The Peak Daily

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.

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  1. Disney cuts ? — Disney lays off. Right to fix laws are changing. And Bombardier is doubling down on jets.

    Friday, February 10th 2023

    Layoffs. They’re not just plaguing Big Tech anymore. Disney plans to lay off 7,000 workers and restructure its organization as it looks to boost profits and cut costs by US$5.5 billion. Tech companies are making their phones and computers a lil’ bit easier to fix, but consumer advocates want lawmakers to push them further. Thousands of travellers probably wished they owned a private jet after a disastrous holiday travel season. If they could afford one, Bombardier would be happy to help them out. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

  2. Search wars ? — Microsoft is taking the search fight to Google. Hydrogen could be the future of energy. And great Uber earnings.

    Thursday, February 9th 2023

    Leafs vs. Habs. Pepsi vs. Coke. Dudes who wear shorts year-round vs. Canadian winters. Then, there’s Google vs. Microsoft. And a new front has opened up in their ongoing war. Canada’s ready to add some more green to its energy mix. While most of the tech industry saw quarterly earnings reports that ranged from “disappointing” to “AHHH!!!”, Uber is looking at its latest numbers with a big, toothy grin. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

  3. Geothermal energy ? — The PM and Premiers meet to discuss healthcare. The Bank of Canada is opening up to Canadians. And geothermal power could be a huge energy breakthrough.

    Wednesday, February 8th 2023

    Justin Trudeau met yesterday with the nation’s premiers, offering them $196.1 billion in healthcare funding to put towards healthcare over the next decade, including $46.2 billion in completely new funding. In exchange, provinces and territories must improve how they collect and share health data and report on how they spend the money they receive. The Bank of Canada (BoC) is trying to open up. But unlike your typical therapy session, it’s the Canadian public with the trust issues. Tired of hearing about wind, solar, and hydrogen energy? You’re in luck. There’s a hot new renewable energy source on the scene that is literally so hot. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

  4. Cashless country ?? — Switzerland is voting on going cashless. Employers are tracking you. And a Quebecer tricks Tripadvisor.

    Tuesday, February 7th 2023

    Switzerland is going to have a referendum about whether the country should be allowed to go completely cashless. As workers hang on to work-from-home for dear life, employers are turning to tracking software (aka bossware or tattleware) to ensure workers aren’t busy napping or doing laundry. Tripadvisor took down the listing for Le Nouveau Duluth, the platform’s top-ranked Montréal restaurant, after a CBC investigation found that the eatery didn’t exist. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

  5. Magic ? — Tech companies are missing expectations. Online arguments about food prices. And the future for Magic Mushrooms in Canada.

    Monday, February 6th 2023

    The triple A of Big Tech—Apple, Amazon, and Alphabet—all dropped earnings reports for the final quarter of 2022, each with its own specific points of concern. Arguing on social media: It’s not just for cranky relatives you only see once a year. Major Canadian grocery chains can get in on the fun, too. Magic mushroom shops are springing up across the country, not unlike the spree of black market pot shops that populated urban areas in the runup to legalization in 2018. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

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