little too well these days.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.

Join 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-2022As we await the start of Twitter v. Elon Musk (October 17 if you want to mark your calendar) the final pieces are falling into place for the tech trial of the century.The federal government gave small businesses $49 billion in pandemic loans but forgot one crucial part of doling out tonnes of cash: A plan to get it back.Higher-than-expected US inflation numbers have cleared the runway for the Federal Reserve to deliver another big rate hike—a realization that has sent markets into shock.The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

In 2021, 50 million people across the globe were in some form of modern slavery, including 28 million working under forced labour conditions, per a new UN report.If you’re kicking yourself over a bad stock pick recently, we’re here to tell you that even the safest investments are losing money this year. That’s right, a key index tracking global bonds has dropped 16.8% since January.Climate Proof, a coalition led by the Insurance Bureau of Canada, published an open letter calling the federal government’s new climate goals ‘‘vague and distant”.The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

Canada’s unemployment rate is up for the first time in seven months, which means that high interest rates have (done what they do best and) thrown cold water on the red hot labour market.The US Justice Department (DOJ) is accusing Google of paying companies billions each year to remain the default search engine on browsers, illegally.Office of the Superintendent of Financial Institutions (OSFI), which oversees federal mortgage rules, confirmed it will not loosen its borrowing requirements, per Bloomberg.The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

The federal government announced a new three-pronged plan to introduce temporary relief measures aimed at helping low-income Canadians beat back inflation pains.Speaking of the wealthy doing more than their fair share of spending, the superyacht rental business is booming as the well-to-do want to hit the high seas in luxury and comfort.Corporate swag bags may soon become an ancient relic of the past, disappearing with memories of money flowing freely through corporate America’s expense accounts.The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

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.