The Peak Daily

Tiff Macklem is nothing if not a man of his word. Despite mounting pressures, the Bank of Canada (BoC) kept its promise and continued to hold steady on interest rates. Canadian tax courts are cracking down on TFSA day trading, taking aim at investors that are doing so well that their trades could be classified as a business activity… well, kind of.  Big Canola is betting that canola oil will be us...

High interest rates are hurting wallets, but there may be an end in sight. Supplement-maker The Bountiful Company will pay a US$600,000 fine to the US Federal Trade Commission (FTC) in a first-of-its-kind ruling against “ review hijacking ” on Amazon. Companies across the country are trotting out all sorts of new incentives to entice workers to trade in their sweatpants and mid-day naps for office...

If you thought tax season couldn’t get any more stressful, the people responsible for getting your returns back are out of office for the foreseeable future. While you were counting sheep, Sleep Country has been busy counting dollars. Something called “The Mr. Big ” tactic has a 95% success rate in jailing criminals, but critics want it banned. Celebrating something? Let us know here: https://thep...

Apple’s first-ever retail store in  India is set to open any day now, but that’s hardly the only move the biggest tech giant is making into the world’s fastest-growing  major economy . When 24 Sussex Drive, the Prime Minister’s official residence since 1951, was  shut down  over health concerns last year, we thought, “How bad could things  possibly  be?” The answer:  mountains of dead rodents  bad...

Don’t freak out, but global investors are staking a lot of money on one of Canada’s biggest banks hitting some seriously choppy waters. To paraphrase The Beatles , we can always get by with a little help from our friends… but maybe we shouldn’t rely on them too much. It will soon be easier than ever for Ontarians to find a doctor with a charming accent. Celebrating something? Let us know here: htt...

The happiest people on earth have joined the West’s most important military alliance. Today in news we wish was an April Fool’s joke , Twitter is **all in on pay-to-play. Canada’s downtown cores aren’t quite ghost towns, but their office buildings are eerily quiet. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

Hot off of WrestleMania , the world’s largest pro wrestling promotion is linking up with the world’s biggest mixed martial arts brand to bodyslam their way to bigger broadcast deals. For Ontario’s Jeremy Hansen, the sky is not the limit. NASA is sending him to [deep space]( https://exploredeepspace.com/deep-space-mission-3/what-is-deep-space/#:~:text=Deep space%3A Beyond the Moon,Earth is 3%2C100%...

The federal government  approved  Rogers’ ~$26 billion takeover of Telus, and slapped down 21 conditions to ensure the deal benefits Canadians. Bombardier Recreational Products (BRP) reported over $3 billion in revenue last quarter, breaking its record set in the previous  quarter  of $2.7 billion. Minister of Natural Resources Jonathan Wilkinson warned of a brewing “subsidy war” between the US an...

We’ve got good news and bad news. Good news: Advances in artificial intelligence (AI) promise to boost productivity and global GDP! Bad news: it could cost you your job. Think bailing out banks seems tricky? China’s been bailing out entire countries , according to a new study. With interest rates and the cost of living way up, at least one important number is going down—the maximum interest rate o...

Kind of like us at an all-you-can-eat sushi restaurant, AI is doing too much way too fast. With warmer weather ahead, Google wants to make sure you don’t get too hot this year. From a green energy push to expanded dental care, the feds put forward ambitious but pricy goals in this year’s budget . They also made it clear who would help pay for it all. Celebrating something? Let us know here: https:...

Strap on a fancy new pair of shoes and step into The Peak’s 2023 federal budget analysis. Like a used car salesman covered in flop sweat in an ill-fitting suit, Twitter is desperately trying to get you to buy what it’s selling. The metaverse might be the next digital media frontier, but Disney has decided to stay put in its Magic Kingdom for now. Celebrating something? Let us know here: https://th...

Do you ever scroll Uber Eats, looking for a well-deserved treat, and stumble upon fake-sounding restaurants you’ve never heard of? Well, they  are  fake… kind of. Officials at the US Federal Reserve and European Central Bank are warning about a potential  lending squeeze  resulting from turmoil in the banking sector. If you’ve been anxious about your household budget lately, take heart: The  feder...

Hockey history is full of iconic rivalries, and the newest one is currently underway: fans vs. the official provider of NHL merchandise. In case bank executives didn’t have enough to worry about these days ( read: near-collapse of  Credit Suisse ) , the Bank of Montréal is also trying to stave off a run against Air Miles. The latest Chinese interference drama has offered us a very valuable lesson:...

Folks, it’s time to talk about Canada’s gross domestic profit as it relates to  you. It turns out, the next “big space” is  literally  just more space. Yesterday, Congress had its first opportunity to grill TikTok CEO  Shou Chew  about the company’s relationship with its Chinese owner, ByteDance, its handling of US user data, and the risks it may pose to teens. And, well, we knew we were in for so...

Today, Joe Biden makes his first official visit to Canada since taking office. He’s set to partake in 24 hours of pure, uncut diplomacy, including an address to Parliament. Next time you tune in to The Bear, The Cougar, The Falcon, the Squirrel, The Yeti, or whatever your local radio station is called, don’t be alarmed if the DJ sounds a little bit off . Let’s take a peek behind the curtain and in...

With everyone from Mountain Dew to Sunny D now slinging hard seltzers, the leader of this overcrowded market is looking to diversify and capitalize on new trends. Ryan Reynolds isn’t the only producer setting up shop in Canada—camera crews are flocking here in droves. After its “ don’t call it a bailout ” bailout for Silicon Valley Bank and Signature Bank depositors, the US government is doubling...

A coalition of central banks, including Canada, the US, the EU, England, Japan, and Switzerland, came together to keep US dollars circulating through an achy-breaky banking system. Book publishers are trying to shut down the Napster of libraries. Starbucks is welcoming a new CEO two weeks ahead of schedule. Laxman Narasimhan will unseat the coffee chain’s founder and three-time CEO Howard Schultz,...

Welcome to the future, where staying out of trouble depends on how well you can impress the government’s artificial intelligence (AI) tools. It’s been a minute since we’ve discussed Canada’s ambitions to become a leader in liquefied natural gas (LNG) exports. How are things going? Honestly, not great. Though we're still upset about Couche-Tard killing off  Mac's Milk , we admit its recent big mone...

It’s not a Happy St. Patty’s for everyone. On the year’s premier drinking day, Big Beer is ramping up a fight with the federal government over a looming tax hike on the sudsy stuff. After Google unveiled some sweet AI Workspace features, Microsoft reasserted its pole position in the AI arms race with a product it claims will “transform work as we know it.” Wide open spaces. Majestic mountains. Che...

Despite bank stocks enjoying a slight but promising rebound on Tuesday, news of a potential funding crunch faced by Credit Suisse quickly put the good news times to an end. Canada’s air travel regulator has been handing out fines left and right, at 10,000 feet and on the ground, amid a surge in customer complaints. In the biggest moon-related conspiracy since “ NASA faked the moon landing ,” one R...

Good news for all you tapwater fans, the US and Canada are moving towards making drinking water free of toxic chemicals. Canada’s banking regulator wants to be kept in the loop as Silicon Valley’s financial crisis ripples out. Canada’s chief science advisor released a report on long COVID , claiming the illness could be a “mass-disabling event” with the potential to ravage healthcare and the labou...

Imagine this: Before you settle in for today’s Silicon Valley Bank (SVB) coverage, you should listen to yesterday’s episode to get caught up. Like any bingeable show these days, you gotta start at the first episode. Does the idea of lab-grown meat weird you out a little? Well, scientists hope the rise in lab-grown dairy could at least help you warm up to the idea. We’re taking it back to Grade 9 c...

We explain the collapse of Silicon Valley Bank. Headlines announcing layoffs continue to crowd our feeds, and yet there are very few signs of cracks in the Canadian and US labour markets…  so, what gives? Remember  floppy discs ? You might not! Used to store data  way  before the cloud and USBs, they haven't been commonly used since the 90s. But they're still kicking. Celebrating something? Let us...

Imagine this: A future where your phone battery is so good that you never have to get through the day on a 10% charge again. Online purchase scams were the leading type of scams in Canada last year, per the Better Business Bureau, but a more dangerous contender is now coming for the crown. An acclaimed researcher has adjusted his happiness hypothesis with inflation, and then some. Celebrating some...

Alberta has introduced new legislation to give itself more power over gun control. Who blew up the Nord Stream pipelines? US officials say they have new clues. We regret to inform you that Twitter drama has reached unfathomably silly new levels. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO