Pete Evans

Senior Writer, CBCNews.ca

Pete Evans is the senior business writer for CBCNews.ca. Prior to coming to the CBC, his work has appeared in the Globe & Mail, the Financial Post, the Toronto Star, Canadian Business Magazine and — believe it or not — Circuits Assembly Magazine. Twitter: @p_evans Email: pete.evans@cbc.ca Secure PGP: https://secure.cbc.ca/public-key/Pete-Evans-pub.asc

Latest from Pete Evans

Torstar to launch online casino to help fund its journalism

Torstar Corp., owner of the Toronto Star, the Hamilton Spectator and other papers, announced on Monday it plans to launch an online casino betting brand in Ontario this year.

Bombardier lays off another 1,600 people, scraps Learjet program

Bombardier Inc. says it will lay off 1,600 people and stop making Learjets in a bid to improve profitability.

Bell cancels all-sports radio format on channels in Vancouver, Winnipeg and Hamilton

Bell is cancelling its all-sports format on radio stations in Vancouver, Winnipeg and Hamilton, barely a week after announcing hundreds of job cuts at media properties across Canada.

Air Canada cuts 1,500 more jobs and cancels 17 more routes

Canada's biggest airline has informed 1,500 of its workers that they'll soon be out of jobs as a result of new coronavirus-related travel restrictions and a dramatic reduction in demand for flying.

Bitcoin hits new all time high after Tesla reveals it has stockpiled $1.5B of it

Bitcoin hit a new all time high on Monday morning after electric car maker Tesla revealed that it has stockpiled more than $1.5 billion US worth of the cryptocurrency, and will soon start accepting it as a form of payment for its products.

Canada lost 213,000 jobs in January as lockdowns took a giant bite out of the job market

Canada's economy lost 213,000 jobs in January, about five times more than what economists were expecting, as retail lockdowns forced more businesses to close their doors across the country.

Canadian cannabis stocks pop on U.S. legalization push and GameStop-style short squeeze

Shares in Canadian-based cannabis companies are surging this week partly because of a flurry of short sellers covering their bets against the stocks, right as U.S. lawmakers seem to be getting more serious about potentially legalizing the drug.

GameStop shares jump 70% Friday as brokerages warn of risky investments

Canadian investing app Wealthsimple is labelling some stocks as "risky" after a volatile week for shares of GameStop, BlackBerry and other companies favoured by self-directed retail investors.
Analysis

Why a Reddit group pumped GameStop shares up 1,000% on a lark

Shares in an obscure video game retailer have gained more than 1,000 per cent in recent weeks as an army of online investors are waging war against Wall Street behemoths they resent for their power, money and influence.

GameStop shares sell off after Robinhood, TD and other brokerages move to limit trading

The strange saga of GameStop took a new twist on Thursday, as trading brokerage Robinhood put restrictions on trading in the company's shares, a move that drew the ire of the app's merry band of stock-swapping Redditors.

now