Peter Armstrong

Want to know what's happening this week in finance/econ/money news? Have I got a newsletter for you. Read and subscribe here subscriptions.cbc.ca/listmanagement…

St. Paddy's Day fun fact:

The Consumer Price Index (CPI) rose 1.8% on a year-over-year basis in February, following a 2.3% increase in January. www150.statcan.gc.ca/n1/daily-quoti…

On this day in 2008: Bear Stearns collapsed and was sold to JPMorgan for $2 a share. That was 1% its worth a year earlier. The Fed & Treasury hoped it’d help avert a crisis. This employee warned it was just the start. 6 months later, Lehman collapsed.

The first iPhone commercial aired during the Oscars in 2007.

BREAKING: the average price of diesel in Canada has reached the $2 per litre mark for the first time since Jan. 7, 2023.

Employment declined by 84,000 (-0.4%) in February and the employment rate fell 0.2 percentage points to 60.6%. The unemployment rate increased 0.2 percentage points to 6.7%. www150.statcan.gc.ca/n1/daily-quoti…

COLUMN: The White House is running out of ways to curb rising oil prices. "... My working assumption is that the oil market will add $3 to $6 a barrel to the headline price for every day — every single day — that the war continues ..." @Opinion bloomberg.com/opinion/articl…

Oil price shocks are just the beginning if the Strait of Hormuz remains closed cbc.ca/news/business/…

BYD, China’s largest car manufacturer, is actively considering building a plant in Canada while also keeping its options open to acquire a more established global automaker bloomberg.com/news/articles/…

@SamAMcKee @_NickRichard Infectious too

@_NickRichard It’s remarkable how foreign seeing a guy fly in on the forecheck and hammering someone feels.

Leafs could have used a few more of those Pezzetta shifts this season

Easton Cowan ladies and gentlemen That’s some spirit

“Morgan Stanley capped redemptions from one of its private credit funds, returning less than half of the capital that investors sought to cash out.”

As if we needed any other headwinds. But more cracks in private equity bloomberg.com/news/articles/…

Worst case scenario we can just make a new strait. Shouldn't take long once we unleash the productivity boosting powers of AI. Maybe a day or two at most.

Nunavut MP Lori Idlout is crossing the floor, according to the NDP

@AdamWylde Honest question (I swear!) Isn’t this precisely what they’re supposed to be doing? Does anyone want them to win? Shouldn’t they tank and claim that bottom five spot? Maybe berube is just the man for the job?

so if the leafs get stomped tonight, second saturday in a row at home to a division rival, can they really keep Berube with a straight face?

Do yourself a favor- bookmark the GasBuddy Fuel Insights portal and watch fuel prices going up in REAL time based on 12 million weekly price reports. Our dataset is the most comprehensive on the planet. Link below.

Every week, I summarize and analyze developments in flat crude prices, calendar spreads, high-frequency inventories, refined products, and positioning data, as well as a taste of the themes I’ve been thinking about or following closely Subscribe and read: commoditycontext.com/p/ocw10w26

Canadians are going to see their national average hit 150c/L very shortly and it could head to 160-170c/L in the days ahead- prices up 14c/L in the last week alone.

@mattgurney It’s going to be the calmest sporting spring we have had in a decade

Some of you are aware of my current personal circumstances (if you're not, see my pinned tweet). I can tell you that finding silver linings has never been more important. Here's one: I chose a hell of a year to be way, way too occupied to pay any attention to the Maple Leafs.