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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

6,538 Followers  |  175 Following  |  36 Posts  |  Joined: 04.07.2023  |  2.3044

Latest posts by armstrongcbc.bsky.social on Bluesky

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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...

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...

24.04.2025 15:31 β€” πŸ‘ 9    πŸ” 1    πŸ’¬ 1    πŸ“Œ 1
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Mind your Business The final week of the election campaign

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...

21.04.2025 15:54 β€” πŸ‘ 10    πŸ” 2    πŸ’¬ 0    πŸ“Œ 0
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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.

Does china have more leverage in this trade war than the Trump admin thought?

www.cbc.ca/news/world/u...

17.04.2025 14:18 β€” πŸ‘ 5    πŸ” 0    πŸ’¬ 1    πŸ“Œ 0

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

15.04.2025 12:32 β€” πŸ‘ 4    πŸ” 0    πŸ’¬ 0    πŸ“Œ 0

On days like this - I listen to Ed, who knows markets and policy better than most

09.04.2025 18:34 β€” πŸ‘ 10    πŸ” 1    πŸ’¬ 0    πŸ“Œ 0
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No wonder so many countries are having a hard time understanding where things stand with the US administration on tariffs

06.04.2025 15:39 β€” πŸ‘ 8    πŸ” 1    πŸ’¬ 2    πŸ“Œ 0
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Dollar falling virtually every major currency in the world right now

03.04.2025 10:26 β€” πŸ‘ 685    πŸ” 174    πŸ’¬ 30    πŸ“Œ 20
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Everything is going according to plan I see

03.04.2025 10:45 β€” πŸ‘ 23    πŸ” 7    πŸ’¬ 3    πŸ“Œ 1
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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

01.04.2025 14:46 β€” πŸ‘ 9    πŸ” 0    πŸ’¬ 2    πŸ“Œ 2
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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...

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...

28.03.2025 13:09 β€” πŸ‘ 1    πŸ” 1    πŸ’¬ 0    πŸ“Œ 0

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

07.01.2025 22:09 β€” πŸ‘ 12    πŸ” 8    πŸ’¬ 2    πŸ“Œ 0
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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

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...

08.01.2025 01:54 β€” πŸ‘ 7    πŸ” 2    πŸ’¬ 1    πŸ“Œ 0
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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...

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...

07.01.2025 21:53 β€” πŸ‘ 7    πŸ” 3    πŸ’¬ 3    πŸ“Œ 1
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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.

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...

17.12.2024 00:09 β€” πŸ‘ 9    πŸ” 2    πŸ’¬ 0    πŸ“Œ 0
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What a day

16.12.2024 23:35 β€” πŸ‘ 24    πŸ” 1    πŸ’¬ 5    πŸ“Œ 0

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...

09.12.2024 16:13 β€” πŸ‘ 4    πŸ” 1    πŸ’¬ 0    πŸ“Œ 0
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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

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...

09.12.2024 16:11 β€” πŸ‘ 12    πŸ” 7    πŸ’¬ 1    πŸ“Œ 0
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.

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...

05.12.2024 14:01 β€” πŸ‘ 13    πŸ” 7    πŸ’¬ 2    πŸ“Œ 1

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!

27.11.2024 22:07 β€” πŸ‘ 24    πŸ” 6    πŸ’¬ 1    πŸ“Œ 0
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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.

Canadian dollar climbs back into the 71 cent US range after overnight sell off

ca.finance.yahoo.com/quote/CADUSD...

26.11.2024 15:01 β€” πŸ‘ 9    πŸ” 0    πŸ’¬ 0    πŸ“Œ 0
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Mind your Business How the Bank of Canada will read this week's GDP numbers

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...

25.11.2024 17:09 β€” πŸ‘ 2    πŸ” 0    πŸ’¬ 0    πŸ“Œ 0
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 COVIDΒ pandemic, the loonie is weaker than it's been since 2015.

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...

24.11.2024 15:27 β€” πŸ‘ 2    πŸ” 1    πŸ’¬ 0    πŸ“Œ 0

Hey! Nice to see you

19.11.2024 16:25 β€” πŸ‘ 1    πŸ” 0    πŸ’¬ 0    πŸ“Œ 0

Consensus seems to be more rate cuts to come. But probably less aggressive. 25bps in December

19.11.2024 16:24 β€” πŸ‘ 0    πŸ” 0    πŸ’¬ 0    πŸ“Œ 0

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%)

19.11.2024 13:31 β€” πŸ‘ 10    πŸ” 2    πŸ’¬ 1    πŸ“Œ 1
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Canadian dollar has been testing 71 U.S. cents today – lowest level since early in the pandemic.

15.11.2024 18:37 β€” πŸ‘ 10    πŸ” 4    πŸ’¬ 0    πŸ“Œ 3

Doesn't the act of picking specific irritants also serve as an admission that those issues weren't dealt with in the first administration?
Dairy, dispute settlements (ISDS) car parts?

13.11.2024 16:04 β€” πŸ‘ 2    πŸ” 0    πŸ’¬ 0    πŸ“Œ 0
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Trump’s appointees have criticized Trudeau, warned of border issues with Canada As Donald Trump starts making crucial decisions about his administration, designations for foreign policy and border positions have sent signals to Canada about America’s path forward

β€œI don’t see a whole lot of friends of Canada in there,” said Fen Hampson, from Carleton University in Ottawa

I'm still trying to get my head around what changes we will see in Canada-US trade policy...

www.theglobeandmail.com/politics/art...

13.11.2024 16:02 β€” πŸ‘ 6    πŸ” 0    πŸ’¬ 1    πŸ“Œ 0

I would have done a thread like that. But I didn’t want to do the work

12.11.2024 01:25 β€” πŸ‘ 14    πŸ” 0    πŸ’¬ 0    πŸ“Œ 0
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Mind your Business Trump won. Now what?

This weeks newsletter is out. What does a second Trump term mean for the Canadian economy?
Check it out here
subscriptions.cbc.ca/message/samp...

11.11.2024 19:33 β€” πŸ‘ 1    πŸ” 0    πŸ’¬ 0    πŸ“Œ 0

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