The Peak Daily

Ever loan a friend some cash just to see them splurge on some questionable purchases a week later? The federal government has found itself in a similarly awkward situation. We knew that the growth in Canadian youth unemployment was bad, but we didn't realize it was ‘worst among the world's biggest economies' bad.

Being inside with no air conditioning during a heat wave sucks. The world's top central bankers are warning everyone that stable coins are not-so-stable. 

Buy Canada has come for scrolling and posting. You wouldn't think the financial meltdown of a U.K. utility would inflict billions in losses for some of the largest Canadian investors, but that's exactly what the demise of Thames Water is doing.

Canada's competition watchdog wants to fly in some international reinforcements to shake up the country's airline duopoly. Critics are worried that Canada's newest law will lay an egg.

Podcasting is so last year. These days, anyone who's anyone has their own phone company. Like a restaurant with a fresh Michelin star, Canada is suddenly tough to get into.

Investors are betting big that autonomous vehicles are here to stay. Hate to break it to you, Dolly Parton, but these days you're lucky to be working a 9 to 5.

A new automaker is looking to bring a splash of French panache to Canada's EV market. You know the economy's in a weird place when Beyonce tickets and late-night DoorDash orders are getting financed like mortgages.

A tragic plane crash in India has cast a dark shadow over the aviation world. The Supreme Court of Canada is about to decide if clicking “I agree” actually means you read or understood a single word of the terms and conditions.

The world's two biggest economies have managed to hash out their trade differences… for now. Why have a macchiato when you can have a jacked-iato?

If one of Canada's biggest developers gets his way, it might not be long until every new house on your block is assembled in three days like a giant Lego set. For over a decade, news publishers have basically built their business models around generating traffic on Google Search. Turns out, this may have been shortsighted.

Mark Carney rode promises to unify and grow Canada's economy all the way to the prime minister's office. Now comes the difficult part: actually doing it. One of the rising stars of Canada's startup scene has slowly burned out.

With a $2 trillion succession tsunami on the horizon in Canada, Indigenous entrepreneurs are getting their chance to take the reins of mom-and-pop shops across the country. Amazon's newest parcel carriers won't be interested in any small talk when they drop off your package. In fact, they won't even be capable of it.

One of the world's most storied newsrooms is opening its doors to anyone with an opinion and a laptop. B.C. now stands for Building infrastruCture. (Okay, that was a stretch, but you get the gist.) 

Buckle your proverbial seatbelts, because the global economy is heading for a rough patch, and Canada is set to get rocked. The fashion world's hottest trend? Getting hacked.

Meta is close to handing the reins of its ~US$160 billion ad business to the robots. Once a rite of passage and revenue lifeline for musicians, touring is becoming more of a financial coin flip than a guaranteed payday.

With his global tariff agenda in legal jeopardy, Donald Trump is doubling down on some of his original trade targets. After a 355-year run, Hudson's Bay Company is closed for business.

A series of court rulings has thrown Donald Trump's global trade war into legal limbo. The guiding philosophy of the new Liberal government's approach to infrastructure projects is the same one as Larry the Cable Guy's: “Git-r-done.”

With landlines collecting dust and cable TV hanging by a thread, Bell is betting big on its next act: powering AI models. Bitcoin is back on the menu for Big Business.

Constant air traffic outages at Newark Liberty International Airport might be making all the headlines these days, but the situation at home is also raising tempers. The hangover from Canada's decades-long debt party is starting to hit — and it's a rough one.

Foreign investors have pulled back from Canada's stock market like they put their hand on a hot stovetop. Chinese automaker BYD is leaving Tesla in the dust in yet another major car market.

Chronic online shoppers, beware: your budget hauls could get a lot more expensive. The fate of 300-odd ostriches in B.C. has become a cause célèbre for animal rights activists

Welcome to the unofficial Canadian summer job program. The first (and only) step: getting ghosted by every prospective employer. A B.C.-founded company was one of the stock market's biggest winners yesterday as it promises to do the near-impossible: deliver non-hypothetical uses for quantum computing.

Canada Post looks like it's entering its angsty teen phase: confused, broke, and in the middle of a serious identity crisis. Not only is Canada's Armed Forces struggling to get recruits in the door, but many of those who do give military life a whirl are deciding it's not for them.

What makes a TV show Canadian? Answering that is more confusing than you might think. What do you get when you mix natural gas, Indigenous equity, and a $400 million loan guarantee? A surprisingly feel-good pipeline story.

Canada's uphill battle to meet NATO's defence spending target looks like it's about to get a lot steeper.  Robinhood is looking to assemble a merry band of Canadian crypto traders. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

Mark Carney put his stamp on his new government with a cabinet made up mostly of new faces. The wheels are starting to come off Canada's $57 billion EV bet. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

In the strongest showing of American-British solidarity since the Spice Girls posed with the stars and stripes, the U.S. and the U.K. have squashed their burgeoning trade war. Canadian school boards have learned the first lesson of cyber warfare: Never trust the word of a hacker that's extorting you. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

Only time will tell if today's meeting between Canada's PM and America's prez was the start of a beautiful friendship. With record players, film cameras, and vintage video games all back in style, a struggling staple of Canadian malls is hoping that a dose of nostalgia can turn things around. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

Lights, camera… confusing tariff action! On the precipice of an ugly boardroom battle, one of Canada's largest retailers is trying to pull off an 11th-hour deal. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

Your dad's favourite store is looking to scoop up the scraps of Canada's oldest company. Canada's biggest city will be a testing ground for a new type of delivery driver. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

The separatist movement in Québec may be dying down, but in Alberta, the idea of a divorce from Canada is picking up steam. A two-decade-old movie was the second-highest-grossing film in North America this past weekend. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

Yesterday marked President Donald Trump's 100th day in office for his second term. A two-decade-old movie was the second-highest-grossing film in North America this past weekend. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

New AI tech promises to make acing interviews or closing sales calls easier. Unfortunately, that convenience may come at the cost of rotting your brain.  A massive power outage left much of Spain, as well as Portugal, cloaked in darkness. 

Like squirrels storing nuts for the winter, Chinese e-commerce sellers are turning to Canada to hoard goods in response to frosty conditions. Tesla investors are hoping Elon Musk is finally giving his bureaucracy chainsaw a breather. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

Election AI slop isn't just flying around on Facebook pages — it's coming for your Kindles.  Vancouver restaurants, Victoria breweries, and Tofino beaches might be a tad more crowded this summer. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

Catholics — and fans of the Oscar-winning hit Conclave — are awaiting a big decision. When it comes to tech, breaking up with U.S. suppliers is hard to do. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

We are one big step closer to a weight-loss pill that actually works. Social media fitness app Strava isn't able to give great workout advice - but that's about to change. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

Amid recession worries, a global trade war, and a softening job market, Canadians aren't buying homes. Just like shoppers at the grocery store, Canada's pension funds are feeling a little uneasy about buying American at the moment. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

Farms around the world could lose their go-to weed-fighter any day now. Antitrust regulators want Facebook, Instagram, and WhatsApp to block and unfollow each other. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3T

“Liberation Day” is here — we wish you could see how hard we just rolled our eyes — with the U.S. ready to enact sweeping tariffs. Rogers will spend $11 billion to hold onto one of the country's most cherished pastimes: watching hockey.

In our best Milhouse from The Simpsons voice Remember Napster? It's back! In metaverse form. It may not have a lab coat or indecipherable handwriting, but AI is starting to make waves in the healthcare space. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

The game plan for what U.S. President Donald Trump has dubbed “Liberation Day” is being flipped on its head. The maker of 2017's hottest holiday gift is in dire straits. 

The campaign to determine who will form the next government (and whether poor Charles Tupper will lose his spot as Canada's shortest-tenured Prime Minister) is officially on. You can add pilots to the list of national shortages Canada needs to solve.

Canadians who swore off U.S. travel in response to tariffs are evidently quite serious about their pledge, and airlines are starting to feel the impact. Drug makers like Aspen Pharmacare, Sandoz Group, and Hikma Pharmaceuticals are racing to put out cheaper, generic versions of popular drugs used for weight loss. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

The federal government took the phrase “an eye for an eye” to heart, wasting no time responding to the U.S.'s 25% tariffs on Canadian goods and 10% on Canadian energy. One of Canada's biotech hot spots is hoping a shiny new research hub will help bring more of the [US$2.8 trillion](https://thoughtleadership.rbc.com/canadas-biotech-reboot-how-to-keep-the-vital-life-sciences-sector-strong/#:~:text=Supported by a world-class,growing%2C high-value field.) global life science business to the city. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

The NHL's 4 Nations Face-Off hockey tournament begins tonight, with Canada taking on Sweden at Montréal's Bell Centre.  Canadian airlines are probably hoping that the “Buy Canadian” movement includes travel. 

Just when we thought we were safe, a fresh round of U.S. tariffs is on the way.  The third annual AI Action Summit wraps up today in Paris as global leaders and AI industry big-wigs chat about innovation over croissants and cafe au laits.  

From switching up groceries to relocating weddings, Canadians are looking to spend their cash outside of the U.S.  Like John Hughes in the '80s, Canada's tech industry is writing its own coming-of-age story. 

We have good news, and good-ish news: full-bodied California reds are back on LCBO shelves, and President Donald Trump will delay slapping tariffs on Canadian goods until at least March 1.  Later this month, Tim Hortons will bring back its iconic Roll up to Win cups after a years-long hiatus. 

A possible breakthrough in China could put an end to the AI stock rally that one U.S. analyst called “one of the greatest spending binges in human history.”  Vail Resorts, the owner of ski resorts including Whistler Blackcomb, is veering off-piste.  Plus an interview with Cisco and the Wiikwemkoong Unceded Territory.

Entrepreneurship in Canada is on the rise if you only look at organized crime. Canada Post projects it will lose $900 million this year, with losses expected to balloon to $1.7 billion by 2029. What's a national postal service to do?