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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Missing bars đŤÂ â Disappearing Melona bars, BYD eyes Canadian market
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Melona bars successfully went from cult fave to grocery freezer mainstay. But why have the cool and creamy Korean desserts been so hard to find in stores over the past month? As the feds weigh slapping steep tariffs on EVs made in China, BYD has decided to set its sights on the Canadian market anyway. Celebrating something? Let us know here: https:âŚ
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Treaty settlements đľÂ â Ottawa could owe $126B, New movies make millions. âDeadpool & Wolverineâ reverses the movie summer slump
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A landmark Supreme Court ruling could set a new bar for the costs of economic reconciliation in Canada. Less than a year after releasing The Marvels, the worst-performing film in Marvelâs history, the superhero studio has landed the best opening box office weekend of 2024. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdâŚ
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Tech tumbles đ â Technology stocks take a tumble. Bank of Canada cuts rates again.
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In the 2003 hit movie Freaky Friday, a mother and daughter played by Jamie Lee Curtis and Lindsay Lohan wake up one morning and find their lives have been switched. In March 2022, Bank of Canada Governor Tiff Macklem said aggressive rate hikes were needed to quickly tamp down inflation, but that theyâd only be temporary. Celebrating something? Let âŚ
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A record setting raise đ¸Â â Investors dust off their chequebooks. Greenwashing needs a clearer definition.
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Hereâs something to celebrate: After a year of penny-pinching tied to high interest rates and economic uncertainty, money is flowing into Canadian technology companies again. Not sure what âgreenwashingâ is? Canadian companies are right there with you. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TOâŚ
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Big ZZZs đ¤Â â A deal to buy Sleep Country, Airlines arenât making money.
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Sleep Country is putting its run as a public company to bed. The Farnborough International Airshow, one of the worldâs largest aviation trade shows, kicked off yesterday amid some industry turbulence. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TOBy The Peak / Curiouscast
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Potayto, potahto đď¸Â â Ford chooses pick-ups over EVs.
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Like a legacy rock band trying to cater to their audience, Ford is sticking to the hits at the expense of the new stuff. Alberta may be known mostly for its mountains, big steaks, and rodeos, but these days, itâs found itself a new claim to fame: potatoes. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TOâŚ
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Waste-less đď¸Â â Home construction slows, Grocery giants tackle food waste.
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Nearly every government in Canada â at all levels and all political stripes â say they want more houses built. New data from the Canada Mortgage and Housing Corporation (CMHC) shows the opposite is happening. More grocery stores in your neighbourhood could soon be offering you oddly shaped tomatoes and soon-to-be-expired cartons of yogurt for cheapâŚ
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Weekend getaway đ˘Â â Speeding up digital payments, New cruise ship focuses on weekend energy.
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Canada is the only G20 country without an updated digital payments system. Interacâs new CEO wants to change that ASAP. The worldâs second-largest cruise ship will make its maiden voyage this week, but it wonât be a long one. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TOâŚ
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Target practice đŻÂ â Canada promises to hit NATO defence target, AI goals are fuelling layoffs.
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After being the NATO punching bag this week in D.C., Canada has finally given its allies what they wanted⌠sort of. AI really is taking away jobs, just not in the way you might think. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TOBy The Peak / Curiouscast
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Whereâs my charge đ â New chargers coming. Etsy pivots away from rivals in e-commerce race.
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A plan for a continental electric vehicle charging network is bringing together big names like itâs a Team USA basketball roster. The go-to site to buy quirky Christmas gifts for your friends and family is leaning back into its homemade, one-of-one vibe. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TOâŚ
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On the nose đ â Walmart introduces sensory-friendly hours.
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Will future generations know the unrivalled thrill of getting a crisp $50 bill from your grandma on your birthday? Weâre not so sure. Walmart has made itself more attractive to shoppers who hate bright fluorescents and buzzing PA systems. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TOâŚ
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No wheels đ â Uber wants you to give up your ride. Canadian space tech developer lands $1 billion funding.
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NASAâs 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/MNdYA3TOBy The Peak / Curiouscast
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Bus business đ â 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/MNdYA3TOâŚ
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Temporary residents đ¨đŚÂ â 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. Canadaâs surge in temporary residents might be, well, temporary. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TOâŚ
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Money bags đ°Â â Canadian households got richer last quarter.
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With foreign fast food brands like Shake Shack, Pret A Manger, and Jersey Mikeâs entering the Canadian market in recent months, the battle for your lunch money is getting heated. Western countries are taking the âif you canât beat âem, tax âemâ approach to Chinese electric vehicle competition. Celebrating something? Let us know here: https://thepeaâŚ
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Peak oil đ˘ď¸Â â 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 âblack goldâ and more like âblack tinâ â still valuable, but not that valuable. Western countries are taking the âif you canât beat âem, tax âemâ approach to Chinese electric vehicle competition. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TOâŚ
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Banana energy đ â Canada Growth Fund makes its next pick. IPO now stands for âIâd-rather-go Private, Okayâ.
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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 Ottawaâs 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/MNdYA3TOâŚ
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Hollywood treatment đĽÂ â 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 itâs 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/MNdYA3TOâŚ
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Taking off đâ 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 â 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.câŚ
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Streamer tax đľÂ â 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 âBig Mackâ 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 somethiâŚ
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Second wind đ¨â 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-QuĂŠbec should start calling itself Hydro-and-Wind-QuĂŠbec â on account of all the dang windmills itâs planning to build. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TOâŚ
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Hanging up đ â **âAlberta is callingâ 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 Albertaâs comparatively cheaper pastures. Canadian lenders are still feeling the effects of high interest rates on earnings, but more deal-making helped offset losses â even as the mean olâ Bank of Canada waits toâŚ
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Movie hangover đĽâ Barbenheimer box office hangover, Windsorâs 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 mâŚ
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No baggage âď¸Â â 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, itâs 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 hâŚ
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Low risk đâ 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://theâŚ
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 Trade tribulations đâ 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://theâŚ
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 Up in flames đĽÂ â 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 governmentâs Phoenix payroll system is not going to rise from the ashes. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TOâŚ
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High fashion 𧼠 â Canada Goose gets creative. Netflix gets into the NFL.
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Canada Goose â the iconic Canadian brand that began by making jackets for park rangers before pivoting to making status symbols for Bay Street traders â 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: hâŚ
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Northern lights đ â 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 â 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 parentsâ playbook and threatening to take away driving privileges: A new law will introduceâŚ
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Encoure đ â 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 âRoaring Kitty,â 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 fromâŚ
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Business students đŠâđźÂ â The business of international students. El NiĂąo 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? âŚ
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Lethal lemonades đ â B.C. re-criminalizes public drug use. Canadian cities tease car-free summer.
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Donât do illicit drugs in public in B.C. Itâs, once again, illegal. And also, ya know, dangerous. Once crowned the worldâs coolest street, a bustling stretch of Montrealâs Wellington Street will be off-limits to cars this summer. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TOâŚ
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Fired up đĽâ Northvolt protests get extreme, Intact is fireproofing homes.
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If youâre having a bad start to the work day, at least be grateful you donât 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/MNdYA3TOâŚ
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Dirty laundry đ§şÂ â 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, weâve got some answers. Celebrating something? Let us know here: https://thepeak.typeform.com/âŚ
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Donât snooze on cruises đ˘Â â 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/âŚ
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Ready to roll  â 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 knoâŚ
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Fed-up grocers đ â 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/MNdYA3TOBy The Peak / Curiouscast
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Prime time đ â 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 youâve 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/MNdYA3TOâŚ
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Productivity problems đ â Hondaâs $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 thatâs 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 âsmarter,â Canadians are in a bit of a productivity slump. Celebrating something? Let us know here: âŚ
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Healthy pop đĽ¤Â â Indigenous investing rises, Healthy pop is popping off.
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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/MNdYA3TOBy The Peak / Curiouscast
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Grocers wanted đ â Feds lure global grocers, A new inflation theory.
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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/MNdYA3TOâŚ
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Tesla slashes prices in major markets. The worldâs 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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QuĂŠbec workers reject Airbus contract offer. The roughly 1,300 unionized workers at the Mirabel, QuĂŠbec Airbus plant have rejected a third contract offer from the plane manufacturer, with almost 70% of members voting against the agreement. The QuĂŠbec plant manufactures Airbusâ popular A220 passenger plane. (CTV News) Chinaâs Canadian ambassador abrâŚ
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Mob ties đ â The NHL is breaking records. Mob gets busted in Canada.
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You think La Casa Nostra donât 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/MNdYA3TOâŚ
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Retro kicks đ â  Raptors scandal highlights worries about sports betting. Retro sneakers are all the rage.
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Itâs a tough day for people who bet on themselves. Business at Adidas is booming this year. If youâre 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/MNdYA3TOBy The Peak / Curiouscast
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Wealth tax đ Â â Â Tim Hortonâs gets into pizza. Feds announce new tax rate.
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With so many plans already announced, we were left wondering what the feds would actually unveil at this yearâs 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: hâŚ
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Budget day đ¸  â  Happy Budget Day, one and all. Canada says 'bienvenue' to Francophone immigrants.
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Itâs Budget Day 2024, and the theme for this year is "generational fairness.â While thatâs not as exciting a theme as âyear of efficiencyâ or âmurder mystery,â 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: httpâŚ
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Self-driving sale đ Â â Â Middle East conflict ratchets up with Iran attack. Tesla slashes prices for self-driving software.
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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/MNdYA3TOBy The Peak / Curiouscast
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