The Peak Daily

Tensions between Russia and Ukraine have escalated over the past week as Russian troops mobilize at the border. A tornado ripped through an Amazon warehouse over the weekend, killing six people. Vancouver-based Dapper Labs debuted a new NFT marketplace called The Warehouse with "avatar technology" company Genies. Celebrating something? Let us know for a shoutout here: https://thepeak.typeform.com/...

Top executives and founders are selling shares in their companies at levels never before seen. U.S. data showed inflation  reaching  the highest level in almost 40 years. NASA launched an X-ray telescope into space last week to study black holes. Celebrating something? Let us know for a shoutout here: https://thepeak.typeform.com/to/GuHjLDoa The Peak Daily is produced by 306 Media Productions . Ho...

Canada Pension Plan Investment Board (CPPIB) struck a US-$1 billion deal to invest in single-family homes in the U.S, the pension fund's first entry into the market. A recent report found that the average grocery bill for a family of four will jump by $966 in 2022. Credit rating firm Fitch Ratings declared Evergrande is  in default after it missed deadlines for coupon payments, or the interest it...

The Ontario government is proposing changes to how it consults with Indigenous groups in the North to accelerate building a road to the Ring of Fire. Amazon Web Services (AWS) suffered an outage earlier this week , taking down thousands of Amazon's own services and other websites. Cryptocurrency executives testified before Congress yesterday. Celebrating something? Let us know for a shoutout here:...

Canada's trade surplus jumped to $2.09 billion in October, the biggest jump since 2011. Quebec-based Medicago's COVID-19 vaccine showed promising results in its tests. Canada is expanding its federal vaccine mandates to more businesses next year. Celebrating something? Let us know for a shoutout here: https://thepeak.typeform.com/to/GuHjLDoa The Peak Daily is produced by 306 Media Productions . Ho...

Canada's ambassador to China, Dominic Barton, is stepping down from his role at the end of December. Over 60% of Canadians don't think our central bank can tame inflation. And the SEC is investigating Tesla over claims that their solar panels are defective. Celebrating something? Let us know for a shoutout here: https://thepeak.typeform.com/to/GuHjLDoa The Peak Daily is produced by 306 Media Produ...

Statistics Canada's  employment data  for November says the economy is heating up and jobs are plentiful. Shares in Chinese ride-hailing business Didi  plunged  by nearly 20% on the news that they would delist from the New York Stock Exchange and instead list on Hong Kong's exchange. Canada's Weston Family, the owners of Loblaws, is selling British department store Selfridges to a Thailand-based c...

Textbook publishers sued Shopify yesterday over the sale of pirated education materials. Major League Baseball is in a lockout after failing to agree on a new labour agreement. And Canada Goose workers in Winnipeg voted to unionize. Celebrating something? Let us know for a shoutout here: https://thepeak.typeform.com/to/GuHjLDoa The Peak Daily is produced by 306 Media Productions . Hosted by Brett...

Canada's telecom regulator said its introducing new tech to reduce spoofing. BC-based General Fusion, one of the world's leading nuclear fusion companies, raised US-$130 million. Vancouver-based Klue raised US-$62 million from investors, including Tiger Global. Celebrating something? Let us know for a shoutout here: https://thepeak.typeform.com/to/GuHjLDoa The Peak Daily is produced by 306 Media P...

Canada's GDP grew at an annual rate of 5.4% last quarter. UK regulators are demading Facebook parent company Meta to sell Giphy. Vancouver-based software startup Spare raised $18 million to build out their micro-mobility software. Celebrating something? Let us know for a shoutout here: https://thepeak.typeform.com/to/GuHjLDoa The Peak Daily is produced by 306 Media Productions . Hosted by Brett Ch...

Canada is teaming up with Mexico to challenge the U.S.' rules to determine where car parts are made. Twitter CEO Jack Dorsey is stepping down and appointing Parag Agarwal as his successor. And Nissan is launching a US-$18 billion electric vehicle initiative. 

The word of the day is: Omicron. That's the name  assigned  by the World Health Organization to a new COVID "variant of concern." Canada Goose, the Toronto based premium winter jacket brand, was the number one  trending topic  on Chinese social media this week with posts about the brand garnering more than 240 million views. Customers are getting more comfortable with new buy now, pay later (BNPL)...

The US is doubling duty rates on Canadian softwood lumber producers. Canadian Pacific and Canadian National have restarted operations in BC, but delays to shipments could last for months. Canada's labour market has over 1 million job vacancies as businesses struggle to scale up after COVID. Celebrating something? Let us know for a shoutout here: https://thepeak.typeform.com/to/GuHjLDoa The Peak Da...

Elizabeth Holmes testified yesterday during her trial. T he Bank of Canada believes investors are adding to price gains in the housing market. Vancouver-based Mangrove Lithium raised $12.6 million from investors, including Bill Gates. Celebrating something? Let us know for a shoutout here: https://thepeak.typeform.com/to/GuHjLDoa The Peak Daily is produced by 306 Media Productions . Hosted by Bret...

TC Energy Corp, the developer of the Keystone Pipeline XL, not to be confused with Keystone Pipeline Medium wants $15 billion from the U.S. government. NASA and SpaceX will try to redirect an asteroid tomorrow. Vancouver-based Rhino Ventures announced a new $120 million fund to invest in Canadian companies. Celebrating something? Let us know for a shoutout here:  https://thepeak.typeform.com/to/Gu...

Uber Eats entered the cannabis market for the first time in its history in Ontario yesterday. The Biden administration nominated Fed chair Jerome Powell for a 2nd term. Rogers may sell part of its stake in the Toronto Blue Jays and the Rogers Centre. Celebrating something? Let us know for a shoutout here: https://thepeak.typeform.com/to/GuHjLDoa The Peak Daily is produced by 306 Media Productions...

The aftermath of the worst flooding in decades in B.C. is causing major troubles across the province. Air Canada is spreading its wings to fly out of the government's nest once again,  announcing  Friday it won’t continue to draw on the fed’s airline bailout program. The Women's Tennis Association is  threatening  to pull out of China if missing tennis star Peng Shuai is not located. Celebrating s...

Live from the Bet On Canada Summit. Yesterday PM Justin Trudeau met in person with President Joe Biden and Andrés Lopez Obrador for the first time since the pandemic. Toronto-based HiMama raised $70 million in a Series B round. A group of people have created a decentralized autonomous organization to bid on a rare copy of the U.S. constitution. Celebrating something? Let us know for a shoutout her...

Rogers' board removed their CEO Joe Natale in the midst of a regulatory review of their takeover of Shaw. Quebecor is moving ahead with its plans to launch a national wireless service which should give customers more options. Apple will begin allowing customers in the U.S. to repair their own devices. Celebrating something? Let us know for a shoutout here: https://thepeak.typeform.com/to/GuHjLDoa...

Floods in BC may cause delays at the Port of Vancouver, Canada's largest port, which could spell big trouble for our supply chain. Ontario-based Clutch raised $100 million in new funding to grow their used car business. A Russian weapons test created 1,500 pieces of space junk that's now threatening astronauts in the International Space Station. Celebrating something? Let us know for a shoutout he...

Oil giant Shell is moving its headquarters from the Netherlands to the U.K. in a move to shake up its business structure. IBM released its largest quantum computing processor ever as they gear up to launch their first quantum computer in 2023. A private equity firm is buying mattress company Casper to try and turn the brand around. Celebrating something? Let us know for a shoutout here: https://th...

Pressure is ramping up on top execs of Quebec companies to get a better grasp on both official languages. World leaders signed a new climate agreement at the COP26 summit, which wrapped up over the weekend. Taylor Swift released her re-recoded album, Red, as she battles with private equity firms to regain control over her music. Celebrating something? Let us know for a shoutout here: https://thepe...

Ontario-based Telesat plans to go public in Canada to support their Low Earth Orbit expansion plans. A union for thousands of workers at Cargill, a beef plant in Alberta, said they plan to strike next month. EV maker Rivian's valuation jumped to US-$86 billion in its public debut yesterday. Celebrating something? Let us know for a shoutout here: https://thepeak.typeform.com/to/GuHjLDoa The Peak Da...

U.S. inflation hit 6.2% in October compared to year before, the fastest increase in 30 years. Ontario-based generic drugmaker Apotex is considering a sale. And Evergrande's grace period to pay interest payments to overseas bond holders expired yesterday, meaning the second largest developer in China is now in default. Celebrating something? Let us know for a shoutout here: https://thepeak.typeform...

Amazon Web Services will open its second Canadian location in Calgary. Health Canada approved Pfizer's booster shot paving the way for province's to begin administering to the whole population. Shell will begin constructing a solar farm in Alberta next year to power its new refinery. Celebrating something? Let us know for a shoutout here: https://thepeak.typeform.com/to/GuHjLDoa The Peak Daily is...