In today’s Peak Daily: Canada hits NATO’s 2% defence spending target for the first time, committing $84B over five years as Ottawa rethinks reliance on the U.S. Then, a blistering new report finds major gaps in the federal Indigenous procurement strategy, raising concerns about oversight and shell companies. Plus, quantum computing standout Xanadu goes public, the Liberals table election-law reforms to curb foreign interference and deepfakes, and Canada’s competition watchdog reviews a potential Paramount–Warner Bros. merger.

The Peak Daily is produced in partnership with reframevid.com

In today’s Peak Daily: Canada hits NATO’s 2% defence spending target for the first time, committing $84B over five years as Ottawa rethinks reliance on the U.S. Then, a blistering new report finds major gaps in the federal Indigenous procurement strategy, raising concerns about oversight and shell companies. Plus, quantum computing standout Xanadu goes public, the Liberals table election-law reforms to curb foreign interference and deepfakes, and Canada’s competition watchdog reviews a potential Paramount–Warner Bros. merger.

The Peak Daily is produced in partnership with reframevid.com

Canada is getting its first mainstream prediction markets, with Wealthsimple clearing a key regulatory hurdle and raising fresh questions about oversight and insider trading. Plus, OpenAI shuts down Sora and its splashy Disney partnership, underscoring the steep costs and shaky demand for AI-generated video. In the big picture: Ontario expands its new-home tax rebate, YouTube and Meta are found guilty in a social media addiction trial, and Iran rejects a U.S. ceasefire proposal.

In today's episode, we explore how Canada's independent bookstores are banding together through Booksellers.ca, a new digital marketplace that pools inventory from 160 indie sellers to compete with Amazon and Indigo. Then, we dive into the turmoil at Cricket Canada, where constitutional violations, match-fixing investigations, and leadership controversies are threatening to derail one of the country's fastest-growing sports. Plus, Apple tests a chatbot-style Siri, Alberta's oil pipeline deal faces delays, BMO launches blockchain tokenization, and more Canadian business news.

The Peak Daily is produced in partnership with reframevid.com