The Peak Daily

Temperatures in Britain hit 40 degrees for the first time in recorded history and wildfires continued to sweep through Southern Europe, showing the huge economic toll climate change can take.On the heels of its first drop in global subscribers in more than a decade, Netflix is expected to lose over a million captive eyeballs—the largest quarterly loss in its history.Canada took the next step in filling in a major blank in its climate plan: How the oil and gas industry is supposed to reduce emissions by 42% by 2030.The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

Small business groups are calling on the federal government to change the tax system in order to crack down on multinational companies that are not paying their fair Canadian tax share, in response to some of Amazon’s tactics for tax avoidance coming to light.As Russia continues to squeeze Europe’s energy supplies (as revenge for siding with Ukraine in the ongoing war), the European Commission is making a plan to cut consumption.After posting its highest growth numbers for a half since 2010, USD shows no signs of slowing with experts telling The Wall Street Journal it will continue to go up and away for the foreseeable future as global insecurity drives investors to what they see as the safest and stablest currency.The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

Travel insurers are seeing jumbo-jet-sized losses thanks to an onslaught of claims from Canadian travellers experiencing flight delays and cancellations. The Bank of Canada (BoC) kind of underestimated just how bad inflation was getting—and is now playing catch-up as it serves up a series of jumbo rate hikes. Long hospital wait times may be the bain of Canada’s health care system, but they’re not unconstitutional according to yesterday’s BC Court of Appeal ruling. The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

It’s EVWeek in Canada and to celebrate the government announced funding announcements for ~950 new electric vehicle (EV) charging stations. Amazon wants to make a deal with EU regulators: The company will limit its use of marketplace seller data and make changes to ‘Buy Box’ rankings, in exchange for a truce (and avoiding a fine worth up to 10% of its global revenue). Anyone else finally feeling ready for live events again… only to realize your bank account is not*?* We have the surging price of concert tickets to thank. The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

If cheese and milk regularly appear on your grocery list, get ready for higher even bigger bills at the checkout this fall.  as two Canadian food suppliers notified grocery stores their dairy products are going to cost more. Statistics Canada just dropped the latest census data so we thought we’d dig a bit deeper into some of the income data and why it matters to you—and trust me, we’ll make it fun! TikTok, the app you were probably scrolling through before you started listening to this, announced the roll-out of two new systems that aim to combat a persistent problem on the platform: Inappropriate content. The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

As we navigate the Post Rogers Blackout Era (PRBE), the federal government has stepped up to make sure future service shutdowns aren’t so apocalyptic. Big private equity firms are drilling for value and finding Canadian dental clinics. At 10:00 AM (ET) the Bank of Canada will kick things off with its decision on the overnight interest rate target. The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

There’s a new content creator on the TikTok block: Energy companies. Ever wonder where all the nasty stuff that accumulates on cruise ships ends up? Turns out a lot of goes right into the beautiful waters just off the BC coast, according to a new report examining the cruise industry’s environmental impact. The latest victim of crashing tech valuations: Buy now, pay later, or BNPL firms. The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

~12 million Canadians were affected by Friday’s Rogers network outage and they piled into their neighbourhood Starbucks to wrap up work for the week. Ireland’s Data Protection Commission is moving forward with a decade-old data transfers complaint against Meta this week, by forwarding a decision to other agencies for review that would crack down on the company’s ability to transfer its data from the EU to the US. Musk’s bid to buy Twitter is now in “serious jeopardy,” according to a report by *The Washington Post—*at least if the billionaire has his way. The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

Canada’s construction sector is facing a serious labour crunch that’s causing companies to turn down or cancel projects and threatening the long-term prospects of the entire industry. In a sign that Russia is hunkering down for a long fight in Ukraine, the government is shifting the economy to a wartime footing. Amazon is betting big on Amazon Live, a livestream shopping feature where influencers can sell products directly to the viewing audience and pocket commissions ranging from 2% to 20% depending on the product The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

Home prices around the globe (including in Australia, New Zealand, the US and UK) are on the verge of decline, according to Capital Economics, a research group. In the case of international trade, longtime pals Canada and New Zealand are bickering over new Canadian dairy policies that are hampering New Zealand’s export ambitions. Twitter is taking on the world’s largest democracy and suing the Indian government after it was forced to remove content and block dozens of accounts from its platform under India’s internet laws. The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.