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. 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.

    Monday, February 7th 2022

    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.

  2. 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.

    Friday, February 4th 2022

    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.

  3. Groundhog day ? — TerraZero is issuing metaverse mortgages. Cruise is offering full driverless rides in SF. And Alphabet is splitting their stock.

    Thursday, February 3rd 2022

    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.

  4. Wordle ? — Canadian startups raise huge rounds. Wordle gets bought by the NYT. And the U.S. is reducing tariffs on softwood.

    Wednesday, February 2nd 2022

    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.

  5. Patent pending ? — Blackberry sells their patents. Lynx Air takes the skies. And more brands are getting into the metaverse.

    Tuesday, February 1st 2022

    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.

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