The Peak Daily

Lululemon is launching two membership plans later this year in a bid to drive customer brand loyalty and help reach its ambitious goal of doubling sales to US$12.5 billion by 2026. Angus Reid **released a new survey that found 51% of Canadians favour abolishing the monarchy in Canada A Twitter Canada executive has reportedly likened the federal government’s plan to regulate the internet to the approach of authoritarian countries like North Korea and Iran, per The Globe and Mail. Celebrating something? Let us know for a shoutout here: https://thepeak.typeform.com/to/GuHjLDoa The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

Telsa CEO Elon Musk confirmed that, between his own considerable wealth and loans from banks led by Morgan Stanley, he has lined up the financing to buy Twitter, which is something you can do when you’re the richest person in the world As companies continue to raise prices to offset inflation, wage hikes and product shortages, sales numbers from Nestle and P&G (the world’s largest CPG companies by revenue) indicate that shoppers are still spending like it’s 2019 Last year Shopify said it was “arming the rebels” against Amazon, and now Amazon is striking back through a “Buy With Prime” service that will allow businesses to offer Prime shopping features—like free shipping and next-day delivery—for products sold through their own websites. Celebrating something? Let us know for a shoutout here: https://thepeak.typeform.com/to/GuHjLDoa The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

Rogers announced a double dose of good corporate news yesterday, posting a 7% quarterly year-over-year revenue increase for wireless services and confirming the company is on track to close its $26 billion acquisition of Shaw by the end of June. Florida Governor Ron DeSantis is urging lawmakers to terminate the self-governing privileges that Disney World holds in the state Inflation rose 6.7% from the prior year in March, a full percentage point higher than February’s 5.7% pace and the highest rate since the GST took effect in 1991 Celebrating something? Let us know for a shoutout here: https://thepeak.typeform.com/to/GuHjLDoa The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

The Canadian Real Estate Association and the Toronto and Vancouver real estate boards are gearing up to fight a proposed ban on ‘blind bidding’ for houses—which keeps potential homebuyers in the dark about the other bids on a property. Netflix has reported that its earnings dropped last quarter, but it’s hardly the only video streaming service struggling to attract new subscribers and some are even considering adding an advertising tier for the first time. Coachella the music festival (dubbed the SuperBowl of fashion) for the who’s who of influencing returned this past weekend, giving fashion brands a boost after two years of stay-at-home chic (sweatpants). Celebrating something? Let us know for a shoutout here: https://thepeak.typeform.com/to/GuHjLDoa The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

A new report from PitchBook found that venture capital investment in Canadian startups surpassed $13.6 billion in 2021, crushing the previous record of $5.8 billion in 2019—and the good times are rolling on, with investment set to match that pace this year. Here’s an obstacle Tesla may not have seen coming: a crackdown by US regulators on its self-driving technology that could make consumers think twice about the promise of autonomous vehicles and threaten the company’s sky-high valuation. Quebec became the first jurisdiction in the world to ban oil and gas extraction and exploration last week, with all current drill sites shutting down within the next three years. Celebrating something? Let us know for a shoutout here: https://thepeak.typeform.com/to/GuHjLDoa The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

The federal government is writing off $20 million paid to Ottawa-based Spartan Bioscience for COVID tests that didn’t work. OpenAI’s widely hyped DALL-E AI image generator can now edit pictures, too. Zoom, the omnipresent conference call platform is venturing into sales automation software (SAS), a space that could grow to a $7.3 billion industry by 2028. Celebrating something? Let us know for a shoutout here: https://thepeak.typeform.com/to/GuHjLDoa The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

Last month, Ontario became the first province to create a law that protects everyday investors from unqualified financial professionals, per The Globe and Mail. “All that and a bag of chips” isn't the compliment it once was, as bags of chips contain fewer salty morsels than ever thanks to “shrinkflation.” The Bank of Canada (BoC) is set to hike interest rates further today, with experts agreeing it will likely be the first “oversized” hike in over two decades—going up half a percentage point instead of the typical quarter percentage point. Celebrating something? Let us know for a shoutout here: https://thepeak.typeform.com/to/GuHjLDoa The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

As Etsy tries to graduate from niche online marketplace status to the e-commerce big leagues, a public battle over fee increases is heating up between the company and its sellers. Two Canadian employees for GlobeNewswire are under investigation by the Ontario Securities Commission for allegedly using their access to unpublished corporate press releases to carry out advantageous trades. Canada is the world’s largest lobster exporter, shipping out a whopping 86% of the world’s supply and making a record $3.26 billion from these exports last year. This number could be even bigger in 2022 with lobster prices currently nearing an all-time high as global demand soars. Celebrating something? Let us know for a shoutout here: https://thepeak.typeform.com/to/GuHjLDoa The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

According to The Logic, Goodfood let go of 70 employees this week (the third round of cuts affecting a quarter of its workforce since last year) and has announced it’s closing its Ontario distribution centre. Following Robinhood, Snap, Roku and Uber, Shopify has moved to give employees more choice between cash and equity compensation in addition to their base salary. There’s a new kid on the motorcoach block—FlixBus, the world's largest-reaching bus provider, is rolling out three routes in Southern Ontario and more in Quebec and BC later this year. Celebrating something? Let us know for a shoutout here: https://thepeak.typeform.com/to/GuHjLDoa The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

Meta draws up plans to introduce virtual coins (dubbed ‘Zuck bucks’) and other financial services to diversify its ad-based revenue system. The federal transportation regulator has determined that Edmonton-based Flair Airlines may be in violation of the law that requires it to be controlled by Canadians. Minister Freedland’s budget commits to doubling the number of new homes that are built in the next decade and includes a range of new measures designed to make housing more affordable, but analysts are concerned that they’re not enough to make owning a home more accessible. Celebrating something? Let us know for a shoutout here: https://thepeak.typeform.com/to/GuHjLDoa The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.