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The Peak offers Canadian professionals a convenient way to stay informed with essential news on business, technology, and other important topics each morning. Our daily newsletter lands in your inbox before 6:00 AM Eastern Time, delivering all the key information you need in a fun and engaging format. It takes just about 5 minutes to read (or maybe 10, if you like to savor it).

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Tariffs delayed until March 1

2 months ago | readthepeak.com | Sarah Bartnicka

We have good news, and good-ish news: full-bodied California reds are back on LCBO shelves, and President Donald Trump will delay tariffs on Canadian goods until March 1. Driving the news: After a “pretty good call” with Prime Minister Justin Trudeau, the U.S. president agreed to delay imposing a 25% tariff on Canadian goods, along with a 10% tariff on energy exports, for at least one month as both sides search for common ground.
What will U.S. tariffs mean for Canada?

2 months ago | readthepeak.com | Sarah Bartnicka

As U.S. President Donald Trump holds firm on the threat to apply a 25% tax on Canadian goods by Feb. 1, concerns are growing around what it all means for the economy — with BMO economist Doug Porter calling the threat “an existential risk” to Canada in a note on Friday. In the past 12 months, U.S. imports from Canada — including oil, cars, and lumber — totalled $410 billion, none of which the U.S. apparently needs, according to Trump.
U.S. Supreme Court holds up TikTok ban

Jan 18, 2025 | readthepeak.com | Sarah Bartnicka

The U.S. Supreme Court unanimously upheld a federal law requiring ByteDance, TikTok's Chinese parent company, to divest its U.S. operations by Sunday or face a nationwide ban. Driving the news: ByteDance is now expected to make good on its threat to disable the app in the U.S. sometime tomorrow (the ban was only meant to block new downloads and app updates), leaving over 1 million creators and 170 million users with one less place to scroll.
What to do this weekend

Jan 18, 2025 | readthepeak.com | Quinn Henderson

Eat, we mean drink, a cup of bone broth hot chocolate. We will admit that this beverage doesn’t sound immediately enticing. But it’s been blowing up online because replacing water or milk with broth adds a protein boost and (allegedly) you don’t taste it. So try it for yourself. Read House of Huawei by Eva Dou.
Meta moderation changes worries advertisers

Jan 13, 2025 | readthepeak.com | Taylor Scollon

Some companies are worried that their Instagram ads for cookware and soft drinks will pop up next to hateful memes. Driving the news: Advertisers are reportedly considering whether they’ll have to pull their ads from Meta’s platforms if the company’s changes to its moderation policy mean their ads will appear next to objectionable content. Meta announced last week it would scrap its fact-checking program and move to a community notes model, similar to X.
What to do this weekend

Jan 11, 2025 | readthepeak.com | Quinn Henderson

Eat the very viral Turkish pasta. Vlogger Anna Paul is the owner of maybe the first viral TikTok dish of the year. A simplified version of the Turkish dish manti, this delectable meal pairs pasta, ground beef, garlic yogurt sauce, and paprika. Here’s a version of the recipe. Read Peak Money’s Ultimate Money Hack Book. Get a handle on your finances this year with a little help from your friends (that would be us).
Canada plots dollar-for-dollar tariff retaliation

Jan 11, 2025 | readthepeak.com | Taylor Scollon

When it comes to a potential trade battle with the U.S., Canadian officials are planning a response that’s more “eye for an eye” than “turn the other cheek.” What happened: The federal government is readying a plan to slap tariffs on nearly every import from the U.S. should Donald Trump follow through on plans to levy a 25% tariff against all Canadian goods. Canada is the largest national importer of U.S. goods, buying more than US$320 billion worth of American-made products last year.
Parliamentary pause puts tech bills in limbo

Jan 9, 2025 | readthepeak.com | Josh Kolm

Regulations that have taken a really long time to hit parliament may have to start from scratch. What happened: Prime Minister Justin Trudeau prorogued parliament alongside his resignation announcement, putting the future of several pieces of legislation relevant to the tech industry up in the air. Similar to when parliament is dissolved ahead of an election, any legislation that has not yet received royal assent dies when parliament is prorogued, and all committee activity ceases.
Should you invest in your TFSA or your FHSA?

Dec 10, 2024 | readthepeak.com | Meera Raman

Deciding between contributing to a tax-free savings account (TFSA) or a first home savings account (FHSA) depends on your goals. If you’re saving for your first home and looking to buy within the next 15 years, the FHSA is a great choice. It offers tax-deductible contributions like an RRSP, and withdrawals for a home are tax-free. But, if you take the money out for anything else, you’ll face penalties. If you’re not planning to buy a home soon or want more flexibility, the TFSA might be better.
Dodge bank fees with these tips

Dec 10, 2024 | readthepeak.com | Meera Raman

Bank fees can be frustrating and mysterious. The good news is you can reduce them. Canadians are overpaying by more than $7.7 billion a year in bank fees, according to a report from North Economics. While some fees, like using an ATM outside of your bank’s network, are more obvious, others can be hidden. For example, many banks charge foreign transaction fees when you use your card outside of Canada. A simple fix? Get a prepaid card from companies like Wealthsimple and Koho.