Get smarter about what matters.

Sign up for the free 5-minute daily email on Canadian business, tech, and finance that you'll actually enjoy reading.

Meta bets on virtual learning

It might not be long until parents are adding virtual reality headsets to their kid's back-to-school shopping lists. 

What happened: Meta is trying to bring Grade 9 algebra lessons into the metaverse by launching a new education hub for its Quest VR headsets. 

Canada says 'bienvenue' to Francophone immigrants

Everybody knows that Canada needs more healthcare workers, more homebuilders, and… more French speakers? 

Driving the news: Since revamping the Express Entry system for skilled immigration last year, 19,700 potential immigrants have been invited to apply for permanent residency based on their French skills, more than any other selection category, per a Globe and Mail analysis.

Happy Budget Day, one and all

It’s Budget Day 2024, and the theme for this year is "generational fairness.” While that’s not as exciting a theme as “year of efficiency” or “murder mystery,” it does sound like a nice idea.

Driving the news: This year, the feds tried out a new comms strategy where they openly trumpeted many of the biggest moves in the month leading up to the budget. Over $37 billion in new initiatives for this year’s budget have already been announced.

Middle East conflict ratchets up with Iran attack

Violence in the Middle East escalated over the weekend with an Iranian attack on Israel. 

Catch up: Iran launched more than 300 drones and missiles at targets in Israel on Saturday, 99% of which were intercepted in the air by Israel and its allies.

Tesla slashes prices for self-driving software

Tesla is hoping that a good old-fashioned sale will get more customers to buy into the whole self-driving car thing. 

Driving the news: Tesla is slashing the price of its Full Self-Driving (FSD) software subscription from US$199 to US$99 per month in the U.S., part of a larger effort to boost customer subscriptions amid tough financial times for the EV maker. 

Best of Around the Peak

This week, we’re looking back at some of our favourite episodes of Free Lunch by The Peak.  

What to do this weekend

Saudi Arabia dials back its mega-city ambitions

Saudi officials are learning that constructing a city from scratch is turning out to be a real financial headache. 

Driving the news: Saudi Arabia is scaling back its ambitions for Neom, a trillion-dollar desert development project aimed at diversifying its oil-dependent economy.

Vietnamese court sentences tycoon to death for fraud

Sam Bankman-Fried might be having a rough go of it as he faces 25 years in the slammer,  but hey, at least he didn’t commit large-scale financial fraud in Vietnam. 

What happened: Real estate developer Truong My Lan has been sentenced to death by a Vietnamese court for orchestrating the country's largest-ever financial fraud. She embezzled over US$12 billion (or ~3% of Vietnam’s GDP) from the Saigon Joint Stock Commercial Bank.

Apple takes a (small) step towards right to repair

Read more stories