The Peak Daily

The first day of Canada’s Investment Summit brought a wave of new commitments from banks, investors, and businesses, offering early signs that Ottawa’s push to unlock as much as $1 trillion in capital may be gaining momentum — even if most of the pledges aren’t binding.

Plus, Cohere CEO Aidan Gomez and a Chinese state-backed newspaper are pushing back against calls from Silicon Valley’s biggest AI companies to slow development, arguing that safety concerns could be used to entrench dominant firms and constrain their competitors.

And in The Big Picture: Canada’s annual inflation rate holds at 3%, Africa’s largest-ever IPO is set to make Aliko Dangote even richer, Google adds AI-powered protections for Canadian minors, companies race to trademark “Elbows Up,” Kawhi Leonard’s return to the Raptors is finalized, and more.

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What is The Peak Daily?

Fast Canadian business news. Get up-to-speed quick with a fun and smart breakdown of the three biggest Canadian and global business stories in less than 10 minutes.