Good afternoon everyone.
I’ve been mourning (and investigating) the loss of one of my favourite coffee spots in the city after learning that Rosedale’s Finest, a gourmet grocer, shut down without explanation back in September. An employee from Summerhill Market down the street said customers have been asking questions since the brown paper went up over the windows, but nobody has answers (yet).
I’ve seen speculation online about a conflict with a former employee, but I imagine there’s more to the story. If any of you have a tip, email me or write in here. In the meantime, you can find me trying to recreate this at home:
In today’s newsletter: Rogers will make $100 million from the Blue Jays’ playoff run, is Shopify giving Seth Rogen’s weed company preferential treatment, why you should update your LinkedIn before going on a date.
NEWS:
SSENSE owes $93 million to vendors following its bankruptcy filing. The owners of Who Decides War told GQ they are owed more than $574,000.
The real winner of the World Series is Rogers Communications. Most of the company’s (estimated $21 billion) revenue this year will come from its wireless, internet and cable businesses, not sports and media, but a CIBC analyst estimates a $100 million revenue boost from playoff and World Series games alone. Rogers could not have possibly timed a $400 million stadium renovation, and subsequent price hikes for season ticket holders, better, and the company’s stock price is up 15% in October alone. Just to put the odds of this season’s run into perspective, a $1,000 bet on the Jays to win the World Series made back in March offered a $60,000 payoff.
That’s more than Trey Yesavage, the rookie pitcher who struck out 12 batters on Wednesday, has made since joining the team last month.
If your personal and business relationships have let you down, you can still grab a pair of tickets behind home plate for ~$32,000 on StubHub.
Shopify is accused of giving Seth Rogen’s weed company preferential treatment. Chloe Popove, the co-founder of Another Room, says a new partnership with Seth’s Houseplant allows the company to bypass a 2% payment processing fee that other cannabis brands are required to pay.
A reminder to update your LinkedIn profile before you start looking for a date. Swipe fatigue has taken the online sleuthing game to new heights.
Katherine Homouth appears to be violating the terms of a social media agreement with Sheertex. The founder of the rip-resistant tights maker is back on LinkedIn to document a bid to take back her company just two months after handing the reins to Sophie Boulanger, the co-founder of BonLook, who stepped down this week. Part of a deal to raise $40 million to keep the company afloat (back in May) reportedly involved Katherine agreeing to a policy that presumably limited how much she could share about the inner-workings of Sheertex, and its struggles, on social media, which was seen as detrimental to the business. I’m speculating of course, since the agreement is not public, but considering Boulanger’s departure kicked off exploring a sale of the business, I respect this last-ditch effort.
Lululemon partnered with the NFL for a licensed collection across all 32 teams. There is no shortage of Instagram “case studies” talking about how this is a bad idea but they are trying things to reach men so I think it’s fine.
Imagine a life where a day’s hard work involves stealing $80,000 of whipped cream. $35,000 of salsa and dip was also stolen this month.
The Bank of Canada has ‘exhausted’ options to help the economy. Paul Vieira is referring to the interest rate cut we saw earlier this week, which matters as newly released economic data shows slowing growth. With all the talk about tariffs, keep in mind most exports to the U.S. are still duty free under an existing agreement. Sectors that do face tariffs are hurting (steel, aluminum) and the uncertainty is impacting investment and hiring. Fuelling growth into 2026 will fall to the prime minister, something this morning’s Canadaland episode with POLITICO’s Mickey Djuric examines.
Chef Cory Vitiello wants everyone to stop over-using caviar. Agreed.
Have been seeing a few press trips for this $1,000-a-night Mexican wellness resort. Moving on from Austrian gut health retreat content.
George Brown is expanding its course offerings into the trades and is changing its name to fit. The job market continues to struggle to absorb the high volume of college-level business graduates, so this is positive.
There is some good personal finance advice in an income composition table released by Stats Canada. The high-income Canadian report shows more than 30% of income for the top 0.01% of earners is from dividends. Of course income and wealth are not the same, a topic for another time.
A reminder to give your friends who are heading back to the office four days a week on Monday a hug. At least they’ll have an extra hour of sleep.