Peloton and Lululemon have announced a partnership in which Lululemon will become the primary apparel partner of Peloton and Peloton will provide exclusive digital fitness content to Lululemon. Lululemon subscribers will also gain access to various levels of Peloton digital classes. This deal comes as Lululemon discontinues its digital fitness screen and app-only membership. Meanwhile, Peloton is working to transition into a health technology company. In other news, stock markets are down due to worries about China’s property sector and the threat of a U.S. government shutdown. Despite this, oil prices are surging, reaching their highest price in over a year. Today, there will be events focused on artificial intelligence and Indigenous ownership and Canada’s economic future. Additionally, job vacancy and employment growth numbers for July will be released, along with the latest numbers on real gross domestic product in the United States. Earnings reports from companies such as BlackBerry, Aritzia, and Nike are also expected.
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