Fast Canadian business news. Get up-to-speed quick with a fun and smart breakdown of the three biggest Canadian and global business stories in less than 10 minutes.
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Belly-up 🏢 — Canada’s biggest purpose-built concert venue, Businesses are dropping like flies.
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17:36
Concert industry leviathan Live Nation is constructing Canada’s largest purpose-built concert venue. Canadian businesses are shutting their doors at a rate the country hasn’t seen since the start of the pandemic.द्वारा The Peak / Curiouscast
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Big tunnel 🛣️ — Ontario could be getting a giant traffic tunnel. Canada works to secure vaccine independence.
17:11
17:11
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17:11
Ontario is kicking the tires on an infrastructure project that will make the province's $16.8 billion GO train expansion look like a cute side project. Like a well-prepared bartender on a Saturday morning, Canada is taking steps to ensure that it won’t run out of shots.द्वारा The Peak / Curiouscast
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Basement ban 🌊 — Montréal has a basement problem, Qualcomm flirts with Intel takeover.
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10:15
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10:15
Basements are great for pool tables, wine cellars and mini-stick rinks, but renting them out as apartments could soon be a thing of the past. They say it’s always darkest before the dawn — or in beleaguered chipmaker Intel’s case, before the buy-out offer.द्वारा The Peak / Curiouscast
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Wage gains 💵 — Border smuggles take to TikTok, Get ready for some wage gains.
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6:55
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6:55
You can buy anything on TikTok these days: galaxy projectors, novelty egg cookers, and detailed instructions on how to illegally enter another country. As wages grow, Canadians could find themselves with a bit more money in the new year.द्वारा The Peak / Curiouscast
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Sporty and rich 🏒 — Rogers now owns men’s sports, VC investments lose their shine.
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6:34
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6:34
Friends, family, and loved ones, we’re gathered here today to pay our respects to the work-from-home era. Today in predictable news: A province’s decision to let more than 4,000 convenience stores start selling alcohol continues to stir up controversy. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO…
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“Reasonable” AI 🤖 — OpenAI releases a better model, Lululemon threatened to leave.
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5:56
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5:56
OpenAI’s top-secret AI model (weirdly code-named Strawberry) is finally seeing the light of day. Lululemon says it wants to keep its headquarters in Canada but is keen on continuing to recruit talent from elsewhere. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TOद्वारा The Peak / Curiouscast
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Slow build 🏡 — Canada continues China crackdown, Amazon gets into budget groceries.
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6:31
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6:31
According to Transport Canada, there’s something fishy about the air cargo shipments coming from Europe lately. And no, we’re not talking about crates of Italian sardines. For many years, Rexall has been living in Shoppers Drug Mart's shadow, but the chain’s new ownership could help revitalize its position in the Canadian market. Celebrating someth…
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Degree return 🎓 — Returns on some degrees is shrinking, Torontonians lose to fake taxis.
7:49
7:49
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7:49
According to Transport Canada, there’s something fishy about the air cargo shipments coming from Europe lately. And no, we’re not talking about crates of Italian sardines. For many years, Rexall has been living in Shoppers Drug Mart's shadow, but the chain’s new ownership could help revitalize its position in the Canadian market. Celebrating someth…
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Suspicious cargo ✈️ — New rules on European cargo, Rexall has a new owner.
5:48
5:48
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5:48
According to Transport Canada, there’s something fishy about the air cargo shipments coming from Europe lately. And no, we’re not talking about crates of Italian sardines. For many years, Rexall has been living in Shoppers Drug Mart's shadow, but the chain’s new ownership could help revitalize its position in the Canadian market. Celebrating someth…
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Table for one 🍴 — Restaurants react to solo dining, China goes after Canadian canola
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7:07
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7:07
Eating by yourself at a restaurant used to be a shameful experience that let all the other diners know you were a friendless social pariah. Nowadays, it’s a totally normal thing to do. In the latest round of Chinese-Canadian trade warfare, China is hitting Canada where it really hurts: its 20 million acres of canola fields. Celebrating something? L…
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Power hungry 💻 — Alberta wants to host Big Tech’s data centers .More than half of Fortune 500 companies say AI poses a risk to their business
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With data centers expected to soon use as much power as all of Japan, Alberta is pitching itself as the perfect home for the energy-intensive setups. Like a nervous teenager before a first date, big companies are more scared than excited about the impact of AI on their business. Celebrating something? Let us know here: https://thepeak.typeform.com/…
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Baguette bags 🥖— Scotiabank moves into the U.S., A retail play by fast food brands.
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7:36
Scotiabank should grab some sunscreen and an RV, as it’s the latest of Canada’s big banks to act like a snowbird. Filipino fast food chain Jollibee has launched a new merch line complete with everything from mascot T-shirts to dog accessories. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO…
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Off the rails 🚞 — Railway workers’ strike could be a runaway train. Bidding war for healthcare workers heats up.
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7:31
When it comes to averting a strike, Canada’s two largest railway operators are running out of steam. The worker shortage in Canada’s healthcare system has gotten so dire that rural towns are now shelling out NHL draft-level signing bonuses to try and bring in doctors. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO…
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Missing bars 🍫 — Disappearing Melona bars, BYD eyes Canadian market
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Melona bars successfully went from cult fave to grocery freezer mainstay. But why have the cool and creamy Korean desserts been so hard to find in stores over the past month? As the feds weigh slapping steep tariffs on EVs made in China, BYD has decided to set its sights on the Canadian market anyway. Celebrating something? Let us know here: https:…
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Treaty settlements 💵 — Ottawa could owe $126B, New movies make millions. “Deadpool & Wolverine” reverses the movie summer slump
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7:04
A landmark Supreme Court ruling could set a new bar for the costs of economic reconciliation in Canada. Less than a year after releasing The Marvels, the worst-performing film in Marvel’s history, the superhero studio has landed the best opening box office weekend of 2024. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNd…
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Tech tumbles 📉 — Technology stocks take a tumble. Bank of Canada cuts rates again.
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7:10
In the 2003 hit movie Freaky Friday, a mother and daughter played by Jamie Lee Curtis and Lindsay Lohan wake up one morning and find their lives have been switched. In March 2022, Bank of Canada Governor Tiff Macklem said aggressive rate hikes were needed to quickly tamp down inflation, but that they’d only be temporary. Celebrating something? Let …
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A record setting raise 💸 — Investors dust off their chequebooks. Greenwashing needs a clearer definition.
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Here’s something to celebrate: After a year of penny-pinching tied to high interest rates and economic uncertainty, money is flowing into Canadian technology companies again. Not sure what “greenwashing” is? Canadian companies are right there with you. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO…
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Big ZZZs 💤 — A deal to buy Sleep Country, Airlines aren’t making money.
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6:23
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6:23
Sleep Country is putting its run as a public company to bed. The Farnborough International Airshow, one of the world’s largest aviation trade shows, kicked off yesterday amid some industry turbulence. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TOद्वारा The Peak / Curiouscast
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Potayto, potahto 🗑️ — Ford chooses pick-ups over EVs.
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6:34
Like a legacy rock band trying to cater to their audience, Ford is sticking to the hits at the expense of the new stuff. Alberta may be known mostly for its mountains, big steaks, and rodeos, but these days, it’s found itself a new claim to fame: potatoes. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO…
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Waste-less 🗑️ — Home construction slows, Grocery giants tackle food waste.
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6:57
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6:57
Nearly every government in Canada — at all levels and all political stripes — say they want more houses built. New data from the Canada Mortgage and Housing Corporation (CMHC) shows the opposite is happening. More grocery stores in your neighbourhood could soon be offering you oddly shaped tomatoes and soon-to-be-expired cartons of yogurt for cheap…
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Weekend getaway 🚢 — Speeding up digital payments, New cruise ship focuses on weekend energy.
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Canada is the only G20 country without an updated digital payments system. Interac’s new CEO wants to change that ASAP. The world’s second-largest cruise ship will make its maiden voyage this week, but it won’t be a long one. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO…
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Target practice 🎯 — Canada promises to hit NATO defence target, AI goals are fuelling layoffs.
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21:58
After being the NATO punching bag this week in D.C., Canada has finally given its allies what they wanted… sort of. AI really is taking away jobs, just not in the way you might think. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TOद्वारा The Peak / Curiouscast
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Where’s my charge 🚗 — New chargers coming. Etsy pivots away from rivals in e-commerce race.
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23:11
A plan for a continental electric vehicle charging network is bringing together big names like it’s a Team USA basketball roster. The go-to site to buy quirky Christmas gifts for your friends and family is leaning back into its homemade, one-of-one vibe. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO…
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On the nose 👃 — Walmart introduces sensory-friendly hours.
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8:22
Will future generations know the unrivalled thrill of getting a crisp $50 bill from your grandma on your birthday? We’re not so sure. Walmart has made itself more attractive to shoppers who hate bright fluorescents and buzzing PA systems. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO…
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No wheels 🚗 — Uber wants you to give up your ride. Canadian space tech developer lands $1 billion funding.
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NASA’s next moon mission will be getting a (literal) hand from a Canadian company. Kind of like when John Lennon asked us to imagine life without possessions, Uber is asking Canadians to imagine life without a car. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TOद्वारा The Peak / Curiouscast
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Bus business 🚌 — Risky bus-iness. Canada must step up to realize its green hydrogen dreams.
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7:20
The wheels on the bus go round and round… as long as the bus operator can stay in business. Canada wants to be a top-three global green hydrogen producer by mid-century, but like your buddy training to run a marathon this year, a lot of work still needs to be done. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO…
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Temporary residents 🇨🇦 — Has Canada reached peak immigration?
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7:29
Canadian employers are planning to hand out fewer promotions this year than in 2023, leaving less opportunity for a new crop of entry-level employees to get their foot in the door. Canada’s surge in temporary residents might be, well, temporary. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO…
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Money bags 💰 — Canadian households got richer last quarter.
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With foreign fast food brands like Shake Shack, Pret A Manger, and Jersey Mike’s entering the Canadian market in recent months, the battle for your lunch money is getting heated. Western countries are taking the ‘if you can’t beat ’em, tax ’em’ approach to Chinese electric vehicle competition. Celebrating something? Let us know here: https://thepea…
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Peak oil 🛢️ — How to stop Chinese EVs. Stopping the Chinese EV takeover.
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7:49
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A new report paints a future where oil will be less like ‘black gold’ and more like ‘black tin’ — still valuable, but not that valuable. Western countries are taking the ‘if you can’t beat ’em, tax ’em’ approach to Chinese electric vehicle competition. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO…
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Banana energy 🍌 — Canada Growth Fund makes its next pick. IPO now stands for ‘I’d-rather-go Private, Okay’.
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7:02
A Calgary-based company that promises to turn banana peels into electricity, is the latest name to sign a deal with Ottawa’s clean energy investment arm. Newcomers to the Toronto Stock Exchange (TSX) are filing out like bar patrons after last call. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO…
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Hollywood treatment 🎥 — Amazon launches an NHL show. Regulators planning AI crackdown.
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7:37
In the days leading up to the Stanley Cup Final, ****Prime Video has announced it’s launching a new NHL docuseries. With company values skyrocketing and their CEOs acting like rock stars, U.S. regulators are ready to rein in the AI giants. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO…
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Taking off 🚀– Boeing sends a capsule to space, Gordie Howe Bridge nears completion.
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After years of hard work and numerous setbacks, Boeing has sent astronauts into space — and without any windshield cracks or doors blowing off. After nearly six years of construction, the biggest bridge to ever connect Canada and the U.S. is now just 11 metres away from completion. Celebrating something? Let us know here: https://thepeak.typeform.c…
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Streamer tax 💵 – Interest rate decision day is here, Streamers ordered to fund Canadian content
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8:13
With inflation stabilizing below 3% and the economy slowing, Bank of Canada (BoC) Governor Tiff “Big Mack” Macklem is expected to finally cut its policy rate today from 5% to 4.75%. Paw Patrol has been doing a great job carrying the Canadian film industry on its back lately, but Ottawa is keen on bringing in some reinforcements. Celebrating somethi…
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Second wind 💨– An Olympics competitor sprints to the front. A second wind for Canadian power.
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6:37
In track and field, nothing inspires elite athletes more than the chance at eternal glory… though $150,000 could prove even more inspiring. Hydro-Québec should start calling itself Hydro-and-Wind-Québec — on account of all the dang windmills it’s planning to build. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO…
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Hanging up 📞 – **“Alberta is calling” may have backfired. Banks earnings season comes to a close.**
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8:23
With the promise of cheap housing and good jobs filling subway and billboard ads across the country, herds of young people have moved to Alberta’s comparatively cheaper pastures. Canadian lenders are still feeling the effects of high interest rates on earnings, but more deal-making helped offset losses — even as the mean ol’ Bank of Canada waits to…
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Movie hangover 🎥– Barbenheimer box office hangover, Windsor’s plan to save its downtown.
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7:41
This past weekend, Canadian and U.S. box office numbers were down 40% compared to last year, after disappointing new releases by both Furiosa and Garfield. In fact, it was one of the weakest Memorial Day weekends seen at the movies since the early 1980s. As cities across Canada grapple with high office vacancy rates, Windsor has rolled out a $3.2 m…
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No baggage ✈️ – WestJet rolls out cheap seats, Shein and Temu imports are overwhelming.
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Air travel is starting to feel more and more like building a Chipotle bowl: If you want the good stuff, it’s going to cost you. Online bargain bin giants like Shein and Temu have benefitted from long-standing tax breaks forgoing duties on foreign packages under a certain price threshold, but that might soon end. Celebrating something? Let us know h…
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Low risk 📊— Troubling times for Lululemon, Pension plans are lowering risk.
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7:57
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7:57
Tariffs recently announced by the U.S. on a slew of Chinese imports have forced Canada to answer some tough questions about its climate plans. Western Canada has seen an early start to the wildfire season, but some new high-tech cameras are proving to be a powerful weapon for fighting the flames. Celebrating something? Let us know here: https://the…
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Trade tribulations 🚙— Canada has a tariff dilemma. AI cameras notch assist in wildfire fight.
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7:56
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7:56
Tariffs recently announced by the U.S. on a slew of Chinese imports have forced Canada to answer some tough questions about its climate plans. Western Canada has seen an early start to the wildfire season, but some new high-tech cameras are proving to be a powerful weapon for fighting the flames. Celebrating something? Let us know here: https://the…
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Up in flames 🔥 — Phoenix is burning cash, Via Rail ridership is up.
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8:39
Jumping on the train might seem like a nice alternative to a traffic jam… until you realize your train is also sitting in a traffic jam. Unlike the mythological bird of the same name, the federal government’s Phoenix payroll system is not going to rise from the ashes. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO…
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High fashion 🧥 — Canada Goose gets creative. Netflix gets into the NFL.
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7:03
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7:03
Canada Goose — the iconic Canadian brand that began by making jackets for park rangers before pivoting to making status symbols for Bay Street traders — is getting even bougier. The value of global sports TV contracts is set to reach US$62.4 billion this year. The NFL alone accounts for ~20% of that total. Celebrating something? Let us know here: h…
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Northern lights 🌌 — Solar storm exposes risks for farmers. Ontario will start banning car thieves from driving.
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A powerful solar storm over the weekend created more than a brilliant light show for people across the country — it also caused technological headaches for farmers. To curb rising auto theft in the province, the Ontario government is taking a page out of our parents’ playbook and threatening to take away driving privileges: A new law will introduce…
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Encoure 📈 — Meme stocks vie for an encore. Cineplex leans into premium experiences.
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7:52
GameStop shares surged ~72% yesterday after Keith Gill, the man best known for driving the meme stock mania of 2021 under the name “Roaring Kitty,” came back onto social media after a three-year hiatus. As of writing, the X post has attracted more than 16 million views. Movie theatres hope that adding a few bells and whistles will distract you from…
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Business students 👩💼 — The business of international students. El Niño is ending soon, but summer is still looking hot.
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8:00
Despite glaring labour shortages in sectors like healthcare, education and skilled trades, Canada has long favoured business students when granting international student visas. On the docket for this summer: worship the sun, rediscover that you have a personality, and… the weather pattern change you learned about in Grade 8? Celebrating something? …
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Lethal lemonades 🍋 — B.C. re-criminalizes public drug use. Canadian cities tease car-free summer.
8:01
8:01
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बाद में चलाएं
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पसंद
पसंद
8:01
Don’t do illicit drugs in public in B.C. It’s, once again, illegal. And also, ya know, dangerous. Once crowned the world’s coolest street, a bustling stretch of Montreal’s Wellington Street will be off-limits to cars this summer. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO…
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Fired up 🔥— Northvolt protests get extreme, Intact is fireproofing homes.
7:37
7:37
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बाद में चलाएं
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पसंद
पसंद
7:37
If you’re having a bad start to the work day, at least be grateful you don’t have to deal with Molotov cocktails at the workplace. Intact, a property insurer, is launching a pilot program to reduce wildfire the damage to homes in Western Canada this year. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO…
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Dirty laundry 🧺 — Wegovy comes to Canada, TD embroiled in U.S. investigation
9:12
9:12
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बाद में चलाएं
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पसंद
पसंद
9:12
After filling doctors' prescription pads in the U.S., Wegovy is taking its talents north of the border. For well over a year, Bay Street wondered what TD had done to find itself at the heart of a U.S. money laundering probe. After a long, mysterious wait, we’ve got some answers. Celebrating something? Let us know here: https://thepeak.typeform.com/…
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