Peter Armstrong
@armstrongcbc.bsky.social
I work at the CBC. I write about economics. But I mostly post about tennis, the leafs and traffic
Check out my newsletter here:
CBC.ca/mindyourbusiness
Check out my newsletter here:
CBC.ca/mindyourbusiness
Has Canada dodged a recession? Probably (for now)
But it sure feels like one for many Canadian workers
www.cbc.ca/news/busines...
But it sure feels like one for many Canadian workers
www.cbc.ca/news/busines...
ANALYSIS | Canada's economy has slowed, but may have avoided an outright recession | CBC News
Canada's economy has weakened as a result of Donald Trump's tariffs. But sweeping exemptions for most Canadian exports has meant the economy has performed better than many feared. This week, new GDP n...
www.cbc.ca
September 24, 2025 at 12:32 PM
Has Canada dodged a recession? Probably (for now)
But it sure feels like one for many Canadian workers
www.cbc.ca/news/busines...
But it sure feels like one for many Canadian workers
www.cbc.ca/news/busines...
Stock markets soared to all new highs again this week. Driven by a handful of companies betting big on AI
Can it last?
www.cbc.ca/news/busines...
Can it last?
www.cbc.ca/news/busines...
ANALYSIS | Stocks are soaring, fuelled by AI investments. Can it last? | CBC News
The stock market is running hot, driven by AI exuberance. Meta, Amazon, Google, Nvidia are driving the record gains on the promise AI will bring big changes to businesses. But right now, many of the p...
www.cbc.ca
August 14, 2025 at 4:13 PM
Stock markets soared to all new highs again this week. Driven by a handful of companies betting big on AI
Can it last?
www.cbc.ca/news/busines...
Can it last?
www.cbc.ca/news/busines...
Whoever wins this election will have an enormous task: rebuild the Canadian economy. Business leaders have given a sense of where to start
Speed up resource approvals
Scrap interprovincial trade barriers
Use military spending to boost manufacturing
Tap into the AI boom
www.cbc.ca/news/busines...
Speed up resource approvals
Scrap interprovincial trade barriers
Use military spending to boost manufacturing
Tap into the AI boom
www.cbc.ca/news/busines...
ANALYSIS | How can we rebuild the Canadian economy? Business leaders say there are 4 priorities | CBC News
Once the election is over, Canada's new prime minister will have to move fast and pick priorities to strengthen the economy. The good news is both the Conservative and Liberal leaders agree on (most o...
www.cbc.ca
April 24, 2025 at 3:31 PM
Whoever wins this election will have an enormous task: rebuild the Canadian economy. Business leaders have given a sense of where to start
Speed up resource approvals
Scrap interprovincial trade barriers
Use military spending to boost manufacturing
Tap into the AI boom
www.cbc.ca/news/busines...
Speed up resource approvals
Scrap interprovincial trade barriers
Use military spending to boost manufacturing
Tap into the AI boom
www.cbc.ca/news/busines...
There's a week left in the election campaign
Who ever wins will face a herculean task of rebuilding the Canadian economy
What's the state of the economy the next prime minister will inherit?
Check out this week's newsletter
subscriptions.cbc.ca/newsletter_s...
Who ever wins will face a herculean task of rebuilding the Canadian economy
What's the state of the economy the next prime minister will inherit?
Check out this week's newsletter
subscriptions.cbc.ca/newsletter_s...
Mind your Business
The final week of the election campaign
subscriptions.cbc.ca
April 21, 2025 at 3:54 PM
There's a week left in the election campaign
Who ever wins will face a herculean task of rebuilding the Canadian economy
What's the state of the economy the next prime minister will inherit?
Check out this week's newsletter
subscriptions.cbc.ca/newsletter_s...
Who ever wins will face a herculean task of rebuilding the Canadian economy
What's the state of the economy the next prime minister will inherit?
Check out this week's newsletter
subscriptions.cbc.ca/newsletter_s...
Does china have more leverage in this trade war than the Trump admin thought?
www.cbc.ca/news/world/u...
www.cbc.ca/news/world/u...
ANALYSIS | The U.S.-China trade war is escalating. But China may have more leverage than the U.S. thought | CBC News
With the U.S. and China escalating their trade war, experts say China believes it can both inflict more damage on the U.S. and tolerate more pain.
www.cbc.ca
April 17, 2025 at 2:18 PM
Does china have more leverage in this trade war than the Trump admin thought?
www.cbc.ca/news/world/u...
www.cbc.ca/news/world/u...
Inflation slowed in march, easing from 2.6% to 2.3%
The data doesn’t capture much of the impact of tariffs, which will drive up price growth
The data doesn’t capture much of the impact of tariffs, which will drive up price growth
April 15, 2025 at 12:32 PM
Inflation slowed in march, easing from 2.6% to 2.3%
The data doesn’t capture much of the impact of tariffs, which will drive up price growth
The data doesn’t capture much of the impact of tariffs, which will drive up price growth
On days like this - I listen to Ed, who knows markets and policy better than most
Thread on tariffs and asset prices:
Here’s my take that I just shared with Tim Stenovic and Carol Massar on Bloomberg TV
The economic paradigm is still the same, a wholesale shift from lowered tariffs and free trade to higher ones, protectionism and policy uncertainty
/1
Here’s my take that I just shared with Tim Stenovic and Carol Massar on Bloomberg TV
The economic paradigm is still the same, a wholesale shift from lowered tariffs and free trade to higher ones, protectionism and policy uncertainty
/1
April 9, 2025 at 6:34 PM
On days like this - I listen to Ed, who knows markets and policy better than most
No wonder so many countries are having a hard time understanding where things stand with the US administration on tariffs
April 6, 2025 at 3:39 PM
No wonder so many countries are having a hard time understanding where things stand with the US administration on tariffs
Reposted by Peter Armstrong
Dollar falling virtually every major currency in the world right now
April 3, 2025 at 10:26 AM
Dollar falling virtually every major currency in the world right now
Everything is going according to plan I see
April 3, 2025 at 10:45 AM
Everything is going according to plan I see
I sure hope that $7.7 billion Rogers deal for NHL rights finally puts an end to insane black out policies
Wouldn’t it be nice to watch this Habs/Panthers game tonight as fans check in on divisional rivals and playoff races.
Alas. Not available in Toronto
Wouldn’t it be nice to watch this Habs/Panthers game tonight as fans check in on divisional rivals and playoff races.
Alas. Not available in Toronto
April 1, 2025 at 2:47 PM
I sure hope that $7.7 billion Rogers deal for NHL rights finally puts an end to insane black out policies
Wouldn’t it be nice to watch this Habs/Panthers game tonight as fans check in on divisional rivals and playoff races.
Alas. Not available in Toronto
Wouldn’t it be nice to watch this Habs/Panthers game tonight as fans check in on divisional rivals and playoff races.
Alas. Not available in Toronto
Donald Trump wants to see more cars that are made in America
But does such a thing even exist any more?
www.cbc.ca/news/busines...
But does such a thing even exist any more?
www.cbc.ca/news/busines...
ANALYSIS | Is there such a thing as a Made in America car anymore? | CBC News
There's no such thing as a "Made in America" car anymore. And there hasn't been for years. Cars across the continent are made through an intricate and complex web of companies working together to make...
www.cbc.ca
March 28, 2025 at 1:09 PM
Donald Trump wants to see more cars that are made in America
But does such a thing even exist any more?
www.cbc.ca/news/busines...
But does such a thing even exist any more?
www.cbc.ca/news/busines...
Reposted by Peter Armstrong
CRA interpretation of its statutory authority is ripe for a constitutional challenge. It anticipates Parliamentary approval and implements tax measures as soon as a ways and means motion is tabled. It does not wait for a bill. I’ve never understood how this is legal
Prorogation killed the liberal proposal to increase the capital gains inclusion rate. So, why is the CRA still collecting at the higher rate?
www.cbc.ca/news/busines...
www.cbc.ca/news/busines...
ANALYSIS | Capital gains tax changes are in limbo. But the CRA is collecting new charges anyway | CBC News
When Parliament was prorogued, all bills and motions that had not yet received royal assent were essentially killed. So why is the Canada Revenue Agency charging higher capital gains taxes that were n...
www.cbc.ca
January 7, 2025 at 10:09 PM
CRA interpretation of its statutory authority is ripe for a constitutional challenge. It anticipates Parliamentary approval and implements tax measures as soon as a ways and means motion is tabled. It does not wait for a bill. I’ve never understood how this is legal
Reposted by Peter Armstrong
Two Globe pieces on the capital gains change kerfuffle:
This one features some thoughts from me: www.theglobeandmail.com/business/art...
This one has some thoughts from Fred O'Riordan:
www.theglobeandmail.com/investing/pe...
This one features some thoughts from me: www.theglobeandmail.com/business/art...
This one has some thoughts from Fred O'Riordan:
www.theglobeandmail.com/investing/pe...
Uncertainty around capital-gains tax clouds fiscal outlook for Ottawa, provinces
If the tax changes never become law, the CRA will likely need to refund affected taxpayers, resulting in lower federal and provincial tax revenue than forecast
www.theglobeandmail.com
January 8, 2025 at 1:54 AM
Two Globe pieces on the capital gains change kerfuffle:
This one features some thoughts from me: www.theglobeandmail.com/business/art...
This one has some thoughts from Fred O'Riordan:
www.theglobeandmail.com/investing/pe...
This one features some thoughts from me: www.theglobeandmail.com/business/art...
This one has some thoughts from Fred O'Riordan:
www.theglobeandmail.com/investing/pe...
Prorogation killed the liberal proposal to increase the capital gains inclusion rate. So, why is the CRA still collecting at the higher rate?
www.cbc.ca/news/busines...
www.cbc.ca/news/busines...
ANALYSIS | Capital gains tax changes are in limbo. But the CRA is collecting new charges anyway | CBC News
When Parliament was prorogued, all bills and motions that had not yet received royal assent were essentially killed. So why is the Canada Revenue Agency charging higher capital gains taxes that were n...
www.cbc.ca
January 7, 2025 at 9:53 PM
Prorogation killed the liberal proposal to increase the capital gains inclusion rate. So, why is the CRA still collecting at the higher rate?
www.cbc.ca/news/busines...
www.cbc.ca/news/busines...
Paul Wells (@inklesspw.bsky.scoial) once said "For any given situation, Canadian politics will tend toward the least exciting possible outcome."
Today was a day that broke that rule
My musings from the weirdest lock up in Canadian politics
www.cbc.ca/news/politic...
Today was a day that broke that rule
My musings from the weirdest lock up in Canadian politics
www.cbc.ca/news/politic...
freeland-trudeau-fes-deficit | CBC News
Monday’s media lockup for the Fall Economic Statement (FES) will go down in history as one of the weirdest events in Canadian political history.
www.cbc.ca
December 17, 2024 at 12:09 AM
Paul Wells (@inklesspw.bsky.scoial) once said "For any given situation, Canadian politics will tend toward the least exciting possible outcome."
Today was a day that broke that rule
My musings from the weirdest lock up in Canadian politics
www.cbc.ca/news/politic...
Today was a day that broke that rule
My musings from the weirdest lock up in Canadian politics
www.cbc.ca/news/politic...
The bank of Canada will have to juggle multiple concerns when it decides what to do about interest rates this week
Read up on the week ahead in this weeks newsletter
subscriptions.cbc.ca/message/samp...
Read up on the week ahead in this weeks newsletter
subscriptions.cbc.ca/message/samp...
subscriptions.cbc.ca
December 9, 2024 at 4:13 PM
The bank of Canada will have to juggle multiple concerns when it decides what to do about interest rates this week
Read up on the week ahead in this weeks newsletter
subscriptions.cbc.ca/message/samp...
Read up on the week ahead in this weeks newsletter
subscriptions.cbc.ca/message/samp...
I’ve been thinking a lot about this @markmackinnon.bsky.social piece about the kids who sparked the Syrian revolution by posting some graffiti
What a tragic road that country has been on
www.theglobeandmail.com/world/articl...
What a tragic road that country has been on
www.theglobeandmail.com/world/articl...
The graffiti kids: How an act of teenage rebellion sparked the Syrian war
The Globe and Mail offers the most authoritative news in Canada, featuring national and international news
www.theglobeandmail.com
December 9, 2024 at 4:11 PM
I’ve been thinking a lot about this @markmackinnon.bsky.social piece about the kids who sparked the Syrian revolution by posting some graffiti
What a tragic road that country has been on
www.theglobeandmail.com/world/articl...
What a tragic road that country has been on
www.theglobeandmail.com/world/articl...
Trump tariffs would plunge Canada into a recession. Is that threat enough to force provinces and territories to remove internal trade barriers?
www.cbc.ca/news/busines...
www.cbc.ca/news/busines...
ANALYSIS | One solution to weathering Trump's tariffs | CBC News
Donald Trump's proposed tariffs could plunge Canada into a recession. Experts say opening up inter-jurisdictional trade within the country could boost growth enough to offset that damage.
www.cbc.ca
December 5, 2024 at 2:01 PM
Trump tariffs would plunge Canada into a recession. Is that threat enough to force provinces and territories to remove internal trade barriers?
www.cbc.ca/news/busines...
www.cbc.ca/news/busines...
Reposted by Peter Armstrong
I've said this a million times. The internet is meant to be a distributed network. For it to work that way, we need to become active nodes. The old internet was a beautiful thing -- let's bring it back!
the internet sucks in part because no one makes their own personal websites anymore aftermath.site/website-musk...
For Love of God, Make Your Own Website - Aftermath
The internet felt like a limitless expanse of free expression. Now I usually end up at the same three or four websites.
aftermath.site
November 27, 2024 at 10:07 PM
I've said this a million times. The internet is meant to be a distributed network. For it to work that way, we need to become active nodes. The old internet was a beautiful thing -- let's bring it back!
Canadian dollar climbs back into the 71 cent US range after overnight sell off
ca.finance.yahoo.com/quote/CADUSD...
ca.finance.yahoo.com/quote/CADUSD...
CAD/USD (CADUSD=X) Stock Price, News, Quote & History - Yahoo Finance
Find the latest CAD/USD (CADUSD=X) stock quote, history, news and other vital information to help you with your stock trading and investing.
ca.finance.yahoo.com
November 26, 2024 at 3:01 PM
Canadian dollar climbs back into the 71 cent US range after overnight sell off
ca.finance.yahoo.com/quote/CADUSD...
ca.finance.yahoo.com/quote/CADUSD...
Check out this week's newsletter
A look ahead to this week's GDP numbers, impact of Black Friday and a few smart things to read, watch and listen to from friends and competitors
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A look ahead to this week's GDP numbers, impact of Black Friday and a few smart things to read, watch and listen to from friends and competitors
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Mind your Business
How the Bank of Canada will read this week's GDP numbers
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November 25, 2024 at 5:09 PM
Check out this week's newsletter
A look ahead to this week's GDP numbers, impact of Black Friday and a few smart things to read, watch and listen to from friends and competitors
subscriptions.cbc.ca/message/samp...
A look ahead to this week's GDP numbers, impact of Black Friday and a few smart things to read, watch and listen to from friends and competitors
subscriptions.cbc.ca/message/samp...
ICYMI - my column this week looking at whether the loonie will slip below 70 cents US and what that means to the economy
www.cbc.ca/news/busines...
www.cbc.ca/news/busines...
ANALYSIS | Testing lows not seen in years, a low loonie is a boon for exporters | CBC News
The Canadian dollar has slipped to its lowest level in five years. Outside of the depths of the COVID pandemic, the loonie is weaker than it's been since 2015.
www.cbc.ca
November 24, 2024 at 3:28 PM
ICYMI - my column this week looking at whether the loonie will slip below 70 cents US and what that means to the economy
www.cbc.ca/news/busines...
www.cbc.ca/news/busines...
The Consumer Price Index (CPI) rose 2.0% on a year-over-year basis in October, up from a 1.6% increase in September, as gasoline prices fell to a lesser extent in October (-4.0%) compared with September (-10.7%)
November 19, 2024 at 1:31 PM
The Consumer Price Index (CPI) rose 2.0% on a year-over-year basis in October, up from a 1.6% increase in September, as gasoline prices fell to a lesser extent in October (-4.0%) compared with September (-10.7%)