The Peak Daily

A group representing Canadian truckers is sounding the alarm about a scam it thinks has reached a “crisis level.” And unlike a novelty mudflap, it’s no laughing matter. Everyone wants to be a big EV player… as long as someone else pays for it. A startup called Telly has dominated the news headlines after offering a smart TV with a market value of $1,000 for free . The catch? To subsidize your free...

If anything can bring two sides of the aisle together, it’s regulating artificial intelligence. Some surprises are good, like a b-day party or finding a $20 bill in your coat. Others are less good , like a cancelled reservation or a blister. Recent inflation data is one of those surprises. If you thought long weekend travel couldn’t possibly get any more chaotic, think again. Celebrating something...

Vice, which started out as a tiny punk zine in Montréal before becoming the bad boy idol of new media brands, filed for bankruptcy protection . A group of its creditors put in a US$225 million bid to buy the company, an amount that would be covered by existing loans. Western Canada has seen more than 600 wildfires so far this year, but officials say the season is just getting started . The Motion...

A new lawsuit against TikTok owner ByteDance could discredit the company’s primary defence against efforts by some Western lawmakers to ban the app. The Bank of Canada is determined to crush inflation, but that doesn’t mean prices are going back to pre-pandemic levels. For proof, look no further than the used car market. The last year has been tough if you’re a middle-of-the-pack consumer or retai...

Only Softbank Group would lose US$7.2 billion and give itself a little pat on the back. Space startup Vast partnered with Elon Musk’s SpaceX to launch a school bus-sized space station into orbit by 2025, as more private companies race to capture low-orbit real estate. Canada’s search for health care workers continues! Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3T...

After Google’s developer’s conference yesterday, online search might never be the same. Yesterday, Canada unveiled a new passport design that’s sure to draw some double-takes during your next international trip. A new report co-authored by former national security advisor Vincent Rigby found that not only did Canada’s allies leave it out of the AUKUS security pact, they never sent an invite. Celeb...

Developing countries are teaming up to take on the global monetary order as we know it. A pricing dispute in Canada’s crustacean heartland has crabby fishers calling out seafood processors for their shellfishness. It’s once again time to check in on the US debt ceiling debacle. Spoiler alert: Joe Biden and GOP lawmakers are no closer to reaching a resolution on raising the debt ceiling after the p...

The Bank of Canada (BoC) wants to know how you’d feel about swapping those cold hard coins for a less tangible alternative. When it comes to tech regulation, Europe is like the friend who sucks it up and calls the Uber when everyone pretends to stare off into space. Cracking down on AI is no exception. Want to get a free pair of Lululemon leggings? You just have to buy a fake pair first. Celebrati...

In case you weren’t up at 4 a.m. on Saturday waiting with bated breath and a full English breakfast, King Charles III’s coronation was this morning, generating fawning and furor. From the role of AI in the  writers' strike  to IBM’s  hiring freeze , it’s time to talk about how we plan to defend jobs against the robots. Wildfire season has arrived early in Alberta this year, forcing the province to...

After weeks of speculation about the fate of a takeover deal that would make TD Bank the sixth-largest lender in America, the offer is officially off the table. The grocery code of conduct that would govern the actions of Canada’s grocers and their suppliers is in its final draft, but it’s still leaving top grocery critics hungry for more. Celebrating something? Let us know here: https://thepeak.t...

If you’re been looking to gift that special someone a lightly used retail outlet, act fast: nearly half of the now-emptying 65 Bed Bath & Beyond stores in Canada have been snapped up. These days, it’s easy to find yourself in the midst of planning your dream vacation only to checks bank account realize, you know what, a weekend camping trip is actually just fine. While bankers no doubt rejoice...

The Writers Guild of America (WGA)—the union representing 11,500 scribes behind American film and TV—is on strike after failing to reach a new deal with the Alliance of Motion Picture and Television Producers, AKA, the suits that sign their cheques. It’s not every day an NHL team goes up for sale, so interest in buying the Sens is booming. Just in time for the movie about its dramatic rise and fal...

After 12 days of picketing, most striking federal government worker strikes are back on the job. After realizing it couldn’t make a fashion line in partnership with freakin’ Beyonce marketable, Adidas is stepping back to reassess its entire business. British-Canadian computer scientist and University of Toronto professor Geoffrey Hinton —known as one of the three “Godfathers of AI”—stepped down fr...

If you thought there already weren’t enough homes to go around, the Canada Mortgage and Housing Corp. (CMHC) wants you to know  you ain’t seen nothing yet . Faced with a litany of annoying bugs and bewildering product changes, many Twitter users are looking for an alternative—the question has always been, what would that alternative be? The federal government is making it easier for you to win arg...

Since the collapse of Silicon Valley Bank (SVB), it’s been tough sledding for US regional banks… and investors worry that First Republic could be the next to fall . Like a university student with a full course load, Hydro-Québec has taken on too much and is running low on energy… literally. Is commercial real estate the next domino to fall in our creaking global economy? A growing number of signs...

Microsoft’s proposed US$69 billion acquisition of Activision Blizzard is in jeopardy after the UK’s competition regulator delivered, to put it in gamer parlance, a 360 no-scope kill shot. What do Amazon and your ex have in common? Both face accusations of being way too controlling. The company synonymous with “affordable furniture” is working hard to keep it that way. Celebrating something? Let us...

On Alphabet and Microsoft’s earning day, let’s unpack the results… Pizza Pizza isn’t the only Canadian entity heading to Mexico. Soon, Canadian railcars will be making like us on Spring Break and taking trips down south. The contentious Bill C-11, or The Online Streaming Act , is set to pass in the Senate any day now. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3T...

Pizza Pizza opened its first international location in Guadalajara, Mexico, as Canada’s largest pizza chain looks to expand its horizons beyond its provincial borders. If you’re looking to renew your passport, apply for Canadian citizenship, or send a 40-foot shipping container’s worth of stuff anywhere, this might not be your week. The Port of Vancouver is planning a serious update to its operati...

Bed Bath & Beyond, the home goods retailer known for sky-high merch displays and really bright lighting, has finally thrown in the towel and filed for bankruptcy . Apple is expanding its push into the realm of mental health products with a new pre-downloaded app (codenamed Jurassic) that will utilize iPhone usage data to make suggestions for what to jot down If we learned anything from  House...

Every friend group has that one buddy that’s happy to have all the fun but let someone else foot the bill. In NATO, Canada might be that guy . As Public Service Alliance of Canada (PSAC) workers hit the picket line, their fight for higher wages could disrupt more than just your spring travel plans . After over ten years in operation, BuzzFeed has pulled the plug on its news division. Celebrating s...

This year for Snap: Flying selfie drones are out , and everything augmented is still very in. Top travel destinations for 2023: Venice, Maui, Seoul, and… the Moon? In what’ll be the single-most newsworthy strike since Shohei Ohtani’s  final pitch  at the World Baseball Classic, Canada’s federal workers are hitting the picket line. Celebrating something? Let us know here: https://thepeak.typeform.c...

President’s Choice spokesman and Loblaw President Galen Weston will step back from the day-to-day operations of Canada’s biggest grocer after two years at the helm. In the last few days, a new song featuring Drake and the Weeknd racked up over 600,000 Spotify streams and 15 million views on TikTok. The only problem? The artists didn’t make it. There are many reasons to be proud to be Canadian, but...

It’s not often that Google's parent company Alphabet takes an L, but yesterday, shares dropped after news of a potential disaster on the AI chatbot front broke. After ten months of withholding funding, the feds are hoping the black sheep of Canadian sports has turned a new leaf. Fair warning to all the hard-working remote workers (we include ourselves in that mix), this new set of remote work data...

Your car dashboard is shaping up to be the next front in the fight to own the screens we look at all day. When you think of a warehouse, you probably think of rusted shipping containers or movie fights scenes, not a bountiful harvest. Vertical farming may change that perception. Companies are using the “Santa Claus” method to win over customer service reps, i.e. showering them with practical gifts...

Like a pitcher waving off his catcher’s pitch…Canada’s largest diversified miner is repeatedly fending off the advances of an unwanted suitor. The federal government wants a shiny new battery supply chain for electric vehicles (EVs). Capitalizing on Foxconn’s move away from China might be one way to nab it. “How’s the weather out there today?” might be a simple question to ask, but coming up with...