OpenText Corp.’s chief executive says the company plans to shed about 1,200 roles as part of a business optimization plan. In an open letter to stakeholders released Wednesday, Mark Barrenechea describes the cuts as a way of “placing the right talent in the right locations of our business, funding growth and innovations, and completing these … Read more
A cyber outage at retail technology and software provider CDK entered its second consecutive day on Thursday, impacting automobile dealers in Canada and the U.S., the affected companies said on Thursday. CDK briefly shut down all its systems on Wednesday, saying it was investigating a second breach that happened in the evening. CBC News reached out to the company … Read more
Days after Red Lobster filed for Chapter 11 bankruptcy and announced that it would close dozens of its seafood restaurants, the chain’s Canadian counterpart will ask a Canadian court to enforce the U.S. bankruptcy in Canada, CBC News has learned. An application will be brought before the Ontario Superior Court of Justice on May 28 … Read more
Canada’s recruitment of international students has tilted strongly toward filling spots in business programs, while doing little to meet the demand for workers in health care and the skilled trades, according to a CBC News analysis of federal data. CBC obtained figures from Immigration, Refugees and Citizenship Canada (IRCC) showing the fields of education chosen … Read more
A former Shoppers Drug Mart franchise owner has filed a proposed class action lawsuit against the Canadian retail pharmacy chain, and its parent company Loblaw, alleging the companies imposed “unsafe and unethical” corporate practices on franchise owner pharmacists to increase profits. The claim was filed in Ontario Superior Court last week and intends to cover … Read more
Cost of Living27:31Dead brands brought back to life One brand of clothing — specifically pants — has always had a special place in the closet of Alex Curry of Sexsmith, Alta., a small town about 20 kilometres north of Grand Prairie. “From high school, I loved Modrobes. I think from about Grade 7, I really noticed they … Read more
Day 69:34A small business owner resists Momofuku’s bid to trademark Chili Crunch Celebrity chef David Chang says he will no longer enforce the trademark for his chili crunch condiment. The reversal comes after days of criticism, as some said his company, Momofuku, had attempted to bully business owners from selling their own version of the … Read more
A Canadian company that manufactures children’s toy couches finds itself facing a stiff bill for import tariffs after bringing production home to this country. While Barumba Play is no longer importing a majority of its product, a single component of the couches has been reclassified by the Canada Border Services Agency and is no longer … Read more
It’s a store you know by scent. For decades, the sometimes-overwhelming aroma of The Body Shop’s satsuma soaps and coconut body butters have wafted through mall concourses, as much a staple to the culture as the food court. The U.K.-based beauty and cosmetics shop has more than 3,000 retail locations in 70 countries, including 110 standalone … Read more
Business insolvencies jumped by more than 41 per cent in 2023, according to data released Friday by Canada’s top financial regulator. The report from the Office of the Superintendent of Bankruptcy showed that the total number of insolvencies — meaning those filed by both businesses and consumers — was up by 23.6 per cent last year. The … Read more
