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

Shakeup at Indigo as almost half of company's board exits and chair Heather Reisman will also leave soon

Four members of Indigo's board of directors have abruptly resigned, and the company has announced that chair Heather Reisman will retire this summer.

Bank of Canada hikes interest rate again — and there may be more to come

The Bank of Canada decided to raise its benchmark interest rate to 4.75 per cent on Wednesday.

First Binance, now Coinbase: SEC accuses crypto trading platforms of being illegal

On Tuesday, the U.S. Securities and Exchange Commission sued Coinbase Inc., the largest U.S. crypto asset trading platform, accusing it of illegally operating without having first registered with the regulator.

The Bank of Canada's 'conditional pause' on interest rates may be over — so brace for another hike soon

There could be bad news for anyone with a mortgage this week, as speculation is growing that the Bank of Canada is getting ready to start raising lending rates again.

Meta to start blocking news content for up to 5% of Canadian Facebook, Instagram users

Meta will soon block some Canadian users of Facebook and Instagram from accessing or posting news content until the end of the month.

Air Canada flight communicator system breaks down, causing widespread delays

Air Canada is experiencing an issue with one of its internal systems, leading to flight delays across its network. The issue is causing delays across the system, with 227 flights delayed so far on Thursday, according to That's about 43 per cent of the airline's daily load.

Air Canada pilots pull out of current job contract early to start new talks with airline this summer

Air Canada's pilots are pulling out of their nine-year-old labour framework with the airline in a bid to renegotiate a better deal starting this summer.

Boost THC limit for cannabis edibles and loosen packaging rules, Competition Bureau recommends

Canada's competition watchdog says the federal government should consider loosening the restrictive rules on how cannabis has to be packaged and raise the amount of psychoactive ingredients that are allowed in edible products to help the industry thrive and stamp out the black market while maintaining public safety.

Booming demand for microchips for AI pushes Nvidia shares up 25% — to a $1T valuation

Microchip maker Nvidia Corp. was poised to join an exclusive list of companies worth more than $1 trillion on Thursday as the company said that feverish demand for AI technology was causing booming demand for its products.

Profits dip as BMO and Scotiabank set aside hundreds of millions to cover bad loans

Two of Canada's biggest lenders revealed quarterly earnings on Wednesday that suggest a gloomier outlook for Canada's economy, with sharply lower profits and a large jump in the amount of money they're setting aside to cover bad loans.