The Peak Daily

<p>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.</p>

Ports in a storm 🚢 — Ottawa puts an end to port strikes. Canada’s hydro exports are drying up.

For the second time in less than three months, Ottawa is stepping in to stop a pair of potentially catastrophic strikes.  Canadian hydro exports are running drier than our mouths after a high-stakes presentation.

11-13
05:40

Climate funds ☀️ — This climate summit is all about the money. Free public transit picks up traction.

As the Wu-Tang Clan once elegantly deduced, “Cash rules everything around me, C.R.E.A.M.” That mantra is also the theme of the UN’s COP29 climate summit, which kicked off yesterday as global ministers and climate experts touched down in Baku, Azerbaijan.  As cities across Canada grapple with lower ridership, one town in Ontario seems to have found a solution.

11-12
06:23

Bell’s new buy 📞 — Bell buys its way into the U.S. Big Oil could get an emissions cap.

Bell is taking a pricey shot at expanding its Canadian dominance south of the border.  The feds have put another feather in their carbon-cutting cap.

11-05
11:21

Bottoms up 🍷 — Winemakers push back on teetotalling. Buffett is stacking his cash.

With wine consumption plummeting to a 27-year low, the industry is trying to make people feel better about indulging in a bottle of vino. The Oracle of Omaha has gazed into his future and seen a lot of cash.

11-04
17:28

Loonie lunacy 💵 — The loonie hits a four-year low, Cruise lines invest in private islands.

Like the Jack-o’-lantern starting to rot on your porch, the loonie isn’t looking too good this morning. As cruise companies continue to rake in record profits, they’re setting their sights on what could be the industry’s next big play: private islands.

11-01
05:06

Up in the air 🛫 — U.S. economy stays strong ahead election. Canada welcomes back Chinese flights.

As Kamala Harris and Donald Trump gear up for election day, one factor could decide the race. To quote the legendary political strategist James Carville: “It's the economy, stupid.” After a year of talks, China and Canada have made progress on increasing flights between the two countries as pandemic-era restrictions and political spats fade.

10-31
11:00

Big fish 🐠 — Shopify is trawling for bigger fish. Robots may help Canada's housing crisis.

The Canadian e-commerce company that got its start selling snowboards online is expanding beyond mom-and-pop shops.   Could the solution to Canada’s housing shortage lie in robots picking up the slack?

10-30
06:21

Sick day 🤒 — Doctors are sick of sick notes, Canada Post strike

The only people who hate sick notes more than under-the-weather employees? The family docs who have to sign them.  Rain, hail, and sleet might not stop mail couriers from delivering letters, but a strike could.

10-29
07:21

Doors Closed 🚪  —  Ottawa slows its roll on immigration, Everybody wants to know about the weather

For the first time in over a decade, Ottawa is planning to reduce the number of new immigrants entering Canada. New numbers from The Weather Network confirm what we already knew to be true: everybody is obsessed with checking the weather. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

10-25
06:41

Québec vs. Goldman ⚜️ —  A fight over Northvolt money, The return of the house hippo.

Swedish EV battery maker Northvolt is — to use a highly technical financial term — in deep doo-doo. The federal government convened 200 leaders from the public and private sectors at Hotel Bonaventure in Montréal this month to share ideas on strengthening the country’s workforce. The friendly house hippo that taught Canadians not to trust everything they see on TV has found itself a new gig. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

10-24
06:28

Deciding factor 🗳️ —  Democrats campaign in Canada, Soccer fandom goes international.

With the U.S. presidential election less than two weeks away gulp, canvassers are busy going door-to-door to get the word out in… Windsor, Ontario? The Major League Soccer (MLS) playoffs kicked off last night, but the league was already popping champagne after notching the best regular season in its 27-year history. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

10-23
06:35

Edible Content 🍗 — Restaurants get into streaming and digital duties.

There’s a (very slight) chance that the next series you binge will be a Chick-fil-A original. Canada is trying to bring the system responsible for collecting $40 billion a year in tax revenue into the 21st century, but a new digital portal is causing confusion for shippers. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

10-22
18:39

Race day 🏃‍♀️ — Running boom and presidential predictions.

Marathons are becoming so popular that race bibs are starting to get resold like they’re Oasis reunion tour tickets. Opinion polls may show a tight race between Kamala Harris and Donald Trump, but on upstart prediction markets, Trump has suddenly become a heavy favourite. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

10-21
07:40

Out at sea 🌊 — BRP is letting its boat biz drift out to sea , Inuktut finds a home on Google Translate

The company behind Ski-Doo wants to burn more rubber, shred more pow, and ride fewer waves. The language spoken by over 39,000 Inuit people across Canada has been added to the world’s go-to translator. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

10-18
06:43

Spilled Milk 🥛 — Canada is spilling billions of litres of milk, The feud over bike lanes heats up.

Canada has been wasting more milk than a toddler refusing to use their sippy cup. Ontario has a new idea to cut down on traffic in case plans to build the world's biggest highway tunnel don’t pan out. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

10-17
19:08

House of The Rising Sphere 😀 — Spheres Spheres everywhere, investing is extremely online.

The Sphere, the 366-foot-tall domed venue in Las Vegas with an eye-catching LED exterior, is getting a sister location A growing number of young folks are getting their investment advice from the same place they shop, date, and fawn over videos of baby hippos: the internet. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

10-16
06:48

Mountain Views ⛰️ — Alberta’s plan to save the view, SpaceX catches a rocket

Alberta is hatching a plan to preserve their mountain views at the cost of renewable energy. SpaceX flexes it’s muscles, catching a rocket. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

10-15
08:23

Looking Up 🌌 — The northern lights economy is booming. TD hit with record money laundering penalty.

More people are trading in Disney World vacations and Caribbean cruises for a chance to see the dancing green and purple skies in some of Canada’s most remote communities.  TD Bank Group is facing the largest money laundering penalty handed to a bank in U.S. history.

10-11
06:01

Breaking up 💻 — Regulators want Google to split. Couche-Tard bumps up its 7-Eleven bid.

Good morning. We’re hosting a competition at the Bet on Canada Summit in Toronto on November 5 to narrow down the companies where people actually like working. With bonus season around the corner, we can’t think of a better way to get in your boss’s good books.  Submit your pitch here.  If U.S. regulators have their way, Google Chrome could become just Chrome. One of Canada’s most valuable retailers is doubling down on its bid to become the king of convenience.

10-10
05:53

Roaming over 📱 — Regulator cracks down on $16-a-day roaming fees. Algorithms are the new boss.

Canada’s telecoms regulator wants to end the reality of alarming phone bills after a weekend trip to the States.  Kissing up to your boss in the months leading up to bonus season might become a thing of the past as algorithms increasingly take over compensation decisions.

10-09
06:01

Hamid

Killing time by spending it on TikTok? Really???? Maybe a better suggestion? Like reading books, or doing sth better?

10-12 Reply

Hamid

The Crown has about 56B$ of assets. Why commonwealth citizens should provide money for the Crown at all?

09-12 Reply

Hamid

Because of all the complex and long processes that IRCC has for providing visas to skilled workers to come and live in Canada and contribute to its economy, lots of skilled workers are heading to Europe, because EU's policy to grant work permits is very quick and effective these days. For a long long time, Canada has even been delaying the permanent residency and citizenship grant applications of people who lived here and worked and payed their taxes for more than 6-7 years, and government is not even trying to fix it. Instead , they are only pouring more money to IRCC and wasting more taxpayers money on this. We will see the effects of these policies on Canadian businesses in next 5-10 years.

04-06 Reply

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