OpenAI's whiplash week

Sam Altman had a rough week. After a spat over possibly imitating Scarlett Johansson’s voice turned into a broader criticism of the OpenAI CEO’s “beg forgiveness instead of asking permission” approach to doing business, the hits kept coming.

VCs are moving past last year’s doom and gloom

 Canadian VCs aren’t letting foreboding warnings about the market dampen their spirits. 

Canada has a huge new vaccine plant

 Pharma giant Sanofi unveiled Canada’s largest vaccine production facility yesterday. The Toronto plant will produce shots for whooping cough, diphtheria, and tetanus, giving an immediate boost to the country’s pretty lacklustre vaccine supply chain.

Banks earnings season comes to a close

Canadian lenders are still feeling the effects of high interest rates on earnings, but more deal-making helped offset losses — even as the mean ol’ Bank of Canada waits to cut rates.

Driving the news: The capital markets arms at banks rebounded. Private equity firms in Canada invested $4 billion last quarter, almost double the amount seen in Q1 of last year.

“Alberta is calling” may have backfired

With the promise of cheap housing and good jobs filling subway and billboard ads across the country, herds of young people have moved to Alberta’s comparatively cheaper pastures. 

By the numbers: Between July 2022 and July 2023, Alberta’s four biggest cities saw almost 46,000 newcomers, more than any other province.

Job seekers, beware of text spams

If you're getting texts offering you a job, chances are it's a scam.

Should you get a streaming bundle?

Streaming bundles are finally coming to Canada — but are they worth it?

Your loonie can get you further in these vacay spots

Believe it or not, the loonie is still valuable in some parts of the world.

Canada is splashing out on its Air Force

Canada is forging ahead with the largest recapitalization of its air force since World War II.

The Department of National Defence has signed a 25-year, $11.2 billion deal with SkyAlyne Canada to provide and modernize air force training platforms.

Canadian schools pile on with Big Tech lawsuits

More Canadian schools are blaming social media platforms for pushing educators and already-thin resources to the brim. 

What happened: Five Ontario school boards and two private schools are suing the parent companies of Facebook, Instagram, Snapchat, and TikTok for $2.6 billion, alleging their platforms are intentionally addictive and harming students’ mental health and learning capacity.

Can limited-time offers lead to long-term sales?

The newly unveiled McDonald’s fries dusted in churro or masala seasoning are the latest limited-time offers (LTOs) from a big fast-food chain this year… and they won’t be the last.  

Big picture: LTOs have long been an industry staple used to lure customers and test out potential permanent items. Fast-food chains are now leaning on them more heavily than ever, with research firm Technomic finding that U.S. LTO launches were up 46% in the past year.

From The DMs

Stem cells could cure diabetes

The problem: Diabetes can cause serious complications, even with proper insulin treatments to manage the disease. A man in China, for example, needed a kidney transplant and was losing function in his pancreas after living with Type 2 diabetes for 25 years.

Meta AI is getting around the company’s news block

Meta’s AI push might be undermining its efforts to block news in Canada and avoid a big bill to publishers.

Ontario lands $357 million for affordable housing

The federal and Ontario governments have reached a deal that will unlock $357 million in federal funding for the province to ramp up its expansion of affordable housing projects. 

What happened: As part of the deal, Ontario submitted a revised plan that puts the province on track to potentially reach the federally mandated target of 19,660 new affordable units by March 31, 2025 — a huge departure from its last proposal, which projected only 1,184 new units in that span. 

No-good varmints are rustling Canadian cattle

Did you know that, until 1832, stealing cattle was punishable by death in Upper Canada? These days, ranchers have to hope that jail time for ‘theft under $5,000’ is enough of a deterrent. 

What happened: Police in Québec are investigating a suspected case of cattle theft, or rustling, in which a rancher claims thieves nabbed his herd of almost 75 cows valued at ~$200,000. 

Stock trading just got a speed boost

Like us after our afternoon espresso shot, stock transactions are doubling their efficiency. 

As of this week, payments from sales of stocks or securities must be paid in full within a business day of the transaction going down, replacing the old two-day window.

Housing prices might soon shoot up

The housing market might be set for a comeback with expected rate cuts this summer.

You deserve a financial planner

It’s a myth that financial planners are only for the wealthy — they can help anyone feel less stressed about money.

How much is your barista taking home in tips?

We’ve all been there: You’re about to pay an exorbitant amount for a cappuccino, and the barista turns the iPad over to a display of tip options… 15%, 20%, and even 30%. What do you choose? You imagine your barista’s student debt, or maybe their ambitions to fund a short film.