The Peak Daily

The Canada Pension Plan Investment Board (CPPIB) saw its funds drop by 4.2% last quarter or roughly $16 billion—which sounds a lot worse than it actually is.

According to the International Energy Agency (IEA), Western sanctions have had a limited impact on Russia’s oil exports, which is also its biggest money maker.

The average price of a Canadian home is projected to fall by ~25% by the end of 2023 from all-time highs this past February, per a new report from Desjardins.

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

As a wave of economic uncertainty hits Big Tech, Microsoft is reining in the fun money.

Extreme heat and low rainfall are drying up Europe’s rivers which could lead to potentially catastrophic impacts on the US$80 billion river trade contributes to the EU’s economy.

And for our last story, La vita isn’t very dolce right now for Domino’s after the pizza chain failed to take off in the saucy dish’s birthplace.

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

Netflix is struggling to build its gaming business as less than 1% of their users interact with them on a daily basis

Just when you thought things couldn’t get any worse for Canada’s airlines and airports, the government has launched an investigation into the flight cancellations making headlines.

Android users know that there is no greater indignity than being the only green bubble in a friend group of iPhone users. Google is now stepping up to fight this injustice.

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

Japanese technology investor SoftBank reported a record loss of US$23 billion last quarter, after a spending spree that CEO Masayoshi Son described as delirious.

Baidu (China’s Google) is the country’s first company licensed to commercially offer fully driverless robotaxis without a human supervisor present through Apollo Go, its driverless ride-hailing platform.

Canadian hospital shutdowns that began in small jurisdictions have now spread to the biggest cities as the healthcare system deals with a devastating labour shortage.

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

Canada will ban the import of restricted handguns this month, part of a broader effort to curb gun violence after the country’s deadliest mass shooting in 2019, per The Washington Post.

A comprehensive free trade agreement with India would be a mega-win for the Canadian economy, according to a new study commissioned by business groups backing a deal.

Amazon is buying iRobot, the maker of the Roomba vacuum and other home robots, for US$1.7 billion.

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

Over 1000 miners in Nunavut could be out of a job come September after receiving termination notices warning that their mine might be forced to shut down as it nears its yearly extraction limit.

Italy is close to clinching a ~$5 billion deal with US-based Intel to build an advanced semiconductor (chip) packaging and assembly plant in the country

Good news for people whose hands get super sweaty when they grip a steering wheel for too long: GM’s advanced driver-assist system (ADAS) will soon be available on more Canadian highways.

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

After an earnings report more disappointing than a bad date who didn’t even offer to split the bill, Tinder is making some changes and curtailing its metaverse ambitions.

If there’s anything we can learn from Nancy Pelosi’s jaunt to Taiwan–specifically, the criticism surrounding it–it’s that the world is pretty freaked out about China right now.

If you’re wondering how bad a movie has to be for a studio to not even bother releasing it ask a member of the test audience for “Batgirl” because you’re not going to get a chance to see it for yourself after Warner Brothers shelves it before it was even released.

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

For the first time in the company’s history, Uber reported positive cash flow in a quarter on the back of a record US$8.1 billion in revenue.

As last year’s lockdowns drove online spending to new heights, Amazon’s carbon emissions grew 18% from the year before, according to the company’s latest sustainability report.

Canadian National Railway is predicting a big rebound for Canadian grain shipments after an off-year and expects to move up to 27 million tonnes of grain for the current crop year—a ~48% year-over-year increase.

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

Tech companies may be struggling, but it’s a great time to be in a more old-school business: oil and gas companies are raking in record profits and earning windfalls for shareholders.

US antitrust regulators are suing to block Meta’s purchase of virtual reality startup Within, a move that could seriously hamper the company’s metaverse ambitions and have ripple effects across Big Tech.

The debate over we’re in a recession is heating up!

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

DeepMind is releasing an extended database with information for nearly every protein known to science, only eighteen months after introducing the AI behind it.

Global natural gas prices are on the rise this week after Russia cut gas flows to Europe in half.

The federal government wants to cut fertilizer emissions by 30% by 2030 per its latest climate plan, but farming critics believe that isn’t feasible without producing a lot less food.

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