The Peak

CEO looks to take 23andMe private

The DNA test kit that once made Oprah’s list of favourite things (alongside sheepskin slippers and pre-made chicken pies) has fallen on tough times.

What happened: 23andMe CEO Anne Wojcicki is planning to take the company private following a disastrous three years, during which its valuation crashed ~98%. The company’s stock has fallen so far that it has been on the verge of being delisted from the Nasdaq.

NHL scores a record-breaking year

The only thing more impressive than the players' soon-to-be-grown playoff beards is the total at the bottom of the NHL balance sheet this year.

Driving the news: The NHL playoffs are kicking off this weekend, but the league is already set to walk away as the real winner — though it won’t be hoisting a silver cup — after raking in a record US$6.2 billion this season thanks to a number of lucrative sponsorship deals.

Canada has mob ties and a money laundering problem

*Spoken in the worst Tony Soprano impersonation you’ve ever heard* You think La Casa Nostra don’t have a piece of da pie in da Great White North? Ayyy, fuhgeddaboudit!

Driving the news: A faction of the infamous 'Ndrangheta Italian mafia allegedly laundered money through TD and RBC branches in Ontario after a suspected leader made connections with bank employees, according to reporting by the Toronto Star and other media outlets.

Ottawa urges pensions to spend more at home

The feds are hoping Canada’s top pension funds will consider spending a little more of their ~$2 trillion in assets at home.

Driving the news: Ottawa is enlisting former Bank of Canada governor Stephen Poloz to spearhead a new working group tasked with getting Canadian pension funds to invest more in their own backyard, particularly in housing and infrastructure.

Retro sneakers are all the rage

Business at Adidas is booming this year. If you’re wondering why, just go for a walk around town and count how many pairs of Sambas you see walking the street.

What happened: Shares in the German sports giant hit a two-year high — fully recovering from the financial tumult caused by their break-up with Kanye West in 2022 — after a smashing first quarter led by sales for its retro Samba, Gazelle, and Campus sneakers.

Raptors scandal highlights worries about sports betting

After one of its worst seasons in franchise history, Canada’s only NBA team now has the indignity of seeing one of its players kicked out of the league.

Driving the news: Toronto Raptors player Jontay Porter has received a lifetime ban from the NBA after an investigation found he broke the league’s gambling rules by betting on games and, more seriously, manipulating games that he played to benefit sports bettors.

Shoppers pharmacists sue over shady practices

Class-action lawsuits can be a real headache, but luckily Shoppers Drug Mart executives have an unlimited supply of extra-strength Tylenol at their disposal.

What happened: An ex-Shoppers Drug Mart pharmacist has filed a proposed class-action lawsuit against his former workplace, and its parent company Loblaw, claiming that the chain breached franchising deals by coercing pharmacists into “unsafe and unethical" behaviour.

Tim Hortons has entered the pizza game

Canadians' favourite spot for a double-double and an old fashioned glazed doughnut is trying its hand at a new endeavour: pizza.

What happened: Today, a line of flatbread pizzas — including cheese, pepperoni, "bacon everything," and chicken Parmesan varieties — is launching at Tim Hortons locations across Canada. It’s part of the brand’s bigger push to get customers into cafes after breakfast.

CEO looks to take 23andMe private

NHL scores a record-breaking year

Canada has mob ties and a money laundering problem

Ottawa urges pensions to spend more at home

Retro sneakers are all the rage

Raptors scandal highlights worries about sports betting

Shoppers pharmacists sue over shady practices

Tim Hortons has entered the pizza game

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