Peter Armstrong

Senior Business reporter for CBC News. A former host of On the Money and World Report on CBC Radio, Peter Armstrong has been a foreign correspondent and parliamentary reporter for CBC. Twitter: @armstrongcbc

Latest from Peter Armstrong


V, W, U or L? Here's what kind of shape Canada's economy will be in coming out of COVID-19

The COVID-19 pandemic has so far spelled doom for Canada's economy, and the future looks anything but certain. What will happen next is anyone's guess, but economists think the path forward will probably look like one of a few familiar shapes.

Google's expansion plans show why Canada's tech boom is here to stay

Google says it will dramatically expand its Canadian work force. The announcement is a shot in the arm to a tech industry that's quietly made Toronto-Waterloo the fastest growing tech region in North America.

'Master of narrative' Trump tells voters his story about the U.S. economy

U.S. President Donald Trump is trying to shift focus from impeachment to the economy. While not everyone has experienced gains under the Trump administration's policies, he has a persuasive story to tell voters about the overall strength of the economy.

The U.S.-China trade deal is a step toward trade peace, but there's still a long way to go

The U.S. and China have agreed on a Phase 1 trade deal to avoid the implementation of potentially painful new tariffs. But the core of the dispute remains unresolved, Peter Armstrong writes.

Saudi Aramco is now the world's most valuable company - but for how long?

The Saudi kingdom has been talking about selling some shares of its prized oil giant for years. But the Saudi Aramco IPO comes during a rough time for global oil producers.

Huawei funds $56M in academic research in Canada. That has some experts concerned

Chinese telecom giant Huawei is a major provider of academic research funding in Canada. That has some experts alarmed given the company's reported ties to the Chinese government.

Why are stock markets soaring amid so much uncertainty?

One of the biggest forces in global economics right now is uncertainty — it has weighed down the stock market and shaved as much as 0.75 per cent off U.S. GDP growth. Yet the market is setting new records.

A week of tax promises that are more about politics than policy

The two front-running parties started the week with very similar, widely praised tax announcements. But they quickly returned to offering micro-targeted tax policies that are less clear, less fair and less efficient.

When it comes to personal finances, most Canadian voters have the same concerns

Over the course of this election, political parties will spend millions targeting voters. They'll try to convince you they're just like you. They're worried about the same things you are and hopeful about the same things, too. But how much do we Canadians really know about one another?

The vape wars are coming: Companies prepare for the next battle in the cannabis market

A $123-million partnership between a British tobacco giant and a Canadian cannabis company is really all about vaping technology. And it's just one more example of a possible big shift coming to Canada's still-fledgling legal cannabis industry.

As Hong Kong protests continue, some protesters mull moving their money offshore

As Hong Kong braces for another round of demonstrations, business people and others are considering moving their money away from region.

Despite a strong economy, cost of living still top of mind for Canadians

While Canadians say cost of living is their No. 1 concern, economic data actually paints a more optimistic picture.

'It's a problem for society': Climate change is making some homes uninsurable

Climate change has fundamentally changed the nature of the risk for homeowners and insurance companies alike, Peter Armstrong writes.

Here's how the federal government hopes its new carbon tax will work

The federal government is hoping the carbon tax that came into effect in four provinces this week will influence people to make choices that will ultimately reduce emissions.

Canada's chronic shortage of legal cannabis expected to drag out for years

Canada's shortage of pot is now expected to drag on for years. New production is coming online, but ever more cannabis will be diverted to the nascent edibles industry.