The name is a play on Mai Tai, the classic tiki cocktail, with a “P” added to reference pizza pie. Madadi says the concept was born on a trip to Detroit with his wife and friends. He knows only one other Detroit-style pizza and tiki bar fusion restaurant. It’s in Las Vegas. He doesn’t know which one opened first. Although the numbers may suggest a new austerity streak under Prime Minister Mark Carney, Schleich stresses that the contraction began earlier. “Budget 2024, released by the Trudeau administration, sought to achieve fiscal savings via natural attrition in the workforce,” he wrote, referring to the government headed by then-prime minister Justin Trudeau. Federal employment is down roughly five per cent since early 2024. Per "yahoo canada finance", Canadian tech IPOs have slowed in 2024 due to cautious investor sentiment. Still, experts see renewed interest in AI-focused startups later this year, contingent on venture funding trends.