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Peter Armstrong

Peter Armstrong

Senior Business Correspondent at CBLT-TV (CBC Toronto) Online

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Location
Canada
Covering topics
  • Business
  • General Assignment News
Languages
  • English
Influence score
71
Media Database
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Peter Armstrong
cbc.ca

WeWork has failed. Like a lot of other tech startups, it left damage in its wake - CBC News

Tech companies like WeWork enter the market with big promises to disrupt and make life better, cooler or easier. At first they’re willing to lose millions of dollars a month, but they eventually start to behave more and more like the incumbents. But by then, the existing industry has been changed as well.
cbc.ca

The 'sugar rush' effect: Why the U.S. economy is growing faster tha...

The American and Canadian economies are very similar. Inflation is decelerating, employment remains robust, but one is growing by 4.9 per cent while the other is flirting with a recession.
cbc.ca

Inflation is cooling. The cost of living crisis is not - CBC.ca

Inflation is decelerating, which should give the Bank of Canada enough wiggle room to pause interest rate hikes. But there’s a big difference between things not getting worse and things getting better.
cbc.ca

Alarm bells are ringing: What markets are trying to warn us about t...

Economic data has been surprisingly resilient, but financial markets don’t believe the numbers. What messages and warnings are markets sending — and should we be heeding them?
cbc.ca

3 reasons the Bank of Canada may be set to pause interest rate hike...

The Bank of Canada will announce its latest interest rate policy on Wednesday. The central bank appears poised to make good on its promise to pause rate increases.
cbc.ca

3 reasons the Bank of Canada may be set to pause interest rate hike...

The Bank of Canada will announce its latest interest rate policy on Wednesday. The central bank appears poised to make good on its promise to pause rate increases.
cbc.ca

The fight to tame inflation has only just begun - CBC News

The Bank of Canada is trying to get inflation all the way down to two per cent. But many of the forces that kept inflation low and stable for decades may have “run their course.”

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cbc.ca

Canada's job growth is challenging basic economic theory. Are the m...

Canada added 150,000 jobs last month even as inflation decelerated. That’s challenging basic economic theory about what is supposed to be happening.
cbc.ca

Tech layoffs mount — but skilled workers are still hard to find - C...

The tech industry added jobs in droves during the pandemic, when it expected consumers to remain online even after COVID waned. Now those firms are laying off thousands of employees, even as smaller companies struggle to find skilled workers.
cbc.ca

High office vacancy rates spell continuing trouble for shops depend...

Businesses that depend on the flow of office workers are struggling as vacancy rates in office towers across Canada continue to rise. Vancouver’s office tower vacancy rate has tripled since 2019, while Montreal’s has doubled.
cbc.ca

ANALYSIS | Canada added 108,000 jobs last month. Here’s why that ma...

Adding 108,000 jobs is good news. But it means the Bank of Canada’s efforts to slow the economy may not be working as well as it had hoped. What will the bank do if those efforts aren’t working?