The Peak / Curiouscast
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.
Where to listen?
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Episodes
Expensive roofs 🏠 — Construction costs are sky-high. You’re telling me a robot made these drugs? Adidas wins patent fight with Nike… this time. 27.06.2023 6:29
The cost of raising a roof is going through the roof. Have you heard about INS018_055? No, it’s not the name of Grimes and Elon Musk’s newest child. It’s a potentially groundbreaking AI-designed drug . While “supreme court decision” might sound like a pretty big deal for most people, it’s just another day in the life of the world’s biggest footwear brands. We're looking to learn more about YOU!...
Putin’s chaotic weekend 📅 — Vladimir Putin had a chaotic weekend. India's secret weapon for dealing with red tape: AI chatbots. Canada’s accounting shake-up. 26.06.2023 6:42
When your colleagues ask what you got up to this weekend, you can say “Much more chill than Vladimir Putin’s, that’s for sure.” You thought Loblaws selling 37$ chicken breasts was bad? Canada Bread is kindly asking you to hold its beer. Most of us use AI chatbots for mundane, daily tasks like drafting memos or meal planning. But in India, they’re giving the nation’s poorest populations a leg up. W...
Musk vs. Zuck 🥊 — The fight of the century: Musk vs. Zuck. Bread price fixing. And fake meat isn’t meeting expectations. 23.06.2023 7:18
Elon Musk and Mark Zuckerberg have agreed to a cage fight . No, this is not a story from an abandoned April Fool’s edition. You thought Loblaws selling 37$ chicken breasts was bad? Canada Bread is kindly asking you to hold its beer. Even though it’s making headlines, lab-grown chicken is the least of the plant-based meat industry’s concerns right now. We're looking to learn more about YOU! Please...
Sub search 🌊 — Sub search turns up empty. The IMF has some advice for Canada. A sweet tooth, in this economy? 22.06.2023 7:35
With its air supply gone, the worst-case scenario has likely been realized for the five people aboard the missing Titan submersible. The UN’s top financial body just finished up a trip to Canada and has some friendly advice on how to handle green investments. Today in not-so-sweet news, the price of your favourite grocery impulse buy is on its way up. We're looking to learn more about YOU! Please...
Movie woes 🎞️ — Publishers want Big Tech to pay up. Ozempic ads are here, there, and everywhere. Are moviegoers tired of Pixar and superheroes? 21.06.2023 8:55
Big Tech is learning (the hard way) that the internet isn’t one big free for all. You’ve probably heard of Ozempic—the diabetes drug that has become a fave of celebs and border-hopping Americans for its weight loss capabilities—because it’s literally everywhere. Twin box office flops this past weekend involving pillars of modern moviegoing—Pixar and superheroes—paint a concerning picture for studi...
Plane sale ✈️ — Canada has a housing market twin. Paris Air Show takes off. What will central banks do next? 20.06.2023 7:07
New Zealand’s housing prices have crashed harder than a toddler after a sugar rush. Paris’ other headline-grabbing show—the Paris Air Show—begins this week. Only in this event, guests are leaving with 500 Airbus jets instead of Louis Vuitton’s summer collection. About a year into their bare-knuckle brawl against inflation, the world’s central banks have found themselves playing the least fun game...
Uninsurable 🔥 — Cancer rates surge among young people. Canada spurns global arms build-up. Will Canada become uninsurable? 19.06.2023 6:26
Cancer rates among people aged 25 to 29 have increased faster than any other age group over the past three decades, a new analysis by the Financial Times showed. The world may be ramping up defence spending, but Canada is in no rush to dole out more cash for the military. Besides displacing thousands of people, polluting the air, and making New Yorkers mad at us , Canadian wildfires could also st...
Maple syrup bust 🍁 — A $150 million maple syrup meth bust. As rates rise, Canadians’ debt gets riskier. Canadian grocers face potential windfall tax 16.06.2023 6:52
According to the UN’s 2022 World Drug Report , seizures of methamphetamines are on the rise. The latest of these huge meth busts comes with a rather ridiculous Canadian twist. If someone owes you a fat stack of cash, now might be a good time to check if they’re still good for it… especially if you happen to be a Canadian financial institution. If you were disappointed by the new grocer “[code of c...
Bey-flation 🎤 — Beyonce inflation. Regulation is knocking on AI’s door. Toyota EVs aim to go farther 15.06.2023 7:18
Sweden’s annual core inflation rate fell just 0.2% last month, a notably smaller drop than analysts expected. Experts now have one irreplaceable theory for why this happened. Right now, AI research and development is kind of like the Wild West, but a hotshot sheriff named the EU just rode into town to lay down the law. Just six months after Toyota’s CEO expressed he was, let’s say, less gung-ho fo...
Streaming sports 🎾 — Western ports hit choppy waters. IKEA’s AI future. Netflix gets creative with sports streaming 14.06.2023 7:41
One of the world’s least efficient cargo ports is now facing the unimaginable: Becoming even less efficient. Everyone and their mother has an AI chatbot these days, and everyone's favourite provider of reasonably-priced middle-tier furniture is no different. Love is Blind fans may never forgive Netflix for the outage that spoiled the live reunion, but the company is ready to venture back into live...
Swoop no more 🛬 — Reddit fades to black. Canada joins the US corn crusade. Swoop…and it’s gone. 13.06.2023 6:50
Reddit is facing a revolt from some of its most popular subreddits. In the biggest cornfield contest since Field of Dreams , Canada is joining the US in a trade complaint against Mexico over the country’s restrictions on genetically modified corn imports . A pilot [pay bump]( https://www.reuters.com/business/aerospace-defense/westjet-pilots-tentative-deal-24-hourly-raise-over-4-years-document-show...
Zuck’s plan 🥽 — US regulators push crypto to the brink. Zuck’s plan. Do energy drinks have too much energy? 12.06.2023 7:41
The cryptocurrency sector is facing an existential crisis courtesy of Uncle Sam. Apple may have its Vision Pro, but Meta CEO Mark Zuckerberg has a vision of his own. (That is the one and only time we will use that joke—promise!) Today in news that you will not find shocking, a drink called Hype Sauce may not be a totally healthy beverage choice.. Celebrating something? Let us know here: https:...
We sold The Peak 📈 — The Peak sells to Moses Znaimer’s ZoomerMedia. Uber wants you to share. Meet the Chinese e-commerce app dominating the App Store charts. 09.06.2023 5:57
The Peak has agreed to sell to ZoomerMedia for an aggregate purchase price of $5 million, the companies announced yesterday. Few experiences are more nightmarish than booking a rental car. Long lines, endless paperwork, and ending up in a 2004 PT Cruiser despite asking for a 2018 Honda Civic. A Chinese e-commerce app that promises to let you “shop like a billionaire” has rocketed up to #3 on Can...
Car theft crisis 🚗 — Car thefts in Canada are a “national crisis”. How much AI is too much AI? Meta’s biggest attack yet on Canada’s online news act. 08.06.2023 7:38
Missy Elliott once asked, “ Beep beep , who got the keys to the Jeep?” These days, the answer to that question is too often, “sophisticated international crime syndicates.” While it’s pretty amazing we’ve got to the point where artificial intelligence can think critically and come up with solutions out of thin air, it can also be a pain in the behind. There are few guarantees in life: Death, taxes...
Golf merger ⛳️ — The SEC comes for crypto’s biggest names. The PGA and LIV Golf link up. Office vacancies are trending up. 07.06.2023 6:58
Like the Blue Jays in 92/93, the US Securities and Exchange Commission (SEC) has gone back-to-back. Back-to-back with crypto lawsuits, that is. The Canadian Open kicks off tomorrow at the scenic Oakdale Country Club in Toronto. However, the competition is taking a backseat to some much bigger golf news. Looking for office space? Well, you’re in luck. There’s a lot of it on the market right now. Ce...
Vision Pro 🥽 — Apple meets the AR moment. The UN’s plastic problem. I’m an AI, and I endorse this message. 06.06.2023 7:15
Apple unveiled its long-awaited augmented reality (AR) headset at its Worldwide Developer’s Conference yesterday—the Vision Pro —a sleek pair of goggles with a battery pack that looks like something a cyberpunk hacker would wear while hitting the slopes. Last year, the UN agreed on an ambitious goal to devise a treaty by 2024 aimed at ending plastic pollution . But like any group project, there ar...
Wildfire tech 🔥 — Big city landlords have a cash flow problem. Tech takes on wildfires. Charging station shortage poses EV roadblock. 05.06.2023 7:18
Rents in Canada’s big cities are through the roof, and somehow many landlords are still losing money on their rental properties. It’s just another day in our wild, wild housing market. Wildfires have turned into a fact of life for millions of Canadians, and a growing cohort of entrepreneurs and investors are developing technology to limit the damage they cause. Around the world, the push is on t...
Greek sun ☀️— Greeks and Albertans team up on solar power. Canadian travellers enjoy their last hurrah. Nova Scotia faces record fires. 02.06.2023 7:30
New to the list of things Greece is famous for—after (of course) philosophy, souvlaki, and beaches—is solar power. In a new energy deal, Alberta hopes to learn a thing or two. Canadians are booking their summer getaways in record numbers, but the good times may be coming to an end. An out-of-control wildfire in southwest Nova Scotia is now the largest in the province’s history, and still burning o...
Class action suit 👨⚖️ — Stellantis subsidies could surpass VW’s. Retailers want to replace tags with QR codes. Shopify faces class action suit over severance pay. 01.06.2023 7:20
Stellantis looked at the subsidies Volkswagen was offered for its Ontario electric vehicle (EV) battery plant—the total could end up hitting $13 billion—and said, “Hold my beer.” Someone has figured out a use for QR codes that isn’t totally frustrating (looking at you, restaurants with digital-only menus). Shopify employees were once known for their loyalty and reverence for the company, but that...
Car thief 🚗 — Your Kia is (kind of) safe in Canada. Canada’s ketamine supplies are running low. A small province tackles big problems. 31.05.2023 7:30
A year after the “ Kia challenge ”—the “challenge” is to steal a Kia—emerged on TikTok, software fixes haven’t stopped thieves from continuing to make off with stolen cars. You may know ketamine by its use as an animal sedative or status as a Schedule 1 drug, but the demand for it as a treatment for anxiety and depression is also booming. Canada’s smallest province is getting bigger. Prince Edward...
Busy parks 🏞️ — Canada’s national parks are selling out fast. A tale of two job markets complicates labour shortage story. And Quebéc gets stricter on immigration. 30.05.2023 7:04
Ahhh, spring. If you ask us, there’s no better time to take advantage of the great Canadian outdoors… that is, if you can snag a reservation. We’ve all heard plenty about Canada’s labour shortage by now, but a new StatsCan report shows that understanding the state of the job market is way more complicated than counting the number of “help wanted” signs. * If you don’t know your j’ai fini from your...
Hard to sell 🌿 — Don’t believe everything you see. Weed is too hard to sell. And Albertans go to the polls. 29.05.2023 12:46
It’s time to update the old warning, “Don’t believe everything you read,” to “Don’t believe everything you see.” Here’s an only-in-Canada story for you: Government officials are worried that it’s too difficult to sell people weed right now. Voters in Alberta will decide on their next premier today in a close election that’s being watched around the country. Celebrating something? Let us know h...
Critical minerals 🪨 — Canadian banks hurt by weak earnings. Falling behind on critical minerals mining. The era of easy returns is over. 26.05.2023 7:15
Our high-level bank earnings summary: “Not great, but things could be worse.” How do you mine critical minerals in Canada? Very slowly , according to one of the largest miners in Ontario’s Ring of Fire. The days of no-questioned-asked returns are numbered, as retailers crack down on one of their biggest profit suckers in a worsening economic climate. Celebrating something? Let us know here: https:...
AI podcasts 🎤 — We’re number one (in debt). AI comes for the podcasters. Why cities can’t have nice things anymore. 25.05.2023 7:03
Sometimes being number one isn’t anything to brag about—take Canada’s household debt situation, for example. There are a lot of podcasts. About 4 million, to be exact. From old roommates to distant relatives to yours truly , starting a podcast has become a right of passage into adulthood. We regret to inform you that city budgets across the country have gotten so tight (relatable) that they’re sta...
Post-plastic 🥤 — Ontario clears path for foreign trained engineers. Welcome to your (sort-of) post-plastic future. And no public inquiry needed. 24.05.2023 7:28
Becoming an engineer in Ontario just got easier (you know, aside from all the math). By the end of this year, plastic straws are set to officially become a relic of the past. After taking a look into allegations of China’s interference in Canadian politics, former governor general (and current “special rapporteur”) David Johnston has decided the whole thing represents an “increasing threat to our...
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