Peter Armstrong

Senior Business reporter for CBC News. A former host of On the Money and World Report on CBC Radio, Peter Armstrong has been a foreign correspondent and parliamentary reporter for CBC. Subscribe to Peter's newsletter here: cbc.ca/mindyourbusiness Twitter: @armstrongcbc

Latest from Peter Armstrong

Analysis

The shadow fleet of oil tankers enabling Russia's war and undermining global sanctions

Despite Western sanctions meant to curtail energy exports and squeeze its economy, experts say Russia is using its so-called shadow fleet of tankers to make as much as $1 billion a day selling oil, skirting a global price cap and funding its war in Ukraine.
Analysis

Amazon Prime's NHL deal breaches cable TV's last line of defence: live sports

Cable TV's last line of defence against cord cutting has long been the audience for live sports. But streaming companies that have bled the cable giants of viewers for years are now bidding for the rights to stream NHL, NBA, MLB and NFL games.
Analysis

EV sales have slowed. Do massive subsidies still make sense?

Honda and Toyota are promising billions in new EV investments as governments hand out subsidies and tax credits. But EV sales in North America have slowed amid concerns over costs and range anxiety.
Analysis

Will $52.9B in new federal spending make inflation worse?

Heading into this week’s federal budget, one question loomed large: would new spending fuel inflation and make it harder for the Bank of Canada to start cutting interest rates?
Analysis

What Tesla's troubles tell us about the EV industry

Tesla's earnings are being heralded as an 'unmitigated disaster.' A drop in production and deliveries presents a fork in the road and a real challenge for EV makers worldwide.
Analysis

A settlement in a U.S. lawsuit could upend the cornerstone of real estate industry: commissions

A landmark deal in the U.S. may lead to enormous changes in how real estate agents are paid. In Canada, two lawsuits filed against various real estate bodies want the courts to come to the same conclusion and force wholesale change in the way Realtors charge their fees.
Analysis

Bank of Canada worries a rate cut now could overheat the spring housing market

The Bank of Canada left interest rates unchanged this week, at least in part because it doesn't want to add fuel to a real estate market that's already heating up.
Analysis

A court battle between the CRA and the Toronto Maple Leafs captain could be pivotal for other pro athletes

Toronto Maple Leafs captain John Tavares is taking the Canada Revenue Agency to court over an $8 million tax bill in a case experts say could be pivotal for some pro athletes, perhaps affecting with which teams they sign.
Analysis

Bank of Canada says housing affordability is about boosting supply, not lowering interest rates

As inflation comes under control, there is a growing chorus calling on the central bank to cut interest rates, easing at least some affordability issues. But Bank of Canada governor Tiff Macklem says a lower interest rate isn't the silver bullet people are hoping for.
Analysis

Interest rate cuts are coming, but the Bank of Canada won't say when

Canadian households, clobbered by rising interest rates, are desperate for word from the Bank of Canada on when they may start to fall. But central bank governor Tiff Macklem refuses to give them a "false sense of precision."