Pete Evans

Senior Writer, CBCNews.ca

Pete Evans is the senior business writer for CBCNews.ca. Prior to coming to the CBC, he had stints at Report on Business, the Financial Post, the Toronto Star, Canadian Business Magazine and elsewhere. Twitter: @p_evans Email: pete.evans@cbc.ca Secure PGP: https://secure.cbc.ca/public-key/Pete-Evans-pub.asc

Latest from Pete Evans

What's in a name? When it comes to trusting self-driving technology, a lot

Drivers are far too trusting of self-driving technology, making them too comfortable with distractions behind the wheel, a new report says. And a major reason why seems to be the names that car companies give to their rudimentary autonomous systems.

Canadian corporations dodged up to $11B in taxes in a year, CRA report finds

Canadian companies avoided paying up to $11.4 billion worth of taxes in 2014, the federal tax agency says.

Government lays out fine print of new CMHC program that could contribute 10% to price of first home

The government has released details of a program it announced during the last federal budget, an initiative that could see Canada's housing agency contribute up to 10 per cent of the price of a buyer's first home if certain conditions are met.

Raptors playoff run an economic slam dunk for Toronto businesses — but will it last?

Local Toronto businesses likely raked in millions of dollars from the Toronto Raptors' run to become NBA champions. But turning all those dollars and temporary attention into a long-term money maker is no sure thing.

Shareholders in HBC propose to take the company private

A group that currently controls 57 per cent of the shares in Hudson's Bay Company is proposing to buy up the rest of them and take the retailer private.

Canada's jobless rate drops to 5.4%, lowest level in 43 years

The Canadian economy added 27,700 jobs in May, enough to push the jobless rate down to 5.4 per cent — its lowest level since 1976.

'Pretty cheap money': Canadian mortgage rates falling to their lowest level in 2 years

House prices may be as high as ever in many parts of the country, but Canadian homebuyers are being offered some of the lowest mortgage rates seen in years as lenders battle to drum up new business.

Price of coffee plunges to 13-year low — but maybe not at your local coffee shop

It may be hard to believe based on how much you shelled out for your morning cup of joe, but the price of coffee has fallen to its lowest level in more than a decade.

Uber loses another 10% in second trading day after going public

Shares in ride-hailing company Uber lost another 10 per cent on Monday, dipping by the close to $36.40 per share, only days after the company went public at $45 per share.
Analysis

Why investors can't wait to buy into Uber, a company that's never made money — and maybe never will

Ride-sharing pioneer Uber is set to go public Friday. But beneath the hype, there are reasons to be concerned about those high-flying expectations soaring above an ocean of red ink.

Digital economy is bigger than mining, forestry, oil and gas, StatsCan says

Canada's digital economy is growing much faster than the rest of the economy and is already bigger than staple industries such as mining, forestry and oil and gas.

Bombardier to sell plane factories in Belfast, Morocco that employ 4,000

Canadian company Bombardier says it plans to consolidate its plane-making businesses into a single entity and sell off factories in Northern Ireland and Morocco to focus on profitable parts of the business.

Who might want to buy Air Transat? A look at some possible suitors

The company that owns Air Transat said Tuesday it has been approached by more than one interested party inquiring about a possible sale of the company. While the travel, hotel and airline operator isn't saying who, analysts and other observers have a few guesses as to who the mystery buyers might be.

Plant-based eating goes mainstream as Beyond Meat targets Canadian grocery shelves

A California company that was overwhelmed by demand for its meatless fast food burger is hoping to capitalize on the rising trend of vegetarianism and sell directly to Canadian grocery stores starting now.

Bank of Canada holds interest rate steady, hints low rates could stick around

The Bank of Canada keeps its benchmark interest rate at 1.75 per cent, and downgrades its forecast for economic growth from 1.7 per cent this year to 1.2 per cent. The Canadian dollar loses half a cent to trade below 74 cents US as a result of the bleak outlook.