SRTX temporarily lays off 40 percent of staff ahead of US tariff “worst-case scenario”
Sheertex tights maker says tariffs could slap 41-percent duty on some shipments to US.
Retail
Shopify CEO commits to ‘buy local’ features for Shop app after criticizing Canada’s tariff response
US and Canada first to be featured as Tobi Lütke claims Shopify is “unaffected” by tariffs.
Why Canadian commerce startups are building “live shopping” into their marketing plans
Connie Lo of Three Ships sold $20,000 in beauty products in the company’s first hour live.
SRTX’s Katherine Homuth wants to solve for everything
SRTX founder explains how solving for one problem led to modernizing Western manufacturing.
Innovation Minister says Canada will review business relationship with Amazon following Québec retreat
Open letter says Amazon’s decision “raises questions” about its commitment to Canada.
Amazon to close all Québec facilities, hand over delivery to third parties
Local courier Intelcom may be poised to take over deliveries, Radio-Canada reports.
Shopify quietly kills Indigenous entrepreneurship program Build Native
Build Native program lead and Head of Equitable Commerce no longer work at the company.
Shopify acquires Shop.ca domain from Emerge Commerce
Shopify continues nurturing its Amazon alternative as e-commerce competition heats up.
Carbon6 to be acquired by US-based SPS Commerce for $301 million CAD to grow e-commerce merchant toolkit
Co-founder says company was grateful to land rare nine-figure Canadian tech exit.
Paystone to acquire fellow payments processor Ackroo for $21 million
The last time Ackroo stock was valued at the purchase price of $0.15 per share was November 2021.
Cookin acquired by US-based, fellow chef-made meal delivery startup CookUnity
CookUnity eyes Canadian expansion starting with Toronto in 2025.
Sheertex maker SRTX gets $35 million CAD backing from IQ to grow manufacturing operations in Québec
STRX looking to close $70-million CAD convertible note financing round before end of year.
Canada Post strike didn’t slow Shopify’s record-breaking BFCM weekend
Shopify merchants drove $11.5 billion USD in sales over the weekend, eclipsing last year by more than $2 billion.
Lightspeed lays off 200 employees in second restructuring of the year
Online brokerage firm Questrade also reportedly laid off an undisclosed number of employees in recent days.
Hopper restructures again following renewal of Expedia partnership
Hopper reportedly cut 10 percent of staff just over a year after its last restructuring.