The Peak Daily

A Housing Affordability Task Force convened by the Ontario government says 1.5 million new homes must be built in the province over the next 10 years in order to make housing affordable again. Toronto’s Financial District is starting to look less like a ghost town as some Bay Street bankers start heading back to the office this week. There’s a thriving economy out there for maple syrup — and New Brunswick producers want a bigger piece of it. ** 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.

Spotify is deleting over 70 episodes of the Joe Rogan Experience as Toronto-based Rumble offers Rogan $100 million to join their platform. “The Matrix Resurrections” studio Warner Bros. could use some of Neo’s bullet-dodging skills about now as it faces a lawsuit over the decision to release the movie simultaneously on streaming platforms and in theatres. Big changes to Canada Post could be coming as Minister Filomena Tassi releases the results of a poll among Canadians on their opinions on certain changes to postal services, potentially gauging ways to cut down on costs. 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.

Hopper, the Montreal-based travel app, is flying high after selling $44.6 million worth of equity to Brookfield Asset Management this week. Canada’s job market is struggling, new job numbers show that the economy shed 200,000 jobs in January, well above analyst forecasts of 110,000 losses. IBM plans to launch its first Canada-based quantum computer in Quebec, in partnership with the provincial government, 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.

Housing prices could drop up to 20% in some of the most over-heated Canadians markets, according to one of the country’s top banking regulators. Facebook’s parent company Meta’s stock collapsed by as much as 26% yesterday morning —wiping out over US$200 billion from its market cap — after the tech giant forecasted weaker revenue growth this quarter. The Saudi Arabian-backed Super Golf League (SGL) is trying (again) to court the world’s top 100 golfers, according to US golfer Phil Mickelson — who is ranked 38th on the PGA Tour 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.

Vancouver-based TerraZero Technologies has processed one of the first-ever metaverse mortgages, facilitating the transaction for a new landowner in Decentraland, a virtual world. Self-driving car company Cruise is gearing up to launch a fully self-driving robotaxi service to the public in San Francisco. Alphabet is reducing the price of its shares to make investing in the company more accessible. The move is called a “stock split” and in this case, will increase the company’s shares by a multiple of 20. 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.

Show Notes: Talk about a strong start to the Year of the Tiger: three Canadian tech companies have announced a combined ~CA$511 million in funding yesterday, a sum that amounts to around a fifth of what Canadian companies raised in all of Q1 2021. The internet is divided–again–only this time, it’s surrounding The New York Times’ (NYT) decision to buy Wordle, the new and wildly popular online puzzle game that has captured the hearts and minds of users around the world. The US plans to reduce tariffs on most Canadian softwood lumber producers in a move that might offer some relief to the lumber dispute between Canada and the US that’s been dragging out for over three decades…talk about holding a grudge. 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.

Blackberry is selling tens of thousands of patents for US$600M to a single company to turn its focus towards its core business: cybersecurity and software used by automakers—yeah, it’s been a while since they’ve made money from smartphones. A new Canadian Airline called Lynx Air has emerged, as new competition between low-cost airlines and its larger counterparts—Air Canada and WestJet—heats up. Consumer brands like Walmart and Procter & Gamble (P&G) are jumping on the metaverse bandwagon, even though the concept is still fuzzy for many people. 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.

Wireless plans in Canada are (finally) getting cheaper—or are they? A new federal government report shows progress on price cuts but the full picture is a bit more complicated. Apple reported its best quarter ever—partly because they have a supply chain advantage. Facebook has found a new way to make money from your face according to new patents filed by the company. 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.

Uber has struck a deal with Canada’s largest services sector union to represent the ride-hailing company’s Canadian 100,000 drivers and delivery workers. Canadian high-end car, plane and boat makers are bracing for cancelled orders under the Liberal government’s luxury tax, per The Globe and Mail. Apple will soon roll out a feature that turns iPhones into payment terminals, eliminating the need for extra hardware, per Bloomberg. 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.

Canadian National (CN) Railway named a new CEO after an activist investor waged a months-long campaign for the railroad to juice up its financial and stock performance. The latest company to enter the war between fintechs, startups, and tech giants for talent? Big banks. You know you're doing something right (or horribly wrong) when the Federal Trade Commission (FTC) starts paying attention as the FTC fines fast Fashion behemoth Fashion Nova for suppressing specific reviews. 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.