The Peak Daily

Get your metal straws and tote bags ready, because the age of single-use plastic items is coming to an end in Canada as the federal government rolls out its long-anticipated plan to ban disposable plastic items like bags, cutlery, and containers. Canadian summer camps are struggling to find enough camp counsellors to meet the end-of-school-year rush. Running low on natural gas imported from Russia, European countries are turning to coal in a bid to lower energy prices and avoid shortages. The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

JOIN US AT OUR PEAK DEBATE ON JUNE 27th IN TORONTO: https://readthepeak.com/debates/billionaires-media-democracy While we’re still reeling from Tim Hortons’ app scandal, unsure if we can ever trust a mobile fast food ordering platform again, the federal government has introduced new laws to crack down on the sort of privacy invasions and data mishandling that landed Tims in hot water. Canada’s rental housing market is at it again, and by “it” we mean getting much more expensive, and fast— since last year average rents nationwide have spiked by more than 10% to $1,888 per month FIFA announced that Toronto and Vancouver have been chosen as host cities for the 2026 World Cup in North America, a privilege that could give local economies a big boost. The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

A new government report on money laundering in BC revealed that billions of dollars of criminal funds have flowed through casinos, real estate and luxury goods every year As the government attempts to very quickly pass laws that force digital streamers to follow Canadian content rules, the Senate has made it clear they’re going to take their sweet time reviewing them. Twitter employees got their first taste of what life might be like once Elon Musk is in charge, as the platform’s prospective new owner joined a staff all-hands meeting yesterday. The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

Following a 0.75 percentage point interest rate rise from the US Federal Reserve yesterday (its largest since 1994), Bay street is now putting the probability of an identical hike coming out of the Bank of Canada’s July decision at 80% Streaming platform Apple TV+ reaches a ten-year, US$2.5 billion deal with Major League Soccer (MLS) to become the exclusive home of all matches. Unions are leveraging Canada’s record-low unemployment numbers and unprecedented job vacancies to negotiate higher wages (while they can). The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

We break down why gas prices across the country have hit record highs. With over four in five businesses impacted by cyberattacks staying quiet last year, the federal government has introduced a new security bill complete with a new set of reporting requirements for the telecoms, finance, energy, and transport sectors. Canada is shutting down the national COVID contact tracing app we love to hate after changes to PCR testing regulations rendered it largely useless. The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

The TSX re-enters correction territory and S&P falls into bear market as recession fears intensify with rising inflation. Layoffs and hiring freezes in the US tech sector are creeping into Canada, with some prominent industry figures worried that tech could lose more jobs than during the 2008 financial crisis. Big oil companies are fleeing Alberta’s oil sands as the industry becomes a villain of the environmental, social and governance investing movement, per Bloomberg. The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

BoC Governor Tiff Macklem now says rates may need to move above 3% to tame inflation, putting a rarely seen 0.75% hike on the table for the Bank’s next meeting in July. The United States may have finally dropped its COVID testing requirements for international travellers, but a combo of flight cancellations, airport backlogs, and labour disputes around the world are likely to make summer travel more painful than usual. In its never-ending quest to be the home of all things people use their ears to consume, Spotify is now making a push into the audiobooks space. The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

Researchers at some of Canada’s top universities will continue to partner with Huawei even after the federal government banned the telecoms giant from the country’s 5G networks. In its annual Financial System Review, the Bank of Canada warned that high levels of household debt and record-high home prices are the top vulnerabilities that could lead to big problems for the country’s financial system*.* The world is running low on semiconductor chips and the most advanced chip manufacturers say they could see shortages running into 2024. The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

Politicians in Canada and all over the world are jumping on the idea of seizing Russian assets to help rebuild Ukraine, despite a number of practical and legal hurdles. Soon you’ll be able to use your Scene card to save on more than just cinema popcorn, as Sobeys’ parent company Empire drops Air Miles to unlock better insights into customer data. Some of the most recognizable names from the PGA Tour will be missing from this weekend’s Canadian Open, as the Saudi-backed LIV Golf Invitational Series makes its debut in London. The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

The price of lumber has bucked the inflation trend by plummeting more than 50% from recent peaks, as people adjust their spending priorities for a post-pandemic lifestyle. From fish-and-chip shops to big corporations, more than 3,300 workers across 70 companies in the UK will work 80% of their hours for 100% of their pay as part of the world’s largest four-day workweek pilot Shopify shareholders have voted in favour of giving CEO Tobi Lutke a special “founder share” that entrenches his control of the company