The Peak Daily
The Peak / Curiouscast
300 episodes
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.
Episodes page 1 of 6
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Picking up steam 🚂 — Canada and the U.S. are talking trade deals, Dubai eyes the Port of Churchill.
Canada-U.S. trade negotiations pick up steam as midterms loom. Plus, Dubai state giant DP World eyes a role in developing the Port of Churchill. And in the big picture, Microsoft offers voluntary buyouts to 60,000…
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A bad habit 🎰 — Ontario has a gambling problem, AI missing much of the economy.
Lawmakers vote this week on gambling ad restrictions as problem gambling and related suicides spike in Ontario. Plus, new analysis shows AI productivity gains and bottom-line payoffs remain limited outside the tech…
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Turkey shoot 🦃 —Canada gets closer with Turkey, Banks are nervous about AI agents.
Canada and Turkey get serious about trade and defence during Mark Carney’s historic visit to Ankara. Plus, major banks move to restrict AI agents from accessing customer accounts over rogue spending concerns. And in…
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Failure to launch 🚀 —Trump walks back Bombardier ban threat
Trump backtracks on his Bombardier ban threat as Canadian tariffs emerge as a key issue in U.S. midterm elections. Plus, financial researchers use Claude AI to design a novel scorpion antivenom in just days. And in…
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Who Me? 💸 — AI giants are taking over philanthropy, The NBA is betting on new rules
AI giants like Anthropic, SpaceX, and OpenAI are launching massive philanthropic initiatives to counter public backlash and job displacement concerns. Plus, the NBA is introducing strict new betting restrictions to…
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The back nine 9️⃣— Albertans vote on more than independence, Waymo is coming to Canada.
Albertans head to the polls today to vote on potential independence alongside nine other major policy questions. Plus, Waymo begins testing its autonomous robo-taxis in Toronto, eyeing a service launch by 2028. And…
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Blowin’ in the wind 🍃— Cohere makes a big European purchase, Nova Scotia has wind power goals.
Cohere is continuing its European expansion by acquiring Czech cybersecurity firm Aisle to bolster its sovereign AI platform. Plus, Ottawa is committing $100 million to spur offshore wind power development in Nova…
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Scammers and spies 🥸— Big banks and telecoms roll out anti-fraud platform, OpenAI roots out a spy.
Big banks and telecom giants are joining forces on a new anti-fraud platform to tackle rising scam losses across Canada. Plus, an OpenAI engineer was arrested by the FBI for allegedly placing bugging devices in…
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Bring it on home 🏠— Apple unveils its smart home hub, Dominion Dynamics inks Ukraine defence deal.
Apple is betting big on the smart home market with its new US$299 HomeView hub, featuring a revamped Siri assistant and facial recognition technology. Plus, Canadian defence startup Dominion Dynamics signed a deal…
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Electric dreams 🚗 — Geely coming to Canada, European supermarket cyberattack
China’s second-largest automaker, Geely, is gearing up to start selling EVs in Canada next year, marking the first major push by a Chinese car manufacturer into the Canadian market. Plus, hundreds of supermarkets…
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Private matters 🪧 - Tech companies protest lawful access bill, Ottawa tightens MAID requirements.
Signal and DuckDuckGo are threatening to leave Canada over Ottawa’s proposed lawful access bill, warning that giving police easier access to users’ digital information could undermine privacy and security — while law…
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Toothaches 🦷 - Dentalcare needs a checkup, AI’s uneven benefits in the workplace.
Canada’s dental care plan is leaving some patients with a bill they weren’t expecting: millions have enrolled, but financial barriers and denied claims are complicating Ottawa’s promise of “free dental care” — even as…
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Buying Canadian-ish 🇨🇦 - Ottawa struggles to Buy Canadian, lab Lleak in Russia
Ottawa’s push to buy Canadian is running into some hard limits: nearly a third of federal procurement dollars have gone to American-controlled companies since Mark Carney took office, as a shortage of homegrown…
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📈 Stirring the pot
On today’s podcast, U.S. political operatives are building ties with Alberta separatists — what could that mean for Canada? Plus, Florida’s proposed property-tax changes could leave Canadian snowbirds with a bigger…
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This time, it’s personal 🍔 - Another Canadian prediction market, McDonald’s gets personal with pricing.
Canada could soon get another regulated prediction market as Verdx seeks approval to offer event contracts to retail and institutional investors — though strict rules barring bets on politics and sports could make it…
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Miner threat ⛏️ - A Canadian mining project is in peril, OpenAI gets sued over rogue AI agents.
Panama is considering reopening First Quantum Minerals’ Cobre Panama copper mine — but only long enough to fund its eventual closure — dealing a major blow to one of Canada’s largest miners and adding pressure to an…
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You can’t spell apocalyptic without IPO 🧟♂️ - Anthropic’s doomy IPO prospectus, Canada’s financial crime regime needs work.
Anthropic is targeting a record-breaking $2 trillion valuation for its expected November IPO, even as its prospectus reveals staggering losses, soaring infrastructure costs, and warnings from CEO Dario Amodei that the…
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New unicorn 🦄 - Canada has a new billion-dollar AI company, Prada turns tourism operator.
Toronto-based Biossil has become Canada’s newest AI unicorn after raising US$153 million in a round led by OpenAI, betting that artificial intelligence can find new uses for drugs that failed in late-stage clinical…
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Time out ⏰- OpenAI pauses training for its new models, China has cracked the 5-minute EV charger.
OpenAI has paused training on its most powerful models as it and Anthropic investigate tens of thousands of incidents involving rogue agents bypassing safeguards, escaping sandboxes, and taking actions they were never…
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We’ll take it from here 👐- AI giants link up to regulate each other, Empire agrees to end property controls.
Three of the world’s biggest AI companies are forming their own safety group to set standards for frontier models, as a string of rogue-agent hacking incidents raises pressure on the industry to prove it can control…
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Vouch for me 👍- LinkedIn rolls out features to fight fake profiles, Cineplex gets a new CEO.
LinkedIn is rolling out new tools to crack down on fake identities, bogus work histories, and invented credentials, including a feature that lets former colleagues and classmates vouch for one another and a way for…
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High gear ⚙️- BlackBerry runs the auto software game, Helping companies break into defence.
BlackBerry’s comeback is shifting into high gear with a landmark US$100 million-plus deal for its new automotive software, a bet that the former smartphone giant can turn its foothold in connected vehicles into a much…
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Meet me in the middle 📍- Carney pushes his middle powers pitch, Greek discount chain comes to Canada.
Canada is rallying middle powers and developing countries around a new coalition aimed at strengthening cooperation on security, trade, AI, and global challenges — the latest step in Mark Carney’s push to build…
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Rock and roll 🤘- Newfoundland draws Hollywood productions, Parliament is back in action.
Newfoundland’s film and television industry is booming as Netflix’s Below becomes the latest Hollywood production to shoot in the province, bringing jobs, local spending, and the potential for a major tourism boost.…
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📈 Mr. Carney goes to Strasbourg
Mark Carney lays out a bold vision for a new Canada–EU alliance — from seamless digital trade and critical minerals cooperation to shared AI safety protocols and sovereign compute. We’ll break down what “sovereignty”…
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📈 Get it together
Canada’s AI champion Cohere moves to scale up and stake its claim in “sovereign AI” by finalizing merger terms with Germany’s Aleph Alpha — a deal that could reshape the AI landscape. Plus, Salesforce launches an AI…
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📈 Super → Mega
In today’s episode of The Peak Daily, Jay breaks down Ottawa’s new “Productivity Mega Deduction” and what it could mean for major projects like pipelines, mines, data centres, and infrastructure. Then, Airbnb launches…
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Appetizers are served 🍤- The Investment Summit Gets Underway, Controlling AI
The first day of Canada’s Investment Summit brought a wave of new commitments from banks, investors, and businesses, offering early signs that Ottawa’s push to unlock as much as $1 trillion in capital may be gaining…
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Taking it slow 🐢- AI companies hit the pause button, Carney’s investment summit kicks off.
AI’s biggest companies are pledging to slow the development of frontier models and open their systems to independent evaluators, an unprecedented attempt to keep increasingly powerful technology from outrunning the…
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Order in the court 👩⚖️ - Canada’s courts want to stop throwing out cases, AI doomsday fears grow.
Canada’s Supreme Court is weighing whether judges can use alternative remedies instead of throwing out criminal cases when trials take too long, a change that could prevent thousands of cases from being stayed while…
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Alarm bells 🔔 - Ex-Anthropic employee gives grave AI warning, BMO comes for challenger banks.
Anthropic researchers are warning that frontier AI systems could pose an existential threat within the next decade, as concerns grow that models are nearing the ability to improve themselves while leading labs remain…
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Keep your friends close 🇪🇺 - Canada and the EU deepen ties, Standardized test scores take an alarming dip.
Canada and the European Union are reportedly preparing a far-reaching new partnership designed to bring them as close as legally possible without Canada joining the bloc, deepening trade, defence, and political ties as…
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Choo choo 🛤️ - Via Rail is getting a makeover, Canada looks into Indian snack warehouse raids.
Ottawa is spending $4.7 billion on 313 new Via Rail passenger cars, part of a major fleet overhaul aimed at improving reliability and comfort — though freight-train priority and track ownership will continue to cause…
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Trauma bond 📉 - Bond market troubles continue, Ontario fines SeatGeek under new ticket law.
Global bond yields are surging as investors worry about inflation, government debt, and the war in Iran, raising questions about whether bonds can still play their traditional role as the safe foundation of the…
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Spineless 📚 - AI companies are destroying old books, Apple-OpenAI spat heats up.
Canadian used booksellers are seeing suspicious bulk orders that may be tied to AI companies buying, scanning, and destroying old books for training data, as the industry hunts for human-written text uncontaminated by…
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John Apple 🍏 - Apple’s new CEO takes the reins, Canada struggles to get its defence bank going.
John Ternus is taking over as Apple CEO after Tim Cook’s 15-year run, inheriting pressure to restore the company’s reputation for breakthrough innovation as it falls behind in AI and prepares to unveil a foldable…
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Unforced errors 🎾 - Tennis players want a bigger cut, rogue AI agents sound alarms.
The U.S. Open is set to bring in as much as US$800 million, but tennis players receive less than 15% of tournament revenue — far below athletes in major team sports — fuelling demands for a bigger share and threats of…
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Big brains 🧠 - Canadian universities poach A-list academics, Nvidia is buying Hugging Face.
Canada is luring dozens of world-leading researchers away from prestigious U.S. institutions with more than $500 million in funding, a talent grab that could help reverse the country’s slide in university rankings and…
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Human reserved 🏷️ - Loblaw brings back country-of-origin labels, Bill Gates is paranoid about AI.
Loblaw is bringing back country-of-origin labels and tariff markers after backlash from shoppers, as grocers face growing scrutiny over “maple-washing” and consumers look for clearer ways to buy Canadian. Plus, Bill…
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The fog of (trade) war 😶🌫️- The feds unveil tariff plan, Canadian researchers can’t seem to make money.
Canada’s federal government has unveiled its retaliatory tariffs against the U.S. alongside $7.5 billion in relief measures for workers and businesses, matching American levies on more than 700 imported goods as the…
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Raise the stakes 😤 - Trump threatens 50% auto tariffs, Thomson Reuters launches its own AI model.
Trump is threatening to crank tariffs on Canadian autos, auto parts, and steel to 50% in January, a sign the White House is prepared to drag the trade war into the new year after talks with Canada collapsed. Plus,…
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Tit-for-tat 🤑 - Canada-U.S. trade deal falls apart, Walmart is betting on in-house fashion brands.
Canada-U.S. trade negotiations have collapsed after last-minute American demands, prompting Mark Carney to accuse the U.S. of waging a trade war and setting up retaliatory Canadian tariffs if new duties on exports…
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Community engagement 📢 - Anthropic sells Alberta on data centres, Fighting prediction market insider trading.
Anthropic is hiring in Canada as it looks to build AI data centres here, including an Alberta-based community engagement role meant to win over towns where residents are increasingly wary of the facilities’ costs,…
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Pause ⏯️ - Trump pauses tarrifs, Former Leafs captain takes the CRA to court.
Trump is pausing a major tariff hike on Canadian imports after a tentative deal was reached, giving negotiators three more days to hammer out the details — including possible concessions on Keystone XL, autos, dairy,…
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All rise 🧑⚖️- Meta begins landmark legal fight, Government bonds are in chaos.
Meta is defending itself against a landmark lawsuit from 29 U.S. states accusing Facebook and Instagram of harming young users, a case that could bring massive penalties and force a redesign of core social media…
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Imax-maxxing 📽️ - Imax is having a very good summer, Russian disinformation trolls target Alberta.
Movie theatres are “Imax-maxxing” as Christopher Nolan’s The Odyssey drives a boom in premium-format ticket sales, giving the Canadian large-screen company its strongest stretch in years. Plus, new research finds…
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Puck portfolios 🏒- A new NHL investment product, The world can’t get enough of Canada’s water bombers.
Volatility Shares wants to launch ETFs that let investors bet on the performance of NHL teams, turning sports fandom into a tradable product that could fit inside registered accounts and blur the line between investing…
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Birds of a feather 🦩- Flock has a stalking problem, Drama at Canada’s only unionized Amazon facility.
Surveillance tech company Flock is adding new guardrails after reports that police officers used its licence-plate tracking system to stalk women, raising fresh concerns about how AI-powered camera networks can be…
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Change of Aeroplan 🛩️- Air Canada sells Aeroplan stake, Youth unemployment is now a global problem.
Air Canada is selling a 25% stake in Aeroplan to a group led by Blackstone and CDPQ in a deal that values the loyalty program at more than $10 billion — more than the airline itself — as carriers increasingly lean on…
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