Crypto winter ❄️ — The Bank of Canada releases a new survey on business outlooks. The chip shortage may be ending. And there’s a new victim of the crypto winter.

The Bank of Canada (BoC) released its newest quarterly surveys on consumer expectations and business outlooks yesterday and one thing was clear: both groups are still hyper-focused on inflation, but not yet panicking about a potential recession. Some good news in the long fight against supply chain disruptions: After two years of high demand, sales of some semiconductor chips are starting to wane—a development that could cut down on global wait times for the precious product Zip up those parkas because the crypto winter is getting even chillier, as another major lender in the space has fallen victim to the modern incarnation of a good ol’ fashioned bank run. The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.