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.

Latest podcasts

  1. Controversy ⚽️ — More controversy surrounds the World Cup. Interest rates are becoming a big problem for mortgage holders. And Mercedes has a new subscription product.

    Thursday, November 24th 2022

    Just a few days into the 2022 World Cup, feats of athleticism from the world’s best soccer players have been largely overshadowed by controversies and bold acts of defiance. The pain of rising interest rates is starting to spread across the housing market, and more people may soon find themselves facing larger monthly mortgage payments. Mercedes is now charging a US$1,200 annual subscription fee for drivers of its EQ models to gain access to faster acceleration and better performance capabilities, a feature that the vehicle already comes fully equipped with. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

  2. Sick days ? — Meta’s Oversight Board made their first big ruling. We don’t know what’s going on with the National Housing Strategy. And Canada’s private sector unions are looking for a raise.

    Wednesday, November 23rd 2022

    Meta’s Oversight Board, an independent body that judges the company’s most high-stakes content moderation cases, just made a decision that could change how the company moderates content. In 2017, the government launched its National Housing Strategy to create more affordable housing, which includes a sub-plan aimed at cutting chronic homelessness in half by 2028. Canada’s biggest private unions are looking for some of the largest pay gains seen in a generation to make up for the damage inflation has inflicted on consumer purchasing power. Five years in, are the feds any closer to this goal? The short answer: No one knows. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

  3. Lost a leap ⏱ — We’re losing a leap second.There’s a new sick day law. And a controversial weight loss drug is about to hit the market.

    Tuesday, November 22nd 2022

    The International Bureau of Weights and Measures (BIPM)-the group that quite literally decides what time it is-voted to [abolish the leap second](https://www.nytimes.com/2022/11/19/science/time-leap-second-bipm.html#:~:text=It was devised as a,allow Earth to catch up.). On December 1, a new law comes into effect guaranteeing ten paid sick days a year for employees in federally-regulated industries like banking, telecoms, and air transport. Several major biotech players are moving fast to develop obesity drugs to snag their share of a market that analysts say could be worth US$50B annually by 2030. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

  4. Taylor v. Ticketmaster ? — Twitter is the Titanic? Qatar is spending a lot on the WC. And Taylor is battling Ticketmaster.

    Monday, November 21st 2022

    If you log onto Twitter these days, the vibe is akin to what we imagine being on the deck of the Titanic was like, you know, riiiight after it hit the iceberg. Qatar spent ~US$300 billion (roughly 6.8 Twitters) on World Cup 2022, making it the most expensive FIFA contest ever. A disastrous presale of tickets for Taylor Swift’s upcoming tour has landed Ticketmaster (and its parent company Live Nation) in hot water with an army of Swifties—and (only a slightly more powerful force) the US Justice Department. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

  5. Worse than Enron ? — Insolvency expert says FTX is the worst he’s seen in his career. Canada may join the OPEC for nickel. Rain is causing wheat headaches.

    Friday, November 18th 2022

    According to a guy that’s seen the darkest side of the corporate world, the fallen crypto exchange FTX is the worst of it all. Last month Indonesia floated the idea of a so-called “OPEC for nickel”. Now, it’s shopping around for partners to make this cockamamie dream a reality. At the top of its list? Canada. You probably know that it rains a lot in Vancouver. What you might not know is that Canada’s grain supply chain essentially comes to a screeching halt every time the skies open up there. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

Brought to you by