Pete Evans

Senior 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, Canadian Business Magazine and — believe it or not — Circuits Assembly Magazine. Twitter: @p_evans Email: Secure PGP:

Latest from Pete Evans

Stock markets sell off as inflation fears settle in

Stock markets were a sea of red on Wednesday as financial results from major U.S. retailers suggested they're having a hard time dealing with stubbornly high inflation.

Canada's inflation rate inches up again, to new 31-year high of 6.8%

The cost of living continues to rise at the fastest pace in decades, with Canada's official inflation rate rising at a 6.8 per cent annual pace in April, a new 31-year high.

Canadian home prices fall 6% in April, down for 2nd month in a row

The average price of a Canadian home stood at $746,000 in April, down six per cent from the previous month but still higher than a year ago.

Canada added 15,000 jobs in April, enough to push jobless rate to record-low 5.2%

Canada's economy added 15,300 jobs in April, the third monthly increase in a row after a major hit from Omicron earlier in the year.

Stock markets had their worst day in months as rate hikes, high inflation rattle investors

Stock markets around the world fell on Thursday as investors faced up to the prospect of persistent high inflation, and much higher borrowing costs to fight it.

Canada's economy bounced back from Omicron in February, growing at fastest pace in a year

Canada's economy expanded by 1.1 per cent in February, its fastest pace in a year as businesses bounced back from previous lockdowns and restrictions put in place to deal with the Omicron variant of COVID-19.

Tesla shares plunge 12% as investors wary of Elon Musk's Twitter plan

The value of Tesla fell by more than $100 billion US on Tuesday as investors digested news that the company's CEO may have to sell part of his stake in the company to buy Twitter — and will likely be distracted from his day job while he does.

Elon Musk to buy Twitter for $44B US

Elon Musk has sealed a deal to acquire Twitter for $44 billion US.

Big Tech hiring cements Canada's status as Silicon Valley North — but there's a catch

A flurry of hiring in Canada from companies like Amazon, Meta and Google has cemented our status as a growing tech hub. But clouds are forming over Silicon Valley North, as homegrown startups are having a harder time than ever attracting and retaining the best and brightest tech minds.

As inflation ticks ever higher, Macklem won't rule out super-sized rate hike

With inflation showing no signs of abating despite hitting its highest level in more than 30 years, the head of the Bank of Canada opened the door to bigger and faster rate hikes to try to rein in the runaway increase in the cost of living.