Latest podcasts
- Collection time ⏰ — The Twitter and Musk feud is nearing its climax. US inflation numbers are bad. And the Feds haven’t been able to get their loans back.
Wednesday, September 14th 2022
Join us for a live recording of The Peak Daily at the Bet on Canada Summit on November 8th. Buy tickets here: https://readthepeak.com/events/bet-on-canada-2022 As we await the start of Twitter v. Elon Musk (October 17 if you want to mark your calendar) the final pieces are falling into place for the tech trial of the century. The federal government gave small businesses $49 billion in pandemic loans but forgot one crucial part of doling out tonnes of cash: A plan to get it back. Higher-than-expected US inflation numbers have cleared the runway for the Federal Reserve to deliver another big rate hike—a realization that has sent markets into shock. The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.
- Climate coalition ? — Modern-day slavery is a huge problem. The bond market is suffering. And there’s concern over Canada’s new climate laws.
Tuesday, September 13th 2022
In 2021, 50 million people across the globe were in some form of modern slavery, including 28 million working under forced labour conditions, per a new UN report. If you’re kicking yourself over a bad stock pick recently, we’re here to tell you that even the safest investments are losing money this year. That’s right, a key index tracking global bonds has dropped 16.8% since January. Climate Proof, a coalition led by the Insurance Bureau of Canada, published an open letter calling the federal government’s new climate goals ‘‘vague and distant”. The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.
- Stress test ? — Canada’s unemployment rate is up. Google is in hot water. And Canadians want to revise the stress test.
Monday, September 12th 2022
Canada’s unemployment rate is up for the first time in seven months, which means that high interest rates have (done what they do best and) thrown cold water on the red hot labour market. The US Justice Department (DOJ) is accusing Google of paying companies billions each year to remain the default search engine on browsers, illegally. Office of the Superintendent of Financial Institutions (OSFI), which oversees federal mortgage rules, confirmed it will not loosen its borrowing requirements, per Bloomberg. The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.
- Her Majesty ? — Canada has a new inflation support plan. The super yacht industry is booming. Corporations are pulling back.
Friday, September 9th 2022
The federal government announced a new three-pronged plan to introduce temporary relief measures aimed at helping low-income Canadians beat back inflation pains. Speaking of the wealthy doing more than their fair share of spending, the superyacht rental business is booming as the well-to-do want to hit the high seas in luxury and comfort. Corporate swag bags may soon become an ancient relic of the past, disappearing with memories of money flowing freely through corporate America’s expense accounts. The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.
- Basis points ⬆️ — The Bank of Canada announced a 0.75% rate hike. New iPhones. And markets are going haywire.
Thursday, September 8th 2022
As expected, the BoC delivered another oversized rate hike, bumping the overnight interest rates up to 3.25% from 2.50% (or 75 basis points, if you’re fancy like that). Apple held its latest product launch event, dubbed Far Out, yesterday, announcing a range of new goodies including the iPhone 14 and the Apple Watch Ultra. Freaked-out investors are pouring money into the US while pulling out of international stocks at a rate not seen since a 22-week run of outflows in 2019, per the WSJ. The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.