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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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/MNdYA3TOAf 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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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.
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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.
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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
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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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Don’t snooze on cruises 🚢 — Ontario tries to bolster the trades, Cruise IPO sets sail, Houthis expand attacks.
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Ontario is hoping the promise of less time sitting in the classroom will convince more students to swap their notebooks for hard hats. As post-IPO performances from shoe brands and vanity social media platforms disappoint, investors are looking to the Seven Seas for new buys. Celebrating something? Let us know here: https://thepeak.typeform.com/to/…
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Ready to roll — Trans Mountain expansion opens, Businesses are jet-setting, Saying bye to coal.
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For the last decade, the Trans Mountain pipeline has been like the kid that just keeps asking their parents for more money. Today, it finally has something to show for all that cash. After a three-year hiatus, business travellers are wiping the dust off their old carry-ons and saying sayonara to their home offices. Celebrating something? Let us kno…
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Fed-up grocers 🛒 — Fed-up shoppers plot Loblaw boycott. Feds impose new cap on foreign student work hours
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For thousands of Canadians, their relationship with Loblaws has reached the breaking point. Many of us feel like we work too many hours, though almost none of us are told this by the federal government. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TOAf The Peak / Curiouscast
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Prime time 🏀 — Amazon locks up NBA deal, the Yen keeps falling.
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Amazon is spending billions of dollars to make sure fans have to get Prime to watch the Raptors lose. Now might be a good time to book that trip to Japan you’ve been dreaming of because your loonie is going to go a lot further than it used to. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO…
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Productivity problems 📉 — Honda’s $15 billion EV bet, The GDP per capita dips.
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Like a rapper officially releasing a leaked diss track, Honda has dropped a long-awaited project that’s making waves throughout the industry. Even with AI tools, highly caffeinated beverages, and a roster of podcasts eager to tell us all how to work “smarter,” Canadians are in a bit of a productivity slump. Celebrating something? Let us know here: …
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Healthy pop 🥤 — Indigenous investing rises, Healthy pop is popping off.
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8:53
Just like a space probe hurtling through deep space, Indigenous investing is only going up. The way things are trending, a nice fizzy drink could soon replace your morning vitamins. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TOAf The Peak / Curiouscast
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Grocers wanted 🛒 — Feds lure global grocers, A new inflation theory.
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7:45
Things coming to Canada this year: Shake Shack, the Eras Tour, and… a unionized Amazon warehouse? A group of delegates will spend the week in the nation's capital comparing notes on why plastic is, in fact, not so fantastic. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO…
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Tesla slashes prices in major markets. The world’s top-selling EV maker is again cutting prices on popular models by nearly US$2,000 in the U.S., China and Germany as it tries to keep pace in the accelerating ...
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Québec workers reject Airbus contract offer. The roughly 1,300 unionized workers at the Mirabel, Québec Airbus plant have rejected a third contract offer from the plane manufacturer, with almost 70% of members voting against the agreement. The Québec plant manufactures Airbus’ popular A220 passenger plane. (CTV News) China’s Canadian ambassador abr…
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Mob ties 🚔 — The NHL is breaking records. Mob gets busted in Canada.
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You think La Casa Nostra don’t have a piece of da pie in da Great White North? Ayyy, fuhgeddaboudit The only thing more impressive than the player's soon-to-be-grown playoff beards is the total at the bottom of the NHL balance sheet this year. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO…
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Retro kicks 👟 — Raptors scandal highlights worries about sports betting. Retro sneakers are all the rage.
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8:59
It’s a tough day for people who bet on themselves. Business at Adidas is booming this year. If you’re wondering why, just go for a walk around town and count how many pairs of Sambas you see walking the street. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TOAf The Peak / Curiouscast
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Wealth tax 📈 — Tim Horton’s gets into pizza. Feds announce new tax rate.
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8:46
With so many plans already announced, we were left wondering what the feds would actually unveil at this year’s budget meeting. The answer? A tax to pay for all those plans. Canadians' favourite spot for a double-double and an Old Fashioned glazed donut is trying its hand at a new endeavour: pizza. Driving Celebrating something? Let us know here: h…
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Budget day 💸 — Happy Budget Day, one and all. Canada says 'bienvenue' to Francophone immigrants.
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7:23
It’s Budget Day 2024, and the theme for this year is "generational fairness.” While that’s not as exciting a theme as “year of efficiency” or “murder mystery,” it does sound like a nice idea. Everybody knows that Canada needs more healthcare workers, more homebuilders, and… more French speakers? Driving Celebrating something? Let us know here: http…
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Self-driving sale 🚗 — Middle East conflict ratchets up with Iran attack. Tesla slashes prices for self-driving software.
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7:05
Violence in the Middle East escalated over the weekend with an Iranian attack on Israel. Tesla is hoping that a good old-fashioned sale will get more customers to buy into the whole self-driving car thing. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TOAf The Peak / Curiouscast
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Stadium revamp 🏟️ — **The government has been using AI… a lot. Rogers Centre gets revamped.**
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9:01
Much like a lazy student tired of writing essays, the federal government loves using AI. The Jays might have a losing record right now, but their stadium is turning into a real winner. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TOAf The Peak / Curiouscast
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Lies and statistics 📊 — Track and field to pay its Olympic gold medallists. Canada almost as unequal as U.S. when it comes to wealth
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18:32
New hardest way to earn 50 grand just dropped: winning the Olympic 400-metre hurdles. When it comes to inequality, Canada may not be so different from our southern neighbours after all. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TOAf The Peak / Curiouscast
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Crabby 🦀 — Feds pledge billions for AI. It’s a good day to be a crab.
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8:40
Crab fishers in Newfoundland and Labrador are sick and tired of being pinched — not by crabs, but by what they feel are unfair industry pricing practices. The federal government sees your $20 per month ChatGPT subscription and raises it by a couple billion dollars. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO…
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Firepower 🇨🇦 — Canada ups defence dollars. New RBC CFO.
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9:01
After catching flack for not spending enough on defence, the feds fished around their proverbial couch cushions and came up with a hefty chunk of change. While RBC has been focused on formalizing its new relationship with HSBC, a secret relationship among the bank’s highest ranks has shaken up the executive team. Celebrating something? Let us know …
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Throwing shade 🌑 — The solar eclipse economy is booming. Construction is getting entrepreneurial.
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9:59
Total Solar Eclipse 2024: A once-in-a-lifetime chance to witness the celestial event, and a great excuse to stick an Oreo on a doughnut and charge extra for it. With Canada rushing to build housing, it should be no surprise that some entrepreneurial minds feel like it’s a business worth getting into. Celebrating something? Let us know here: https:/…
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Walking back 🛒 — Disney wins its boardroom battle, Amazon cancels walk-out check-out.
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7:48
Disney can return to making magic after showing its critics that Bob Iger is here to stay. In the era of AI, remember this maxim, “If it sounds too good to be true, it probably is.” Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TOAf The Peak / Curiouscast
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EV slowdown 🚙 — Tesla’s nightmarish start to the year. Queens moving to a lottery system for med school.
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8:01
Like a deadbeat dad missing his child’s softball game, Tesla’s sales numbers were a massive disappointment. For many students, getting into med school feels like winning the lottery. And soon, for some of them, it will literally be like winning the lottery. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO…
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Makeover 💄 — RBC takes over HSBC. Schools take social media companies to court.
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7:40
If you spotted an RBC on your commute this morning you could have sworn was an HSBC, don’t worry, you’re not going crazy… The fight to get kids to stop scrolling on TikTok has gone from the classroom to the court. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TOAf The Peak / Curiouscast
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Sentencing day ⛓️ — It’s SBF sentencing day. Canada takes a work trip to Vietnam.
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9:57
Place your bets, folks. Will the fallen crypto wunderkind spend his life behind bars or have a brief stop-over in the big house? Canada is hoping to take its relationship with Vietnam to the next level. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TOAf The Peak / Curiouscast
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Watch and learn 📺 — Spotify is offering video learning. Cocoa prices are going cuckoo.
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8:45
Warning: the Easter Bunny might be dropping off fewer chocolate eggs than usual this year. There could be a new category for your Spotify Wrapped this year: number of new skills and concepts mastered. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TOAf The Peak / Curiouscast
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Record breaking port 🚢 — The Port of Vancouver had a record-breaking year. Air passenger rights head to Supreme Court.
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The Port of Vancouver: It’s huge, it’s salty, it’s not very efficient, and it can teach us a thing or two about the state of Canada’s economy. Canada’s top court is hearing a case about an oh-so-common travel nightmare: flight cancellations. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO…
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