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The Peak Daily

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.

  1. Lost a leap ⏱ — We’re losing a leap second.There’s a new sick day law. And a controversial weight loss drug is about to hit the market.

    Tuesday, November 22nd 2022

    The International Bureau of Weights and Measures (BIPM)-the group that quite literally decides what time it is-voted to [abolish the leap second](https://www.nytimes.com/2022/11/19/science/time-leap-second-bipm.html#:~:text=It was devised as a,allow Earth to catch up.). On December 1, a new law comes into effect guaranteeing ten paid sick days a year for employees in federally-regulated industries like banking, telecoms, and air transport. Several major biotech players are moving fast to develop obesity drugs to snag their share of a market that analysts say could be worth US$50B annually by 2030. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

  2. Robot writing ✍️ — Is it the end of the housing downturn? Notion is adding AI writing. And Canada needs to bolster our presence in the arctic.

    Thursday, November 17th 2022

    Is it the beginning of the end of Canada’s real estate downturn? RBC thinks so. Cult-favourite note-taking platform Notion launched a private alpha test for its newest product, Notion AI, which can generate written content with a single prompt. Canada is ill-equipped to detect ships in its Arctic waters, and the country’s Auditor-General is pointing fingers at the federal government for not doing enough to address the problem. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

  3. Four day workweek 4️⃣ — You’re not getting enough sleep. Unilever is experimenting with the four-day workweek. And Xi is trying to cool down nuclear tensions.

    Monday, November 7th 2022

    In exchange for not seeing the sun after work until spring, you’re now getting an extra hour of sleep—and the odds are, that’s something you desperately need. Unilever, the multinational giant that owns brands like Ben and Jerry’s and Dove, is the biggest corporation yet to give a big thumbs up to the four-day workweek. China’s president Xi Jinping has gone from having “concerns” over the war in Ukraine to telling Russia to knock it off with the nuclear threats. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO Join us for a live recording of The Peak Daily at the Bet on Canada Summit on November 8th. Buy tickets here: https://readthepeak.com/events/bet-on-canada-2022 The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

  4. Friendship ⛴ — Trade partners are friendshoring. Old school banks are reinventing themselves. And Meta is selling Giphy.

    Wednesday, October 19th 2022

    Friendshoring is on the rise as Western countries start shifting trade to friendly partners to cut dependence on totalitarian regimes, most notably China and Russia. Goldman Sachs, one of the world’s most important financial institutions, is restructuring its business to streamline work and improve its digital offerings. Meta is selling Giphy after UK regulators ruled that its ownership of the popular GIF platform restricts consumer choice and hurts competition both in the ad and social media markets. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO Join us for a live recording of The Peak Daily at the Bet on Canada Summit on November 8th. Buy tickets here: https://readthepeak.com/events/bet-on-canada-2022 The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

  5. 2 stars ⭐️ — Is the Michelin Star all it’s cracked up to be? Offices are having trouble filling them with people. And an 18 year-old hacked Uber.

    Monday, September 19th 2022

    If you’ve been on the internet this week, there’s a good chance you already know that the Michelin guide awarded its first Canadian stars to 13 restaurants. Offices are back up and running, but employers are having trouble actually filling them with employees… who remain perfectly fine at home thank you very much. Uber confirmed its internal systems suffered a breach perpetrated by someone alleging to be an 18-year-old. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO Join us for a live recording of The Peak Daily at the Bet on Canada Summit on November 8th. Buy tickets here: https://readthepeak.com/events/bet-on-canada-2022 The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

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