The Peak Daily

At 4:00 p.m. today, Minister (of so many things) Chrystia Freeland will unveil the 2022 federal budget, the first budget announcement since the 2021 election. A new survey of Canadian office workers found that ‘meaning’ and ‘flexibility’ are now the biggest job incentives, with 71% of respondents saying they’d never take a frustrating or unrewarding job—even if the pay was higher. Wealthsimple is...

Canada’s federal employment ministry has annouced changes to a Temporary Foreign Worker (TFW) Program that will increase the number of TFWs allowed into Canada. Amazon is going to head-to-head with SpaceX in the satellite-internet service arena, by securing 83 planned rocket launches that would bring satellites into low-Earth orbit and establish a new satellite-internet service called Kuiper. The...

Just one week after Elon Musk tweeted about giving “serious thought” to building a new social media company, he has become one of the biggest shareholders in Twitter. Famed futurist Nikolas Badminton (who is paid to consult companies like Google and Microsoft) has published a list of the top-paying jobs of 2040 . A US$1 billion biotech fund backed by over 20 major drugmakers has made two investmen...

The federal government raised its carbon tax yesterday by $10, meaning that large-scale emitters like corporations and the oil and gas sector will have to pay more for emitting greenhouse gasses (primarily CO2). After missing a self-imposed deadline for proposing online harm legislation back in February, the federal government has decided to form an expert panel that will meet regularly over the n...

President Biden announced a massive release of the US’s Strategic Petroleum Reserve as the administration tries to combat soaring prices at the pump. One month after Western nations smacked Russia with unprecedented sanctions that put pressure on the country’s financial system and reduced the ruble’s value to an [all-time low]( https://www.reuters.com/markets/europe/russian-rouble-slips-past-100-v...

This week, Meta, the company formerly known as Facebook, announced its  building an engineering hub  in downtown Toronto and will look to hire 2,500 skilled workers to build technology for the metaverse. Remember when things at the dollar store were  actually  $1? That hasn’t been the case at Canada’s largest dollar store chain since early 2009. We explore why. After slow but steady declines in re...

Canada has announced a new emissions plan outlining how it will absolutely, positively meet its net-zero commitments by 2050. Eleven of Canada’s most prominent crypto and Web3 companies including Wealthsimple and Dapper Labs formed an industry council to help grow the Canadian Web3 space and collaborate with the government on creating a unified national strategy for blockchain regulation. Accordin...

The Group of Seven - not the Canadian painters... but France, Germany, Italy, Japan, the US, the UK and Canada, have rejected Moscow’s demands to pay for Russia’s gas exports with rubles Postmedia, which owns more than 120 media outlets across Canada, closed a $16.1 million deal to acquire media publisher Brunswick News, a move to expand its reach to the Atlantic region…and help grow its parcel de...

The EU is passing  the Digital Markets Act (DMA)  a landmark deal that will curb the powers of tech giants, like Google, Facebook, Apple, Amazon, and Microsoft. According to the Canadian Anti-Fraud Centre (CAFC), Romance scams are leaving Canadians heartbroken and broke, totaling  $64.6 million in losses last year . Canada and the UK have begun negotiations on a new and improved  free trade agreem...

Canada’s Natural Resources Minister Jonathan Wilkinson announced yesterday that Canada could increase its oil and gas exports by up to 300,000 barrels per day to help European allies replace Russian oil and gas. Maple Leaf Sports & Entertainment (MLSE) chairman Larry Tanenbaum has submitted an offer to buy the Premier League soccer (or football , if that’s your persuasion) club Chelsea joining...

The Fast Identity Online Alliance (FIDO), an association of tech companies including Apple and Alphabet, are one step closer to making a password-less world a reality, announcing a new development in their technology. Following a victory against organized labour last year, Amazon is facing more union votes this week at a number of their US warehouses. Netflix is hosting The Queen’s Ball, which the...

The federal NDP Party struck a deal with the governing Liberal Party that would see the Liberals remain in power until 2025 in exchange for “progress” on a number of NDP priorities, including pharmacare and a dental care program. Nike’s quarterly results tied up its laces and sprinted past analysts’ expectations in Q3, which is a win not just for the company, but for the viability of the direct-to...

Germany has agreed to a long-term agreement with Qatar for the supply of liquefied natural gas (LNG), hastening the process of Germany cutting ties from Russian energy. Los Angeles restaurateur Andy Nguyen is looking to demonstrate how the power of NFTs can translate into building a real-life brand by opening the first NFT-centred restaurant . Two Canadian biopharma companies (the confusingly name...

Travel companies are preparing for a busy season since the pandemic began, in response to Canada shedding pre-travel COVID tests for fully-vaccinated visitors. Don’t feel like returning to the office just yet? Try telling your manager you’re working from home to save the world from an energy crisis. That’s just one of ten recommendations made by the International Energy Agency (IEA) to encourage p...

No, it’s not all in your head… Statistics Canada reported that food prices rose 7.4% from last February, with Canadians paying more for common items like beef, milk, chicken, and fruits. Russian tech entrepreneurs are launching an Instagram dupe –called Rossgram–to help fill the void left by this week’s block on the Meta-owned picture-sharing app*.* Canadian Pacific Railway has threatened to locko...

Russia failed to pay its dollar bonds yesterday, kicking off a process that will see the country default on its debt if it doesn't make the payments within 30 days. Vancouver-based miner Alpha Lithium is suspending a deal to sell a stake in its lithium mine to a company owned by Russia’s state nuclear energy corporation, per The Logic. The U.S. Senate unanimously voted to pass the Sunshine Protect...

You think it would make sense for the largest producer of plant-based protein (Canada) and the country with the most vegetarians (India) to be two peas in a pod when it comes to trade. Yet, a comprehensive trade agreement between the two nations has never been signed. That could change as Canada and India have announced that they are resuming talks to reach a new trade agreement. A federal governm...

Russian prosecutors threatened several major companies with arrests and asset seizures in response to Western sanctions. Signs of a COVID outbreak across number of cities in China have sent tens of millions of people into lockdown and caused a major Apple supplier to halt operations in the southmost city of Shenzhen, which analysts believe may worsen inflation. As gas prices reach unprecedented he...

Canada’s economy  added 337,000 new jobs in February—blowing past analyst expectations and driving the unemployment rate down to its pre-COVID 19 levels for the first time. Canada’s legalization of single-game sports betting back in August has opened the door for the NHL to sign its first-ever sports betting partner in Canada: sportsbook ProLine+. Hermeus raises $100 million in search of the futur...

Amazon is following the recent lead of Tesla and Google by executing a 20-to-1 stock split. What’s happening to nickel prices right now is so outrageous that experts are comparing it to the “meme stocks” craze back in early 2021. The British Government has stepped up with UK banks shutting out Russian oligarchs, including seizing Chelsea from owner Roman Abramovich and limiting the team’s revenue...

How do you regulate something that was designed to be unregulated? The US government intends to find out as President Biden signs an executive order for the government to devise new regulations for cryptocurrencies. Canadian banks are announcing a collection of new initiatives to help them get to net-zero carbon emissions by 2050. We dig into what that means for you. Match Group-owned Tinder is ro...

Canadians can expect to see higher prices at the pump with the U.S announcing a ban on the importation of Russia oil, further rattling energy markets. Google is putting in an all-cash offer of US$5 billion to purchase cybersecurity company Mandiant—and make up lost ground in the cloud computing space against competitors. The hotly anticipated  Apple Peek Performance Event showcased a list of new f...

As the war in Ukraine escalates, women are playing a growing role in the country’s defence—on the front lines, in parliament, and beyond. The most recent data released in the World Economic Forum’s Global Gender Gap Report shows that it will take the US and Canada 61.5 years to close the gender gap. The federal government pitched its $27 billion childcare plan as a way to save families money and m...

There’s not much Canada can do to bring down soaring energy prices in the short term because our export capacity is maxed out at least that’s according to Canada’s Environment Minister Steven Guilbeault. The Biden administration has finalized a new ‘Buy American’ rule—an initiative aimed at boosting American manufacturing that could hurt Canadian businesses. As remote work shifts to hybrid models,...

New day, new economic penalties against Russia: Canada is imposing a 35% tariff on goods imported from Russia and its ally Belarus as the feds look for new ways to respond to the invasion of Ukraine. Canada’s transportation regulator has launched an investigation into Edmonton-based Flair Airlines, surrounding potential issues around foreign control. Frito-Lay's standoff with Loblaw has left an (u...