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

Apple warns its new credit card shouldn't go in your wallet — or your pocket, or your purse

In Apple's attempt to completely rethink the credit card, it may have lost sight of how people actually use them.

Free mortgages and bond yields turned upside down: trade war impacts veer toward the wacky

The impacts of a simmering global trade war have been easy for most people to ignore so far. But a number of strange developments this week suggest the outlook for the world's economy is looking decidedly bleaker.

Hopes for trade war truce emerge as U.S. scales back Chinese tariff threat

Stock markets surged Tuesday after U.S. trade authorities scaled back plans to put another 10 per cent tariff on Chinese goods starting next month, and have decided to temporarily exclude things like computers, game consoles, some toys and clothes from the punitive measure.

CannTrust shares plunge again as Health Canada deems 2nd cannabis facility 'non-compliant'

Shares in Canadian cannabis company CannTrust lost about a quarter of their value on the stock market Monday after the company said Health Canada has deemed a second one of its facilities "non-compliant with certain regulations."

Trump blasts Fed 'incompetence' as trade war wobbles stock markets again

Donald Trump lashed out at the U.S. central bank on Wednesday, accusing the Federal Reserve's interest rate policy with holding back the economy from winning a trade war he is trying to wage with China.

CRTC tells wireless companies to stop offering 3-year contracts again

Canada's telecom regulator is asking major wireless companies to stop offering cellphone plans in which the cost of the phone is spread out over three years because those offerings may contravene the wireless code.

U.S. central bank cuts interest rate for 1st time since 2008

The U.S. central bank slashed its benchmark interest rate for the first time in more than a decade on Wednesday, reducing the cost of borrowing in an attempt to stimulate the world's largest economy.

Toronto Raptors helped spike Canada's economy in May, StatsCan says

Canada's gross domestic product expanded by 0.2 per cent in May, led by predictable sectors such as construction and manufacturing. But the economy also got a bigger-than-usual boost from the Toronto Raptors' run to the NBA championship.

Another day, another data hack — and truth is, there's not much you can do about it

On the heels of several high profile data thefts affecting billions of people, this week's news that Capital One has been breached reveals an ugly truth for consumers: you've been hacked, whether you know it yet or not.

World's biggest airlines racked up $35B in ancillary revenue from things like bag fees last year

The world's largest airlines raked in more than $35 billion in ancillary revenues last year, a figure that has grown by more than 16 times in barely the past decade.

Mortgage stress test rules get more lenient for first time

There's good news for anyone who has decried the new mortgage stress test rules, as the hurdle set up by Ottawa to save borrowers from themselves just got a bit lower.

It's next to impossible to pay the rent working full time for minimum wage, new report calculates

The odds of a minimum wage worker being able to afford a one- or two-bedroom apartment in just about every city in Canada are next to nil, a new report from an Ottawa-based think-tank says.

Cheaper energy pulls Canada's inflation rate down to 2% in June

Canada's consumer price index rose at a two per cent annual pace in June, as the price of just about everything except energy went up.

New rules lay out rights of Canadian airline passengers. Here's the list

The government has unveiled new protections for airline passengers, rules designed to make sure both airlines and the people who fly on them are up to date on what they are entitled to when things go wrong.

Why today's safer cars aren't driving down insurance costs yet

Modern technology is making cars much safer than they used to be. But those features aren't adding up to lower insurance rates — since those fancy new components cost a lot more to repair and replace.