In the Wallace and Gromit short A Grand Day Out, the duo went to the moon just for a bit of Wensleydale. This year, a slab of the historic British cheese might be even harder to source if you're a Canadian.

Driving the news: Prices for British cheese are set to skyrocket after a temporary trade arrangement that allowed for robust tax-free cheese imports from the U.K. expired.

A growing number of CEOs are trying to hold onto their management caps for a few years longer. And it’s probably not just because they’re smashing salary records as of late.  

Driving the news: Whitney Wolfe Herd officially stepped down as the chief executive of Bumble, a women-centred dating app worth over $2 billion, after nearly a decade in the role.

If you spent the last week actively avoiding the news in favour of more celebratory activities, fear not because we’ve got you covered. Here are the big stories you may have missed while merry-making.

On this week’s episode of Free Lunch by The Peak, we sat down with Adin Wener, founder of Henderson Brewing Company, to talk about the ins and outs of the craft beer business.

Our picks for what to eat, read, watch, and listen to this weekend.

In a sneaker market that’s changing at a faster pace than a gold medal sprinter, the world’s largest sportswear maker is trying to keep up.

RBC is getting some last-minute, $13.5 billion shopping wrapped up before the holidays.

What happened: After a year of a regulatory kerfuffle surrounding the biggest proposed bank merger in Canadian history, RBC finally received the go-ahead from the federal government to acquire HSBC’s Canadian operations. 

Our picks for what to eat, read, watch, and listen to this New Year’s Eve.

Tiny towns popping up in the northern Ontario wilderness have come under government scrutiny, but their pioneer-like inhabitants insist they just want cheaper housing.   

Tiny towns popping up in the northern Ontario wilderness have come under government scrutiny, modern-day pioneers living in them insist they just want cheaper housing.

Investors are starting to question the existence of Santa Claus… as far as the guy with the big, white, fluffy beard relates to markets, that is. 

Driving the news: Experts are backtracking on the once-sure bet of the "Santa Claus Rally," a phenomenon where markets surge during the last five trading days of a year — which means it starts today — and the first two of the next, according to The Wall Street Journal.

Angola’s oil output might be just a drop in the barrel for OPEC — a group of leading oil-producing countries — but its departure could ripple into much bigger changes.

What happened: Angola has left OPEC, declaring it “gains nothing” from staying in the cartel. The country hasn’t been shy about publicly fighting cuts imposed by the group to its production quotas.

Canada is a land of innovation. Look no further than the pizza dip roller or ketchup chips! Unfortunately, innovation funding continues to be a serious challenge.  

What happened: The Canada Innovation Corp. (CIC) — a new innovation funding body that was supposed to launch this year and receive $2.6 billion over four years to invest in businesses looking to innovate — will now be delayed by as much as three years.

A northern Alberta town with a population of 577 people could be the site of a renewable energy breakthrough.

What happened: The town of Rainbow Lake will kick off a pilot project that could power the entire area with geothermal energy — where energy is created by turbines that are spun by heat extracted from underground water — by 2028, the first town in Canada to do so.

Better late than never: Canada is starting to pour more cash into its defence strategy.

What happened: Canada will invest nearly $2.5 billion to acquire 11 remotely piloted MQ-9B SkyGuardian drones for the Royal Canadian Air Force. The move will beef up capabilities for domestic military missions, as well as missions with its closest allies, including the U.S. 

The problem: Inherited metabolic disorders happen when a defective gene creates an enzyme deficiency in the body. There are a lot of them, and some can be treated by managing diet, but others require regular enzyme infusions for a patient’s entire life.

A silly name isn’t keeping the fediverse from picking up momentum.

What happened: Flipboard, a news and magazine story aggregator app, is integrating with ActivityPub, a protocol being used to enable “the fediverse” — a decentralized network of interoperable online services.

It may now be several years before a new Crown corporation starts its work funding innovation in Canada, which could put its fate in the hands of a new government eager to cut costs.

What happened: The federal government pushed the launch for the Canada Innovation Corp. (CIC) to “no later than 2026-27.” 

Is your looming annual performance review getting you down? You aren’t the only one.

Driving the news: Nobody likes performance reviews. Not only do they stress out employees, but more and more companies are starting to think they do a crummy job of actually evaluating job performance. 

A new bill is trying to move “fast trains” from a European ideal into a Canadian reality. 

Driving the news: Canada’s passenger train network is notoriously plagued with delays. But a proposed law would force railway owners and operators to prioritize passenger-filled trains over freight trains in any scheduling conflict — or pay a $250,000 fine for every infraction. 

Better start baking those welcome cookies now, because you’ve got a million new neighbours to welcome.

What happened: Canada’s population grew by more than 1 million over the first nine months of the year, according to newly released Statistics Canada data.