The Peak Daily

IKEA invested $115 million in Toronto-based Bolt. Elon Musk held a Twitter poll on whether he should sell $20 billion in Tesla stock. Helion Energy raised US-$2.2 billion to commercialize its fusion energy technology. 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 Chang and Jay R...

A BC Supreme Court judge ruled that Edward Rogers can replace five of the independent directors of Rogers, which gives Ed, the son of founder Ted Rogers, full control of the company. Pfizer announced that its pill to treat COVID-19 had been found in clinic trials to be highly effective. Tesla is opening a battery equipment plant in Ontario, its first Canadian site. Celebrating something? Let us kn...

Former central banker Mark Carney has built an alliance of 450 companies who pledge to focus their investments on achieving net zero carbon emissions. Montreal-based tech darling Lightspeed POS is struggling as its stock tanks 30% after the company released a poor revenue forecast. And a judge has denied Canadian celebrity-chef Mark McEwan’s restructuring plans for his restaurant, grocery and even...

Toronto-based Float raised $37 million from investors, including Tiger Global. Crypto mining company Compass is opening a new mining operation in Ontario. Voters in Maine have rejected a proposal for a new power corridor which would carry Quebec hydroelectricity to New England. Celebrating something? Let us know for a shoutout here: https://thepeak.typeform.com/to/GuHjLDoa The Peak Daily is produc...

Generac buys Toronto-based Ecobee for $770 million after the company struggled to compete with Google and Amazon. Two companies are vying for a potential acquisition of Vancouver-based Millennial Lithium Corp. And consumer groups and Bell are urging Canada's telecom regulator to hold off on an upcoming hearing of the Rogers-Shaw merger. Celebrating something? Let us know for a shoutout here: https...

The Rogers family feud is going to the BC Supreme Court as Ed Rogers fights for control. Digital Currency Group raises $700m to become the 'Standard Oil of Crypto'. And Rogers and Videotron are suing each other over breach of contract. 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 Bre...

The G20 met in Rome to discuss pandemic relief and initiatives to fight climate change. The Canadian Dairy Commission recommends that regulators raise dairy rates to account for higher costs on raw materials. And a bad earnings quarter has lost Apple their title as the world's most valuable company. Celebrating something? Let us know for a shoutout here: https://thepeak.typeform.com/to/GuHjLDoa Th...

Shopify missed earnings expectations after a record year. Vancouver's Hootsuite is considering raising $200 million to go public. And Facebook changes their name to Meta to reflect their pivot to a metaverse company. 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 Chang and Jay Ro...

The Bank of Canada announced that they'll be ending their stimulus program and quantitative easing. Ottawa-based Fellow raises $24 million for their meetings SaaS tool. And the University of Toronto announces that their endowment is divesting from fossil fuel investments. Celebrating something? Let us know for a shoutout here: https://thepeak.typeform.com/to/GuHjLDoa The Peak Daily is produced by...

Tim Hortons latest earnings report shows a drop off of sales in downtown cores while a surge in demand in suburban and rural areas as Canadians continue to work from home. GM is building up 40,000 charging stations in the US and Canada to better compete with Tesla. And George Weston is selling their bread business to FGF Brands for $1.2 billion, marking the end of a bread era. Celebrating somethin...

Quebec-based Cenderel bought Cominar REIT in a sign that commercial real estate is once again on investors' radar. E-sports content creators Faze Clan are going public in a $1 billion deal. And Hertz is modernizing their fleet with a 100,000 Tesla purchase. Celebrating something? Let us know for a shoutout here: https://thepeak.typeform.com/to/GuHjLDoa The Peak Daily is produced by 306 Media Produ...

Martha Rogers is going public with complaints over her brother Ed Rogers' conduct. Snapchat's underperforming earnings may signal challenges for Facebook and Twitter. And Toronto-based Q4 raised less than anticipated ahead of their IPO. 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 Br...

The Rogers family is creating a Canadian version of Succession as they fight over the future of the company. Retailers like Amazon and Ikea have committed to only using zero-emission shipping by 2040. And Roku argues that Google is using anti-competitive practices over its Youtube TV negotiations. Celebrating something? Let us know for a shoutout here: https://thepeak.typeform.com/to/GuHjLDoa The...

Inflation in Canada hit 4.4% due to the rising costs of housing, transportation and food. Doctors successfully transplanted a pig kidney into a human after genetically modifying it. And investors are looking into whether the stablecoin Tether has enough US dollars in reserve. Celebrating something? Let us know for a shoutout here: https://thepeak.typeform.com/to/GuHjLDoa The Peak Daily is produced...

VTS is buying Toronto-based real estate software firm Lane for $200 million as workers start returning to the office. KKR and Dundee Partners buy a catalogue of 62,000 songs including tracks by Lorde and The Weeknd. And Spin Master is launching a $100 million fund to invest in the next big toy. Celebrating something? Let us know for a shoutout here: https://thepeak.typeform.com/to/GuHjLDoa The Pea...

Twitter is looking to grow their engineering team in Canada as they launch new products. Canadians are paying more for flights as airlines continue to adjust to post-pandemic travel. And Apple announced new Macbooks and Airpods today. 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...

Canadian home sales increased for the first time in six months. A Bitcoin ETF is about to launch in the US for the first time. And Drake expands his investments into cannabis. 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 Chang and Jay Rosenthal .

Inovia raises a new $334 million fund. Canopy Growth Corp buys to option to buy Wana edibles. And LinkedIn is leaving China after a government crackdown on the platform. 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 Chang and Jay Rosenthal .

After nearly two years of closure, the US is about to reopen the land border to traffic from Canada. China's crackdown against cryptocurrencies has made the US the newest destination for mining operations. And Toronto's Rose Rocket raised $25 million for their transportation management software. Celebrating something? Let us know for a shoutout here: https://thepeak.typeform.com/to/GuHjLDoa The Pe...

Montreal-based Dorel sounds a pack of iconic bike brands to a Dutch holding company. Sony and Taiwan Semiconductor Manufacturing Company are building a new chip facility in Japan. And Magic Leap raises $500 million to build their futuristic headsets. Celebrating something? Let us know for a shoutout here: https://thepeak.typeform.com/to/GuHjLDoa The Peak Daily is produced by 306 Media Productions...

Canadian David Card co-wins the Nobel Prize in Economics for his natural experiments in the study of policy and economic theory. Netflix and Walmart are partnering to create merchandise from your favourite shows. And Notion, founded by UBC grad Ivan Zhao, raises $275 million for expansion into clients. Celebrating something? Let us know for a shoutout here: https://thepeak.typeform.com/to/GuHjLDoa...

Lululemon is bringing their Mirror product to Canadian stores. Freshbooks is buying German FastBill to drive international expansion. And Rent The Runway is going public on the NASDAQ. 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 Chang and Jay Rosenthal .

Hackers released Twitch's source code, security info, and creator earnings, making for an uncomfortable day for the streaming platform. Regulators are trying to regulate stablecoins to ensure they hold enough of the underlying asset. And a report released says that Canada's not even close to meeting our climate goals. Celebrating something? Let us know for a shoutout here: https://thepeak.typeform...

Dapper Labs buys Brud to acquire software to help them launch their first Decentralized Autonomous Organization (DAO). Saskatoon-based Coconut Software raises $28 million to expand in North America. And Korean drama Squid Games is the most watched show on Netflix. Celebrating something? Let us know for a shoutout here: https://thepeak.typeform.com/to/GuHjLDoa The Peak Daily is produced by 306 Medi...

Facebook was down for a full day and we still don't know why. The Pandora Papers expose how the super rich evade domestic taxes. And Volvo is planning to go public to 'accelerate' their all electric transition. 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 Chang and Jay Rosentha...