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. Expensive hot dogs ? — TikTok is (once again) facing a ban. Your BBQ costs are inflated. Zuck is looking to make big cuts.

    Monday, July 4th 2022

    TikTok is once again fighting for its survival in Western markets as it faces growing criticism over its relationship with China’s government and how it handles user data. We hope the scourge of inflation this year didn’t spoil the long weekend for you, but you might have noticed paying more for pretty much everything you need for a successful ‘BBQ. Meta, the parent company of Facebook and Instagram, plans to cut hiring and demand more from existing employees as it preps for an economic downturn, according to leaked audio from a company staff meeting. The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

  2. Välkommen ?? — Canadian brands are pulling their dollars from Hockey Canada. Dealers could be dust. And Finland and Sweden are joining NATO.

    Thursday, June 30th 2022

    Scotiabank, Tim Hortons, Telus, and Canadian Tire have suspended funding for Hockey Canada following the organization’s mishandling of sexual assault allegations against its players. If you’re a fan of haggling with salespeople at car dealerships, we have bad news: Ford plans to shake up the tried-and-tested dealer model of car sales, using the sale of electric vehicles (EVs) as a testing ground for big changes that could upend the dealer model. Finland and Sweden finally got the big invite to join NATO they have been waiting for after Turkey dropped its opposition to their membership, setting the stage for the most significant enlargement of the alliance in years. The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

  3. Real estate reckoning ? — The feds are doubling down on Superclusters. Blackstone won’t be buying your house, but other investors might… The CRA is struggling to get some companies to pay their taxes.

    Wednesday, June 29th 2022

    The federal government is “doubling down” on its supercluster innovation program, slapping on a fresh coat of paint and publicly reasserting its importance in driving Canadian innovation. Asset management behemoth Blackstone made it clear it has no interest in investing in single-family homes as part of its expansion into Canadian real estate, but the same can’t be said for other big investors. If you’re upset your buddy that still owes you $100 for dinner, imagine how the Government of Canada feels about losing out on $23.4 billion in uncollected taxes—that’s how much the Canada Revenue Agency says people and businesses are underpaying to the feds every year.

  4. Long haul ? — The G7 is setting new prices on Russian oil. Canadian berries are at risk. Amazon can now mimic real voices, even dead ones.

    Tuesday, June 28th 2022

    On Sunday, G7 nations said they were standing with Ukraine for “as long as it takes” in their fight against Russia. On Monday, they translated those words into action with a plan to cap the price of Russian oil, depriving Vladimir Putin of a key revenue source. We’ve all heard calls to save the bees and now we might be hearing calls to save the berries too as declining bee populations mean Canadian fruit crops aren’t getting the pollination they need. The Amazon smart speaker will eventually be able to mimic real people’s voices, including those who are dead The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

  5. Ad supported streaming ? — Netflix is adding an advertising-supported account tier. Some CEOs are moving away from remote work. And there’s a new Gamestop-style meme stock.

    Monday, June 27th 2022

    The rumour about Netflix’s next big move is true and, no, it’s not the one you heard about them bringing back your fave cancelled show (#GLOWSeason4Now): Ads are officially coming to the platform. Hybrid work may seem like a nice compromise between employers who want workers in seats and employees who’d rather not spend hours commuting every week but CEOs are starting to disagree. Mover over GameStop, there’s a new meme stock on the block: Revlon, the once-iconic cosmetics brand, has seen its share price soar more than 600% from all-time lows last week. Oh, and did we mention the company is in bankruptcy? The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

Brought to you by