Slow slopes ⛷️ — Bitcoin miners are leaving Canada. The slopes are going to be busy this year. And retailers want you to spend.

Québec became a destination for crypto mining, a practice often criticized for its high energy use, by boasting some of North America’s cheapest energy prices. But now, Hydro-Québec has asked the province for permission to reallocate energy to other projects, per *The Wall Street Journal.*

According to Deloitte Canada, the average household will spend $1,520 this year on the holidays, 17% less than in 2021, as Canadians brace for economic headwinds.

Important news for skiiers and snowboarders: If you’re planning to shred some pow’ over the holidays, chances are you’ll have a lot of company.

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The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.