All Business stories

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.

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.

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.

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.  

Rogers Centre gets revamped

The Jays might have a losing record right now, but their stadium is turning into a real winner.

Driving the news: Toronto Blue Jays fans got their first taste of the latest Rogers Centre renos this week. Those seated in the 100-level bowl experienced cushier, wider seats (with cupholders!) and a better view of home plate. 

Canada has an accountant crisis

As if tax season wasn’t stressful enough, Canada is also dealing with an accountant shortage.

Driving the news: Canadian finance and accounting hiring managers are feeling overtaxed this tax season, with 90% reporting that they are experiencing challenges due to a widespread accountant shortage, according to a new survey by Robert Half.