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 again as global economy infected by coronavirus fear

Stock markets fell for the second day in a row on Tuesday, wiping out gains since the start of the year, as fear over the coronavirus is spreading even faster than the virus itself.

Pandemic bonds were supposed to fund the cost of fighting the coronavirus — so why aren't they paying off?

A fund set up by the World Bank three years ago to help fight infectious diseases has done more to rack up fees for bankers and investors than it has to help doctors battle outbreaks, say some critics.

Canada's inflation rate heats up to 2.4% in January

The cost of living increased at a rate of 2.4 per cent in January from a year earlier, an increase of 0.2 percentage points from December's level.

Ottawa unveils new mortgage stress test rules that will make it easier to pass

Starting in April, the government will change the rules that cover mortgage lending in a way that should in the short term at least make it easier to qualify for a loan to buy a home.

Average Canadian house price hit $504,350 last month, up 11% in past year

The average price of a Canadian home eclipsed $500,000 last month, and it was the best January for sales in a dozen years.

Coronavirus shuts down custom hockey stick factory that serves NHL players

The quarantine applied to a section of central China in response to the coronavirus is having a major impact on something seemingly a world away: hockey sticks in the NHL.

How the coronavirus has helped push down the wholesale price of coffee 30% in a month

The coronavirus has killed hundreds of people, pushed the airline industry into chaos and thrown a wrench into the plans of businesses around the world. And even one of the world's most popular drinks isn't immune to the virus's impact.

Tesla shares soar 40% in 2 days as euphoria sets in — and short sellers get squeezed

Tesla shares are soaring for the second day in a row after the electric car maker sold more vehicles than analysts thought it would, prompting investors to pour money into the stock at a record pace and send short sellers running for the exits.

Suppliers seeking to push Canadian lingerie chain La Senza into bankruptcy for unpaid bills

Companies that supply garments for retailer La Senza are trying to push the company into bankruptcy because they say the lingerie chain isn't paying its bills.

Why worries about the coronavirus are pushing mortgage rates down

Economists are busy trying to calculate the potential economic toll of the coronavirus outbreak. But there's one marketplace that is already quantifying the full force of the bug: mortgages.

Forever 21 to close all 44 locations in Canada as retailer in bankruptcy proceedings

Fashion retailer Forever 21 plans to close all 44 of its stores in Canada along with 168 in the U.S. as the chain undergoes bankruptcy proceedings.

Juul names new CEO, suspends all advertising in U.S. — but no change in Canada

Juul's CEO has abruptly stepped down, and the San Francisco-based company will suspend all broadcast, print and digital product advertising in the United States as a crackdown on the vaping industry it dominates intensifies.

U.S. corporate insiders selling shares at fastest pace since financial crisis a decade ago

Insiders at U.S. corporations sold, on average, $600 million worth of shares in their own companies a day in August. What do they know?

Bank of Canada resists pressure to cut its interest rate — for now

Canada's central bank has decided to keep its benchmark rate at 1.75 per cent, despite 'escalating trade conflicts' that are starting to take a toll on the country's economy.

HBC sells Lord & Taylor to fashion rental chain Le Tote for $100M US

The Hudson's Bay Company has struck a deal with fashion rental chain Le Tote that will see HBC sell its Lord & Taylor unit to Le Tote for $100 million US.