The Peak Daily

By The Peak / CuriouscastNews Business News

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Typical duration
8 min
per episode

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The Peak Daily episodes

February 07, 2022 Flying high ✈️ — Hopper raises $44.6 million. The Canadian job market isn’t doing so hot. And IBM is launching its first Canadian-quantum computer in Quebec.
Hopper, the Montreal-based travel app, is flying high after selling $44.6 million worth of equity to Brookfield Asset Management this week. Canada’s job market is struggling, new job numbers show that the economy shed 200,000 jobs in January, well above analyst forecasts of 110,000 losses. IBM plans to launch its first Canada-based quantum computer in Quebec, in partnership with the provincial government, per The Globe and Mail.
Celebrating something? Let us know for a shoutout here: https://thepeak.typeform.com/to/GuHjLDoa
The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.
9 min
February 04, 2022 Cook vs. Zuck 🥊 — Housing prices may drop 20% according to one regulator. Meta’s earnings tank. And the SGL is still trying to overtake the PGA.
Housing prices could drop up to 20% in some of the most over-heated Canadians markets, according to one of the country’s top banking regulators. Facebook’s parent company Meta’s stock collapsed by as much as 26% yesterday morning —wiping out over US$200 billion from its market cap — after the tech giant forecasted weaker revenue growth this quarter. The Saudi Arabian-backed Super Golf League (SGL) is trying (again) to court the world’s top 100 golfers, according to US golfer Phil Mickelson — who is ranked 38th on the PGA Tour
Celebrating something? Let us know for a shoutout here: https://thepeak.typeform.com/to/GuHjLDoa
The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.
11 min
February 03, 2022 Groundhog day 🌷 — TerraZero is issuing metaverse mortgages. Cruise is offering full driverless rides in SF. And Alphabet is splitting their stock.
Vancouver-based TerraZero Technologies has processed one of the first-ever metaverse mortgages, facilitating the transaction for a new landowner in Decentraland, a virtual world. Self-driving car company Cruise is gearing up to launch a fully self-driving robotaxi service to the public in San Francisco. Alphabet is reducing the price of its shares to make investing in the company more accessible. The move is called a “stock split” and in this case, will increase the company’s shares by a multiple of 20.
Celebrating something? Let us know for a shoutout here: https://thepeak.typeform.com/to/GuHjLDoa
The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.
9 min
February 02, 2022 Wordle 📕 — Canadian startups raise huge rounds. Wordle gets bought by the NYT. And the U.S. is reducing tariffs on softwood.
Show Notes: Talk about a strong start to the Year of the Tiger: three Canadian tech companies have announced a combined ~CA$511 million in funding yesterday, a sum that amounts to around a fifth of what Canadian companies raised in all of Q1 2021. The internet is divided–again–only this time, it’s surrounding The New York Times’ (NYT) decision to buy Wordle, the new and wildly popular online puzzle game that has captured the hearts and minds of users around the world. The US plans to reduce tariffs on most Canadian softwood lumber producers in a move that might offer some relief to the lumber dispute between Canada and the US that’s been dragging out for over three decades…talk about holding a grudge.
Celebrating something? Let us know for a shoutout here: https://thepeak.typeform.com/to/GuHjLDoa
The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.
12 min
February 01, 2022 Patent pending 📜 — Blackberry sells their patents. Lynx Air takes the skies. And more brands are getting into the metaverse.
Blackberry is selling tens of thousands of patents for US$600M to a single company to turn its focus towards its core business: cybersecurity and software used by automakers—yeah, it’s been a while since they’ve made money from smartphones. A new Canadian Airline called Lynx Air has emerged, as new competition between low-cost airlines and its larger counterparts—Air Canada and WestJet—heats up. Consumer brands like Walmart and Procter & Gamble (P&G) are jumping on the metaverse bandwagon, even though the concept is still fuzzy for many people.
Celebrating something? Let us know for a shoutout here: https://thepeak.typeform.com/to/GuHjLDoa
The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.
10 min
January 31, 2022 Expensive data 📱 — Phone bills are getting a little bit cheaper. Apple had a great quarter. And Facebook has a new way to make money off us.
Wireless plans in Canada are (finally) getting cheaper—or are they? A new federal government report shows progress on price cuts but the full picture is a bit more complicated. Apple reported its best quarter ever—partly because they have a supply chain advantage. Facebook has found a new way to make money from your face according to new patents filed by the company.
Celebrating something? Let us know for a shoutout here: https://thepeak.typeform.com/to/GuHjLDoa
The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.
8 min
January 28, 2022 Luxury tax 🛩 — Uber strikes a deal with a Canadian union. The luxury tax is cancelling private jet and yacht orders. Apple’s rolling out a new point of sale solution.
Uber has struck a deal with Canada’s largest services sector union to represent the ride-hailing company’s Canadian 100,000 drivers and delivery workers. Canadian high-end car, plane and boat makers are bracing for cancelled orders under the Liberal government’s luxury tax, per The Globe and Mail. Apple will soon roll out a feature that turns iPhones into payment terminals, eliminating the need for extra hardware, per Bloomberg.
Celebrating something? Let us know for a shoutout here: https://thepeak.typeform.com/to/GuHjLDoa
The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.
9 min
January 27, 2022 New boss 👩‍✈️ — CN Rail gets a new CEO. Banks are in the race to hire top tier tech talent. The FTC fines Fashion Nova.
Canadian National (CN) Railway named a new CEO after an activist investor waged a months-long campaign for the railroad to juice up its financial and stock performance. The latest company to enter the war between fintechs, startups, and tech giants for talent? Big banks. You know you're doing something right (or horribly wrong) when the Federal Trade Commission (FTC) starts paying attention as the FTC fines fast Fashion behemoth Fashion Nova for suppressing specific reviews.
Celebrating something? Let us know for a shoutout here: https://thepeak.typeform.com/to/GuHjLDoa
The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.
9 min
January 26, 2022 New ownership 👩‍💼 — A non-profit is working to make the TMX 100% indigenous owned. Companies have to pay more for Super Bowl ads. Google is moving to a new cookie system.
A new non-profit group wants to help 129 Indigenous groups pursue ownership of the Trans Mountain Pipeline (TMX), making it 100% Indigenous owned. Companies have had to increase their budgets on Super Bowl LVI ads, the biggest advertising event of the year, as Omicron disrupted commercial shoots and drove up production costs. Google scrapped their controversial plans to replace traditional tracking cookies with Federated Learning of Cohorts (FLoC), and instead announced a new proposal called Topics.
10 min
January 25, 2022 Bills, bills, bills 📜 — Google doesn’t like Canada’s new internet laws. BenchSci raised $50 million. And activist investors are getting active.
Canadian lawmakers prepare to pursue internet-related legislation next week, a Canadian Google executive has cautioned that such proposals could dramatically worsen people’s online experiences, per The Globe and Mail. Toronto-based startup BenchSci raised US$50 million to expand its AI-enabled platform that makes drug research less of a hassle. activist investors that have built stakes in consumer goods giant Unilever, Kohls and Peloton are now pushing for corporate changes to improve performance.
Celebrating something? Let us know for a shoutout here: https://thepeak.typeform.com/to/GuHjLDoa
The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.
10 min

About The Peak Daily

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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.