Pete Evans

Senior Business Writer

Pete Evans is the senior business writer for Prior to coming to the CBC, his work has appeared in the Globe & Mail, the Financial Post, the Toronto Star, and Canadian Business Magazine. Twitter: @p_evans Email:

Latest from Pete Evans

Deal to lower Visa, Mastercard processing fees will come up short for many retailers, critics say

The federal government says it has hammered out the final details with Visa and Mastercard to lower credit card transaction fees for merchants, but small business advocates say the deal doesn't go nearly far enough.

Grocery code of conduct will raise prices, not lower them, Loblaws and Walmart tell lawmakers

The head of Canada's biggest grocery chain says the looming implementation of the grocery code of conduct would lead to higher prices for consumers, not lower ones.

Expect some food prices to get cheaper next year — but typical grocery bills may still go up by $700

Savvy shoppers should be able to find a few bargains at the grocery store next year, but even with prices for some essentials falling the typical Canadian family's overall grocery bill is set to increase by about $700 to more than $16,000 in 2024.

As expected, Bank of Canada holds interest rate steady at 5%

The Bank of Canada decided to keep its benchmark interest rate steady at five per cent.

Canada added 25,000 jobs last month, StatsCan says

Canada's economy added 25,000 new jobs in November, Statistics Canada reported Friday.

Big banks announce layoffs and more bad loans as TD, Royal and CIBC post quarterly results

Three of Canada's biggest lenders posted quarterly earnings on Thursday, and as was the case at Scotiabank earlier in the week, they're all putting a lot more money aside to cover loans that potentially might go bad.

Canada's economy shrank by 0.3% in third quarter, StatsCan says

Canada's economy shrank in the three months up to September, as household spending was flat and exports declined.

Israel's war with Hamas brings renewed focus to BDS movement and role of boycotts to effect change

As the war between Israel and Hamas rages on, consumers and corporations are being drawn into the fight by way of boycotts and other forms of protest.

Scotiabank profit falls as bank sets aside almost $1.3B to cover bad loans

The Bank of Nova Scotia said its profit slumped in the fourth quarter for a variety of reasons, including doubling the amount of money the bank sets aside to potentially write off loans that are in danger of not being paid back.

Air Transat faces strike as soon as January after 2,100 workers overwhelmingly vote in favour of walkout

Air Transat's flight attendants are in a position to strike as soon as Jan. 3 after an overwhelming majority voted to give their union a mandate to walk off the job if a new labour deal can't be reached.