The Peak Daily

By The Peak / CuriouscastNews Business News

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The Peak Daily episodes

June 16, 2022 Streaming soccer ⚽️ — It’s looking like a 75 basis point rate hike in Canada. MLS is coming to Apple TV+. And unions are negotiating higher wages.
Following a 0.75 percentage point interest rate rise from the US Federal Reserve yesterday (its largest since 1994), Bay street is now putting the probability of an identical hike coming out of the Bank of Canada’s July decision at 80%
Streaming platform Apple TV+ reaches a ten-year, US$2.5 billion deal with Major League Soccer (MLS) to become the exclusive home of all matches.
Unions are leveraging Canada’s record-low unemployment numbers and unprecedented job vacancies to negotiate higher wages (while they can).
The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.
9 min
June 15, 2022 Get cybersecure 🔒 — What’s up with gas prices. There’s new cybersecurity legislation. And the COVID app is gone!
We break down why gas prices across the country have hit record highs.
With over four in five businesses impacted by cyberattacks staying quiet last year, the federal government has introduced a new security bill complete with a new set of reporting requirements for the telecoms, finance, energy, and transport sectors.
Canada is shutting down the national COVID contact tracing app we love to hate after changes to PCR testing regulations rendered it largely useless.
The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.
11 min
June 14, 2022 Bad day 📉 — A really rough day on the markets. Hiring freezes could creep up in Canada. And big companies are leaving Alberta’s oil sands.
The TSX re-enters correction territory and S&P falls into bear market as recession fears intensify with rising inflation.
Layoffs and hiring freezes in the US tech sector are creeping into Canada, with some prominent industry figures worried that tech could lose more jobs than during the 2008 financial crisis.
Big oil companies are fleeing Alberta’s oil sands as the industry becomes a villain of the environmental, social and governance investing movement, per Bloomberg.
The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.
11 min
June 13, 2022 End of testing 🧪 — The Bank of Canada may get more aggressive on internet rates. The US is ending COVID testing for travellers. And Spotify is moving into audiobooks.
BoC Governor Tiff Macklem now says rates may need to move above 3% to tame inflation, putting a rarely seen 0.75% hike on the table for the Bank’s next meeting in July.
The United States may have finally dropped its COVID testing requirements for international travellers, but a combo of flight cancellations, airport backlogs, and labour disputes around the world are likely to make summer travel more painful than usual.
In its never-ending quest to be the home of all things people use their ears to consume, Spotify is now making a push into the audiobooks space.
The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.
8 min
June 10, 2022 Chip shortage 💻 — Huawei is still working with Canadian universities. The Bank of Canada is worried about household debt. The world is running low on semiconductors.
Researchers at some of Canada’s top universities will continue to partner with Huawei even after the federal government banned the telecoms giant from the country’s 5G networks.
In its annual Financial System Review, the Bank of Canada warned that high levels of household debt and record-high home prices are the top vulnerabilities that could lead to big problems for the country’s financial system*.*
The world is running low on semiconductor chips and the most advanced chip manufacturers say they could see shortages running into 2024.
The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.
9 min
June 09, 2022 Seized assets 🥷 — Canada is looking to seize Russian assets. Sobeys is switching to Scene. And the LIV Tour is attracting some big names in golf.
Politicians in Canada and all over the world are jumping on the idea of seizing Russian assets to help rebuild Ukraine, despite a number of practical and legal hurdles.
Soon you’ll be able to use your Scene card to save on more than just cinema popcorn, as Sobeys’ parent company Empire drops Air Miles to unlock better insights into customer data.
Some of the most recognizable names from the PGA Tour will be missing from this weekend’s Canadian Open, as the Saudi-backed LIV Golf Invitational Series makes its debut in London.
The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.
11 min
June 08, 2022Timber 🪵— Lumber is getting cheaper. Britain is doing a four day workweek experiment. And Shopify has a new share structure.
The price of lumber has bucked the inflation trend by plummeting more than 50% from recent peaks, as people adjust their spending priorities for a post-pandemic lifestyle.
From fish-and-chip shops to big corporations, more than 3,300 workers across 70 companies in the UK will work 80% of their hours for 100% of their pay as part of the world’s largest four-day workweek pilot
Shopify shareholders have voted in favour of giving CEO Tobi Lutke a special “founder share” that entrenches his control of the company
10 min
June 07, 2022 Regulated 🏠 — Governments are cracking down on Airbnb. Elon is trying to get out of buying Twitter. New Apple products.
Municipal governments across the country, including Winnipeg, Ottawa and Charlottetown are enforcing new regulations to get a grip on the booming short-term rental market, ahead of the busiest summer travel season in years.
Elon Musk threatened to walk away from buying Twitter in a letter that accuses the company of not complying with his request for data on the number of spam and fake accounts on the social media platform
Day One of Apple’s World Wide Developer’s Conference kicked off yesterday with an updated iOS, a buy-now-pay-later service, and two new Macbooks capturing the most attention.
The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.
9 min
June 06, 2022 Super bad 👎 — Dairy farmers are worried. Elon Musk feels super bad about the economy. And Canada’s productivity is suffering.
Amidst rampant inflation and supply-chain disruptions, Canadian dairy farmers feel squeezed to get their products onto grocery store shelves.
Billionaire CEO Elon Musk is feeling "super bad" about the economy and will move to pause hiring and cut ~10% of his Tesla workforce, he said in an email to executives on Thursday.
Canada’s got a bigger productivity problem on its hands that threatens to drag down both business profits and wages.
The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.
10 min
June 03, 2022 Cancer killer 🧪 — Montreal-based Repare Therapeutics has a new deal for their cancer drug. Canadian investors aren’t happy with disclosure from their green investments. And Canadians are losing their buying power.
Montreal-based Repare Therapeutics has entered a deal (potentially worth US$1.2 billion) with pharma giant F Hoffman La Roche to create a new drug to treat cancerous tumours.
Almost half of Canada’s asset managers, researchers and lenders are “not very satisfied” or “totally dissatisfied” with available company data for so-called “green” investments,
One estimate suggests that inflation has offset two-thirds of the buying power of Canadians after the pandemic
The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.
9 min

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