Peter Armstrong - Senior Business Reporter | CBC - Action News
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Peter Armstrong - Senior Business Reporter | CBC

Latest from Peter Armstrong

Analysis

The Bank of Canada's growing list of worries

The Canadian economy is awash in contradictions. Progress has been made in the fight against inflation. The economy has dodged a recession. But unemployment is rising, consumer spending is expected to slow further and the Bank of Canada has a laundry list of things it's worried about.
Analysis

Cutting interest rates was easy. But the Bank of Canada still has a credibility problem

Bank of Canada governor Tiff Macklem says the central bank has to rebuild trust with Canadian households. After the last two years of interest rate hikes and messaging missteps, that's not going to be an easy job.
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 weeks 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 Leafscaptain John Tavares is taking the Canada Revenue Agency to court over an $8 million tax billin a case experts saycould be pivotal for some pro athletes, perhaps affecting with which teams they sign.