The Peak Daily
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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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Wish upon a star 💫- Disney and OpenAI join forces, Major Projects Office looks for workers.
The U.S. is pursuing another measure that makes it seem like it no longer cares about international tourism as a GDP contributor.
Canadia...
Social snooping 👀- U.S. proposes invasive travel measures, Canadians spend big on entertainment.
The U.S. is pursuing another measure that makes it seem like it no longer cares about international tourism as a GDP contributor.
Canadia...
No scrolling 📵- New defence agency awards first contract, Australian social media ban begins.
Like all of us this time of year, Canada is looking for ways to buy new stuff for less.
There are going to be some extremely irritable Au...
I’m melting 🍦- Biggest ice cream company makes market debut; Canada lures foreign doctors.
The classic chant “I scream, you scream, we all scream for ice cream” may no longer be a totally accurate observation.
Canada is asking “...
Sun or strike 😎- Air Transit cancels flights as strike looms, CRA objections soar.
Just three months after the last Canadian airline strike brought travel plans to a halt, we’re on the verge of an untimely sequel.
A reco...
Slop bowl slump 🥗 - The lunch crowd is falling out of love with bowls, Hims & Hers enters Canada.
Young people are starting to sour on the idea of a $17 lunch bowl that looks like a burrito was hit by a bus and thrown in a cardboard container.
Keep it in cheque 💳 - Big banks cut chequing account fees, Switzerland votes down tax reform.
A silent but deadly budget killer is starting to be reined in.
For Switzerland, luring wealthy foreigners is as proud a part of its cultu...
Code red 🔴 - Google has OpenAI in a panic, Scholastic turns a new page with office sale.
OpenAI started the AI race in a full sprint while its competitors were still lacing up their shoes.
Scholastic is making big changes to e...
Judge ye not 👨⚖️ - Courts are tossing out criminal cases, Canada and the EU get defensive.
A bottleneck of cases in Canadian courtrooms is leading to thousands of violent crimes going untried.
After a period of flirtation, Canad...
Holiday splurge 🛍️ - Canadians nab Black Friday deals, Honda’s space ambitions are taking off.
Black Friday splurges may leave many Canadians in the red come the new year.
One small step for man, one giant leap for automakers moonli...
Pinky promise 🤝 - Ottawa and Alberta reach pipeline deal, Molson Coors sues alleged embezzler.
Facing an oil pipeline conundrum, Ottawa is trying to kill two birds with one stone.
One of Canada’s top purveyors of watery beers is acc...
In the soup 🥫 - Gifts cards are this year’s hottest gift, Campbell’s says its chicken isn’t 3D-printed
It’s the classic gift you buy your nephew when he grows out of his dinosaur phase. It might also be the hottest holiday present of the year.
Citation needed 📄 - AI hallucinations invade government reports, Landlord software gets reined in.
Just because a study has a long, jargon-filled title, that doesn’t mean it’s real.
The company accused of driving up your rent is quietly...
Dupe duels 👬 - Quince faces a dupe lawsuit, Cigarettes are staging a cultural comeback
The king of the holiday gift guide is taking on the (alleged) king of the dupes.
Hollywood A-listers are convincing Gen Z that cigarettes...
Wheelin’ and dealin’ ♠️ - Carney plays Let's Make a Deal, Montreal rides pension cash to a transit win
Canada’s foreign policy is now all about the Benjamins — or in this case, the Bordens.
Torontonians, look away: Montreal’s new train upgr...
Loosen up 🤙- Canada’s lending regulator wants to loosen up loans, Questrade adds new tools.
The Office of the Superintendent of Financial Institutions (OSFI) — the supervisor of our federally regulated lenders — wants to free up more credit f...
Coming down the pipe 👆- Halal investing is going mainstream, Ottawa and Alberta to reach pipeline deal.
A Canadian startup is throwing its hat in the ring of the $5.4 trillion halal financing market.
Things haven’t exactly been peachy betwee...
Burst into tiers 😢- Alberta pursues two-tiered healthcare, Canada has a research problem.
Alberta’s government has drafted legislation that would allow doctors to work at both private and public institutions simultaneously.
For...
Hook, line, and sinker 🎣- Investment scammers target Gen Z, Apple speeds up CEO succession plan.
The most digitally savvy generation is now falling for online financial scams at a higher clip than their grandparents.
After over 14 yea...
AI Hackers 🤖- AI is automating cyberattacks, Labubu’s are going Hollywood
Spare a thought today for the latest workers to be displaced by AI: hackers.
Sony might’ve just landed one half of the next Barbenheimer.
Wish list 💫- Ottawa unveils new nation-building projects, Digital billboards are watching.
Ottawa just rolled out part two of its infrastructure Christmas wish list. Whether it’ll get what it asked for is up in the air.
Targeted...
Fast and cheap 🏎️- AI faces another DeepSeek moment, Airbnb wants to be an everything app.
Call it déjà vu: A Chinese AI firm has set the industry abuzz by doing more with less.
When you book your next Airbnb, you’ll have to dec...
Digital Sovereignty 🇨🇦- Buy Canadian comes to AI, The U.S. wants Canada to pay more for drugs.
Buy Canadian is going way beyond the grocery cart.
Trump is trying to strong-arm Big Pharma into hiking drug prices around the world.
Break it off 💔- The end appears near for Sonder, Clio nets a $5 billion valuation.
Today we ponder the fate of Sonder, a Canadian-founded company that appears to be near its end.
A homegrown tech company is proving, beyo...
Talent show 🎤- Ottawa looks to poach U.S. talent, OpenAI floats government backstop
Ottawa may be closing some of its immigration doors, but it’s rolling out the red carpet for highly-skilled workers on U.S. visas
It’s a...
Making friends 👬- Canada and Saudi Arabia cozy up, Scam ads make big money for Meta.
With the U.S. playing hard to get, Ottawa and Saudi Arabia are playing a little footsy under the trade table.
Scammers aren’t the only on...
Time to pay up 💸- Tesla shareholders vote on Musk pay package, Investors float AI bubble concerns.
Tesla shareholders will vote today on whether or not to approve a pay package for CEO Elon Musk that could end up being worth over US$1 trillion.
Here comes the budget 🏧- Carney drops his first federal budget, Coke ushers in the age of AI ads.
We don’t know about you, but we could hardly sleep Monday night knowing there was a fresh budget waiting under the fiscal Christmas tree.
...
Quantum IPO 💻- Xanadu plans blockbuster IPO, ChatGPT is done giving you advice.
Quantum computing might be difficult to comprehend (we’re still not sure what a qubit is), but one thing about it is easy to understand: it’s got a lo...
Touch-ups 💄- Cosmetic treatments blow up, Trump's tariffs get their day in court
Getting a little work done isn’t just for people trying to reclaim their lost youth anymore — young people themselves are increasingly getting cosmeti...
Travel bug 🪲- Canada records all-time summer tourism numbers, Carney meets with Xi.
Even with fierce competition from luxurious Euro trips and beachside all-inclusives, Canada came out of vacation season as the big winner.
Zombie Zellers 🧟- Nvidia inaugurates the $5 trillion club, Zellers returns from the dead (again).
They say it’s lonely at the top, but it sure seems like Nvidia has a lot of supporters.
Like a cat with nine lives, Zellers simply refuse...
Simple as that 🤑- Wealthsimple is a $10 billion company, OpenAI finalizes its restructuring.
What started in 2014 as a simple robot trade advisor is now an all-time Canadian business success story.
OpenAI is trying to keep up its...
Stablecoin FOMO 💰- Ottawa opens up to stablecoins, Powerful Alzheimer’s drug gets green light.
Ottawa doesn’t want to miss the boat on a potential Blockbuster-to-Netflix moment in the way people spend their money.
A newly approved A...
Dupe defence 👬- International travel gets invasive, Lululemon trademarks its dupes
Get ready to strike a pose and say “cheese” if you’re heading to the U.S., because any visits to our southern neighbour will soon come with a photo op...
Let’s go Blue Jays 🐦- Businesses cash in on Jays run, Alberta needs more juice for data centres
Blue Jays fans aren’t just ponying up $2,500 for nosebleed seats — they've been on a citywide spending spree.
Alberta’s ambitions to beco...
On ice 🧊- NNHL signs Polymarket licensing pact, Canada could get its first whale sanctuary.
Hockey is the home of league-sanctioned fist fights, toothless athletes, and now, grey-area gambling.
North America’s first-ever whale sa...
Don’t dream it’s over 💤- Another Ontario EV plant ceases operations, The NYT TikTok-ifies the news.
Just a week after Stellantis announced it was halting Jeep production in Brampton, another southern Ontario EV auto plant is on the outs.
...
Longest trial ever ⚖️- Canada’s longest trial rattles B.C. landowners, Ottawa cracks down on fraud.
The ripple effects of the longest trial in Canadian history are starting to rattle some B.C. landowners.
Ottawa is overhauling how it com...
Secondhand status 👐 - Tariffs take a bite out of U.S. auto sector, Luxury brands lose sales to themselves
The U.S. wants to turn the North American auto industry into just the American auto industry — but it might cripple the whole sector in the process.