Episode
Bidding war ↖️ - The battle to sell Canada new submarines, A short selling scheme blows up.
- Podcast
- The Peak Daily
- Published
- Jun 4, 2026
- Duration seconds
- 515
- Processing state
not_requested- Canonical source
- https://share.transistor.fm/s/ae81116b
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Summary
Canada’s coming submarine super-deal turns into a full-on bidding war as South Korea dangles “Project Beaver” — a massive hydrogen-trucking investment — to win a 12-sub contract potentially worth $120B over 70 years. Plus, famous short seller Andrew Left is found guilty of securities fraud in a “short-and-distort” scheme, raising fresh questions about market manipulation in the social media era. In The Big Picture: a proposed new U.S. tariff on Canada tied to forced-labour imports, Ottawa backs off its Cancon streamer rules, and Meta launches an AI agent for businesses. The Peak Daily is produced in partnership with reframevid.com