The Peak Daily

Canada’s unemployment rate is up for the first time in seven months, which means that high interest rates have (done what they do best and) thrown cold water on the red hot labour market.

The US Justice Department (DOJ) is accusing Google of paying companies billions each year to remain the default search engine on browsers, illegally.

Office of the Superintendent of Financial Institutions (OSFI), which oversees federal mortgage rules, confirmed it will not loosen its borrowing requirements, per Bloomberg.

The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

The federal government announced a new three-pronged plan to introduce temporary relief measures aimed at helping low-income Canadians beat back inflation pains.

Speaking of the wealthy doing more than their fair share of spending, the superyacht rental business is booming as the well-to-do want to hit the high seas in luxury and comfort.

Corporate swag bags may soon become an ancient relic of the past, disappearing with memories of money flowing freely through corporate America’s expense accounts.

The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

As expected, the BoC delivered another oversized rate hike, bumping the overnight interest rates up to 3.25% from 2.50% (or 75 basis points, if you’re fancy like that).

Apple held its latest product launch event, dubbed Far Out, yesterday, announcing a range of new goodies including the iPhone 14 and the Apple Watch Ultra.

Freaked-out investors are pouring money into the US while pulling out of international stocks at a rate not seen since a 22-week run of outflows in 2019, per the WSJ.

The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

Record-high natural gas prices are climbing higher, sending inflation soaring across the region. According to the European Commission (EC), fixing prices could be an answer.

Despite a year full of big electric vehicle (EV) announcements, Canada has fallen further behind its global peers in the race to electrify the roadways.

Canada is the worst-performing G7 nation for reducing corporate sector carbon emissions, per a new study from CDP and Oliver Wyman.

The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

G7 nations have agreed to impose a cap on the price of Russian oil imports, despite Russian threats to cut off cold turkey any country that tries to mess with its energy business.

The pumpkin spice latte isn’t the only hot arrival at Starbucks this fall. The company is bringing in a new CEO to oversee grand ambitions to modernize its espresso-slinging business.

If you’re planning to buy an iPad any time soon, you may want to act fast. The Chinese manufacturing hub of Chengdu (where most of Apple’s tablets are made) is locking down to contain a COVID outbreak, threatening to disrupt supply chains around the world.

The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

The US is blocking chipmaker Nvidia from selling some of its advanced products to China, according to the company’s latest filing with the Securities and Exchange Commission.

Disney is exploring the creation of an Amazon Prime-like membership, per The Wall Street Journal.

A new study from environmental advocacy group Environmental Defence that tested items from Canadian dollar stores found that 25% of them included toxic chemicals like lead, cadmium, and antimony.

The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

After a solid two-year run, the Canadian economy might be finally slowing down, growing at an annualzed rate of 3.3% in the second quarter (missing the Bank of Canada’s 4% forecast).

In its first three months of operation, iGaming Ontario (IGO) reported over $4 billion in cash wagers placed resulting in net revenue of $162 million split between operators, gaming sites, and the province.

Donald Trump’s free-speech-centric Twitter alternative Truth Social has run into financial, legal, and technical issues, which honestly, is about what we expected.

The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

BlackBerry’s deal to sell 37,175 of its patents fell apart after the buyer landed US$90M short of the $600M agreed-upon payment, per The Globe and Mail.

Canadian housing prices will fall between 20-25% from recent all-time highs by the end of 2023’s first quarter, according to a new report from TD Bank.

The world’s richest man is citing a recent whistleblower report filed by Twitter’s former head of security Peiter Zatko as another reason why he should be let out of his US$44 billion deal to buy the bird app.

The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

As California experiences its worst drought in 1200 years (no, somehow that’s not a typo), two of North America's largest fruit sellers are looking to Canada to grow their berries.

The European Commission confirmed that it’s working on an ‘emergency intervention’ to the continent’s electricity market as prices surge

Forget heavy courseloads and unrequited crushes, Canadian post-secondary students have a bigger problem as they head back to school this year: Finding somewhere to live.

The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

As streamers continue to navigate a difficult year, Amazon has come up with one simple trick to turn things around: Produce and release the most expensive show of all time.

Moderna is suing Pfizer and BioNTech in the US and Germany (where BioNTech is based), claiming that the companies’ COVID shot infringes on patents for key elements of its messenger RNA technology that made its ‘Spikevax’ shot possible.

As Canadian regulators start to crack down on crypto companies, the world’s largest cryptocurrency exchange is also facing a $1 billion class-action lawsuit in Toronto.

The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.