The Peak Daily
The Peak / Curiouscast
Fast Canadian business news. Get up-to-speed quick with a fun and smart breakdown of the three biggest Canadian and global business stories in less than 10 minutes.
Episodes
Mentioned books
Nov 9, 2021 • 8min
Bolt ⚡️ — Ikea makes a big bet on Toronto-based Bolt. Elon plans to sell a bunch of his Tesla stock. And Helion Energy is trying to make electricity free.
IKEA invested $115 million in Toronto-based Bolt. Elon Musk held a Twitter poll on whether he should sell $20 billion in Tesla stock. Helion Energy raised US-$2.2 billion to commercialize its fusion energy technology.Celebrating something? Let us know for a shoutout here: https://thepeak.typeform.com/to/GuHjLDoaThe Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.
Nov 8, 2021 • 7min
Empire strikes back 👑 — A BC Supreme Court judge rules in favour of Ed Rogers. Pfizer's COVID pill is found to be super-effective. And Tesla's opening a plant in Canada.
A BC Supreme Court judge ruled that Edward Rogers can replace five of the independent directors of Rogers, which gives Ed, the son of founder Ted Rogers, full control of the company. Pfizer announced that its pill to treat COVID-19 had been found in clinic trials to be highly effective.Tesla is opening a battery equipment plant in Ontario, its first Canadian site.Celebrating something? Let us know for a shoutout here: https://thepeak.typeform.com/to/GuHjLDoaThe Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.
Nov 5, 2021 • 8min
GFANZ 🌎 — A global alliance of financial institutions to fight climate change. Lightspeed is slowing down. And Mark McEwan's restructuring plan was denied.
Former central banker Mark Carney has built an alliance of 450 companies who pledge to focus their investments on achieving net zero carbon emissions. Montreal-based tech darling Lightspeed POS is struggling as its stock tanks 30% after the company released a poor revenue forecast. And a judge has denied Canadian celebrity-chef Mark McEwan’s restructuring plans for his restaurant, grocery and events businessCelebrating something? Let us know for a shoutout here: https://thepeak.typeform.com/to/GuHjLDoaThe Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.
Nov 4, 2021 • 8min
Floating 💸 — Float raises a huge round. Compass picks Ontario for its newest mine. And Maine denied Quebec their power lines.
Toronto-based Float raised $37 million from investors, including Tiger Global. Crypto mining company Compass is opening a new mining operation in Ontario. Voters in Maine have rejected a proposal for a new power corridor which would carry Quebec hydroelectricity to New England.Celebrating something? Let us know for a shoutout here: https://thepeak.typeform.com/to/GuHjLDoaThe Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.
Nov 3, 2021 • 7min
So long Ecobee 🌡 — Ecobee gets bought. Buyers bid over Canadian lithium. And Bell wants to kill the Rogers/Shaw merger.
Generac buys Toronto-based Ecobee for $770 million after the company struggled to compete with Google and Amazon. Two companies are vying for a potential acquisition of Vancouver-based Millennial Lithium Corp. And consumer groups and Bell are urging Canada's telecom regulator to hold off on an upcoming hearing of the Rogers-Shaw merger.Celebrating something? Let us know for a shoutout here: https://thepeak.typeform.com/to/GuHjLDoaThe Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.
Nov 2, 2021 • 7min
See you in court 👩⚖️ — The Rogers family is taking each other to court. Digital Currency Group raises $700m. And Rogers and Videotron are fighting.
The Rogers family feud is going to the BC Supreme Court as Ed Rogers fights for control. Digital Currency Group raises $700m to become the 'Standard Oil of Crypto'. And Rogers and Videotron are suing each other over breach of contract.Celebrating something? Let us know for a shoutout here: https://thepeak.typeform.com/to/GuHjLDoaThe Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.
Nov 1, 2021 • 7min
Dairy fairy 🥛 — The G20 held a meeting over pandemic and climate initiatives. The CDC (no, not that one) says the cost of dairy products will go up. And Microsoft has now beat Apple as the most valuable company in the world.
The G20 met in Rome to discuss pandemic relief and initiatives to fight climate change. The Canadian Dairy Commission recommends that regulators raise dairy rates to account for higher costs on raw materials. And a bad earnings quarter has lost Apple their title as the world's most valuable company.Celebrating something? Let us know for a shoutout here: https://thepeak.typeform.com/to/GuHjLDoaThe Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.
Oct 29, 2021 • 7min
Meta 🌎 — Shopify missed earnings expectations. Hootsuite's thinking of going public. And Facebook is now Meta.
Shopify missed earnings expectations after a record year. Vancouver's Hootsuite is considering raising $200 million to go public. And Facebook changes their name to Meta to reflect their pivot to a metaverse company.Celebrating something? Let us know for a shoutout here: https://thepeak.typeform.com/to/GuHjLDoaThe Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.
Oct 28, 2021 • 6min
Stimulus stymied 💸 — Bank of Canada ends their stimulus program. Fellow raises a huge round. And UofT divests from fossil fuels.
The Bank of Canada announced that they'll be ending their stimulus program and quantitative easing. Ottawa-based Fellow raises $24 million for their meetings SaaS tool. And the University of Toronto announces that their endowment is divesting from fossil fuel investments.Celebrating something? Let us know for a shoutout here: https://thepeak.typeform.com/to/GuHjLDoaThe Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.
Oct 27, 2021 • 7min
Bread basket 🧺 — Tim Hortons sales reveal a suburban/urban divide. GM is building 40,000 charging stations in the US and Canada. And George Weston sold their bread division for $1.2 billion.
Tim Hortons latest earnings report shows a drop off of sales in downtown cores while a surge in demand in suburban and rural areas as Canadians continue to work from home. GM is building up 40,000 charging stations in the US and Canada to better compete with Tesla. And George Weston is selling their bread business to FGF Brands for $1.2 billion, marking the end of a bread era.Celebrating something? Let us know for a shoutout here: https://thepeak.typeform.com/to/GuHjLDoaThe Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.
