Starbucks CEO Laxman Narasimhan has been removed from the role after only a year and a half after a larger than expected drop in sales. Brian Niccol of Chipotle was named his replacement and will assume the role September 9. He has been credited with growing Chipotle’s stock price by nearly 800 percent under his leadership. Narasimhan, who was...

Members at some of Costco Wholesale’s Canadian locations will be subject to its test of membership card scanners at the entrances at stores in Ottawa, Edmonton, Regina, and the B.C. Lower Mainland in a pilot that will test the approach at only a handful of its more than 100 stores across Canada. Currently, there are greeters who verify that...

Tourmaline Oil Company will acquire Montney-focused natural gas producer Crew Energy Inc. for $1.3 billion, another takeover in the company’s years-long efforts to aggressively snap up natural gas assets including exploration, development, and production to position itself as Canada’s largest natural gas producer by volume and the fifth largest...

Corus Entertainment has filed with the Canadian Radio-television and Telecommunications Commission (CRTC), claiming that Rogers has used its dominance in the market to put Corus and other independent media companies at an unfair disadvantage, contrary to conditions that were set by the CRTC when it approved the company’s takeover of Shaw’s...

A CrowdStrike outage last month that caused mass flight cancellations and customer compensation in the form of both cash and SkyMiles has reportedly cost Delta Air Lines $550 million: $380 million in revenue and $170 million in associated expenses. As such, the carrier plans to pursue legal action against both CrowdStrike and Microsoft to recoup...

With more than $50 million in liabilities, B.C. Tree Fruits Cooperative, an organization that has served farmers for nearly a century with storage and packing, amongst other supports, has filed for creditor protection due to a liquidity crisis caused by a series of hard years. The move comes after the co-operative announced that it would be...