Basis points ⬆️ — The Bank of Canada announced a 0.75% rate hike. New iPhones. And markets are going haywire.

As expected, the BoC delivered another oversized rate hike, bumping the overnight interest rates up to 3.25% from 2.50% (or 75 basis points, if you’re fancy like that).Apple held its latest product launch event, dubbed Far Out, yesterday, announcing a range of new goodies including the iPhone 14 and the Apple Watch Ultra.Freaked-out investors are pouring money into the US while pulling out of international stocks at a rate not seen since a 22-week run of outflows in 2019, per the WSJ.The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.