The Peak Daily

The United Church of Canada has plans to create new rental apartments for 34,000 people over the next 15 years by revitalizing its properties to find new uses for old churches across the country

Restaurant Brands International (RBI) reported a net income of US$183 billion in Q1, much of it driven by Tim Hortons which boosted its year-over-year sales by nearly 13% and saw the largest earnings of any RBI restaurant.

Canada’s Pension Plan (CPPIB) has built stakes in several late-stage Indian startups, including a news app with over 350 million daily users

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

Turns out, the majority of mental health and prayer apps are pretty creepy—tracking, sharing, and capitalizing on users’ most intimate personal thoughts and feelings.

Canadian conglomerate Thompson Reuters is launching an independent assessment to align itself with the UN’s Guiding Principles on Business and Human Rights

Stellantis—the world’s sixth-largest automaker, with brands including Chrysler and Jeep—will announce a new $2.54 billion deal to revamp existing plants in Southern Ontario for the production of electric vehicles (EVs)

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

Social media and camera company Snap announced a mix of new platform features this week—some that bet on bringing augmented reality (AR) into daily life, and others that fly.

Tesla has recalled 48,000 vehicles in the US over concerns about speedometer displays, marking Tesla’s tenth recall campaign of the year.

French social media app BeReal is betting that social media users tired of filters and perfectly curated ‘lewks’ on apps like Instagram and TikTok feel the same way.

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

Meta’s stock surged yesterday after adding more users than expected but posted its slowest revenue growth since going public a decade ago

Canada has joined 55 other countries in signing a pledge to promote connectivity, democracy, and “the enjoyment of human rights and fundamental freedoms” on an internet that is open, reliable, and secure.

Block (formerly Square), the digital-payments company run by Dorsey, has expanded its small business loans program to Canada, available as of this week*.*

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

Spotify gained two million new paying subscribers over Q1 and its total monthly average of paid and unpaid users rose to 422 million, representing a net gain of 16 million in the period—but the news wasn’t enough to stop the stock from hitting an all time low.

Canada’s Commissioner of the Environment and Sustainable Development released five new reports and taking the Canadian government to task on its climate initiatives. And the most damning finding was that carbon emissions fell just 1.1% between 2005 and 2019, and since 2015 emissions have actually risen.

Boston-based Fidelity Investments is planning to let investors put a Bitcoin account in their 401(k)s, the first major retirement-plan provider to do so

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

Elections Canada is undergoing a digital makeover that includes virtual offices and modernizing record-keeping.

The EU has issued a warning to Elon Musk over Twitter’s (still feels weird saying that), making it clear that, free speech plans aside, Twitter must comply with the EU’s new digital regulations or risk being fined up to 6% of their total revenue or even banned outright in the Eurozone.

Canada is caught between two calls: to boost oil and gas production to help with the global energy crisis while simultaneously meeting its ambitious climate targets and achieve net-zero by 2050. And RBC says Canada can do both but it won’t be easy or cheap.

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

As China continues to keep much of Shanghai in lockdown as it combats a mass Covid outbreak, Chinese stocks have fallen to their lowest levels in over two years with two main stock indexes falling 5% Monday.

Beekeepers across Canada are buzzing with concerns over alarmingly high bee mortality rates owing to damages from the (menacingly named) Varroa destructor mite, with some keepers in Manitoba and Ontario seeing losses of up to 90%, much higher than typical mortality rates of 20-30%.

Twitter has accepted Elon Musk’s bid to take over the company for $45.5 billion, closing out days of discussions between Musk and the company’s board after the billionaire presented a “best and final” offer days ago.

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

Lululemon is launching two membership plans later this year in a bid to drive customer brand loyalty and help reach its ambitious goal of doubling sales to US$12.5 billion by 2026. Angus Reid **released a new survey that found 51% of Canadians favour abolishing the monarchy in Canada A Twitter Canada executive has reportedly likened the federal government’s plan to regulate the internet to the approach of authoritarian countries like North Korea and Iran, per The Globe and Mail.

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

Telsa CEO Elon Musk confirmed that, between his own considerable wealth and loans from banks led by Morgan Stanley, he has lined up the financing to buy Twitter, which is something you can do when you’re the richest person in the world

As companies continue to raise prices to offset inflation, wage hikes and product shortages, sales numbers from Nestle and P&G (the world’s largest CPG companies by revenue) indicate that shoppers are still spending like it’s 2019

Last year Shopify said it was “arming the rebels” against Amazon, and now Amazon is striking back through a “Buy With Prime” service that will allow businesses to offer Prime shopping features—like free shipping and next-day delivery—for products sold through their own websites.

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

Rogers announced a double dose of good corporate news yesterday, posting a 7% quarterly year-over-year revenue increase for wireless services and confirming the company is on track to close its $26 billion acquisition of Shaw by the end of June.

Florida Governor Ron DeSantis is urging lawmakers to terminate the self-governing privileges that Disney World holds in the state

Inflation rose 6.7% from the prior year in March, a full percentage point higher than February’s 5.7% pace and the highest rate since the GST took effect in 1991

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