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Glen Korstrom

@glenkorstrom.bsky.social
276 followers 119 following 410 posts

Reporter at Business In Vancouver, (Part of Glacier Inc.’s Lodestar.) Mostly cover #retail, #tourism, #hospitality, #travel, #AI / #tech, #consumer trends Photo by Chung Chow

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Glen Korstrom @glenkorstrom.bsky.social · 10h
I looked into the business of Indigenous art in the lead-up to tomorrow's Truth and Reconciliation Day. Auctioneers say demand, values are strong. Corporate interest in commissioning art is on the rise. Digital art is increasingly common. #Indigenous #art
biv.com
Demand fuels soaring values for Indigenous art
From ancestral stories to FIFA medals, the modern boom in Indigenous art is real
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Glen Korstrom @glenkorstrom.bsky.social · 23/09/2026
The number of non-stop flights between Vancouver and mainland China is set to rise almost 40 per cent this November, to 32, up from 23 in November 2025. Check out why. #travel #tourism
biv.com
B.C. tourism to benefit as YVR-China flights set to surge 40%
Vancouver International Airport plans to have 32 non-stop flights to mainland China this November, up from 23 flights in November last year
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Glen Korstrom @glenkorstrom.bsky.social · 22/09/2026
The ban on new U.S. alcohol imports to B.C. has not helped B.C. winery owners sell more of their products, according to new data for wholesale sales through the BC Liquor Distribution Branch. #BCwine #retail
biv.com
B.C. wine sales slide despite American alcohol ban
Liquor distribution branch defends shelf space, promotions as local wholesale sales decline
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Glen Korstrom @glenkorstrom.bsky.social · 21/09/2026
Found at court: Bevo Agtech's former CEO Scott Hough is suing his former employer for breaching his contract during his termination, when he alleges the company was "needlessly abusive." #lawsuits #ExecutiveMoves
biv.com
Former Bevo Agtech CEO sues, alleging "needlessly abusive" conduct
Scott Hough has filed a lawsuit against his former employer, which he said fired him without cause
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Glen Korstrom @glenkorstrom.bsky.social · 21/09/2026
Following wildfires around Summerland, winery principals and winemakers are coping with lost crops and in some cases buildings. Others seek tech solutions to keep smoke taint out of wine or are dealing with insurance complexities. #BCwine #SummerlandStrong
biv.com
Wildfires leave B.C. wineries short of grapes, revenue
Local purchases offer relief as producers assess smoke damage
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Glen Korstrom @glenkorstrom.bsky.social · 18/09/2026
My take on the several lessons that can be had from looking at Business in Vancouver's annual list of fastest-growing companies in B.C., ranked by revenue. #BCecon
biv.com
The stories behind B.C.’s fastest-growing companies
Commodity booms, corporate recoveries and deepening losses sit behind five-year revenue rankings
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Glen Korstrom @glenkorstrom.bsky.social · 18/09/2026
I looked into the strange situation where the Conservative Party of B.C. hired a private investigator to probe 14 people, including six current MLAs and BIV columnist Rob Shaw. Party lawyer confirmed the PI was hired. #BCpoli
biv.com
BC Conservatives hire private investigator to probe MLAs, Business in Vancouver columnist
Lawyer for the party confirmed that he is looking into how the investigation started, said the party's board was not alerted when the hiring took place
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Glen Korstrom @glenkorstrom.bsky.social · 17/09/2026
Check out my look into how B.C. companies are navigating the new Trump tariffs, and more border guard scrutiny on whether they are compliant with CUSMA and their products can be let into the U.S. #tariffs #trade www.biv.com/news/economy...
biv.com
B.C. exporters paying the price as U.S. trade war escalates
Companies in B.C. are absorbing new levies, while products face longer waits at the border
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Glen Korstrom @glenkorstrom.bsky.social · 15/09/2026
Big news today for B.C. aviation: Harbour Air plans to buy Pacific Coastal Airlines. #travel #tourism #aviation
biv.com
Harbour Air buying Pacific Coastal Airlines to expand network
Both brands will be retained, with the seaplane and wheeled plane fleet providing better connections for passengers if pact receives regulatory approval
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Glen Korstrom @glenkorstrom.bsky.social · 14/09/2026
Trend of less travel between Metro Vancouver and the U.S. continues. It was down for a 19th straight month at Vancouver International Airport, as well as at four Lower Mainland border crossings. Check out my dive into the data. #travel #tourism
biv.com
B.C. summer travel pivots away from U.S. by land and air
Southbound land travel across four Lower Mainland border crossings is down while all travel between Vancouver International Airport and U.S. destinations is down for 19th straight month
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Reposted by Glen Korstrom
Richard Dettman @rwdettman.bsky.social · 10/09/2026
“Hoey, a longtime telecom consultant, described Telus as having become "ossified" after almost 26 years of Entwistle at the helm. "There was no fresh air blowing through," he said.”
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Glen Korstrom @glenkorstrom.bsky.social · 09/09/2026
Took a deeper dive into what's wrong at Telus, with its share price near 15-year lows. Analysts told me what Telus' new CEO, Victor Dodig, should do and why the telecom sector generally has been a poor investment in recent years. #Telus #telecom #investing
biv.com
Can Victor Dodig fix Telus?
New CEO cuts dividend as he deals with negative earnings growth, debt struggles
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Glen Korstrom @glenkorstrom.bsky.social · 08/09/2026
Found at court: Telus is suing a former manager for allegedly misappropriating $1.1 million. He and his team allegedly bought thousands of items (whiskey glasses, cameras, appliances etc.) with a corporate Telus credit card for personal use. #telecom #fraud #lawsuits
biv.com
Telus suing former manager for allegedly misappropriating $1.1M
Telus Communications Inc. is alleging a former manager it fired in mid-August bought items such as whiskey glasses, home theatre seating and a dishwasher for his own use
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Glen Korstrom @glenkorstrom.bsky.social · 04/09/2026
Lululemon shares tanked nearly 20 per cent after hours due to weak earnings and downgraded guidance. Check out my story that includes analyst insight. #retail #Lululemon
biv.com
Lululemon share price falls as much as 19% after earnings report
Company's sales and profit decline, and it has reduced its forward guidance
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Glen Korstrom @glenkorstrom.bsky.social · 02/09/2026
Ottawa's cap on how many international students can enter Canada has hit B.C. #postsecondary schools with cuts to 180 programs and 1,300 faculty and staff, according to a June report. Accounting books are harder to manage. Check out my look at the problem and solutions: #CdnPoli #BCpoli #education
biv.com
B.C. schools count mounting costs of foreign student decline
B.C. institutions have cut more than 180 programs and dismissed or laid off more than 1,300 faculty and staff
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Glen Korstrom @glenkorstrom.bsky.social · 01/09/2026
Lots going on for Lululemon: an earnings report on Thursday, the company's communications chief leaving on Friday and new CEO Heidi O'Neill starting next week. Other executive changes have also taken place. Check out my look into the challenges O'Neill faces. #Lululemon #retail
biv.com
New Lululemon CEO Heidi O’Neill faces steep turnaround challenge
Stock slump, executive exodus and plenty of miscues has troubled the yoga-wear seller founded in Vancouver
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Glen Korstrom @glenkorstrom.bsky.social · 28/08/2026
Found at court: Tim Hortons is suing the Vancouver Airport Authority for allegedly forcing it to shut down a location near Vancouver International Airport for nearly five months for seismic upgrades. TH says its lease forbids this. #lawsuits #retail www.biv.com/news/retail-...
biv.com
Tim Hortons sues Vancouver Airport Authority for shutting store
VAA aims to temporarily close a Tim Hortons coffee shop near Vancouver International Airport so it can perform "seismic upgrades"
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Glen Korstrom @glenkorstrom.bsky.social · 27/08/2026
B.C. caps residential rent increases at 2.2% in 2027 That's lower than the 2.3% maximum annual increase this year, and the seventh straight year of residential rents where the maximum allowable increase has been capped at or below inflation. #YvrRE ##BCre
biv.com
B.C. caps residential rent increases at 2.2 per cent in 2027
This is the seventh consecutive year that the B.C. government has capped annual residential rent increases at or below inflation
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Glen Korstrom @glenkorstrom.bsky.social · 27/08/2026
Science World just hired a new CEO: Gail Murphy. Great academic and business street cred so it looks like the right hire. www.biv.com/news/economy...
biv.com
Gail Murphy to head Science World as president and CEO
The UBC computer science professor is familiar with Science World thanks to serving a stint on its board of directors
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Glen Korstrom @glenkorstrom.bsky.social · 26/08/2026
BC Human Rights Tribunal orders Freshslice Pizza CEO Ray Russell to pay former manager $85,000+interest for creating a "toxic work environment" through "derogatory comments about Muslim and Iranian people." He is to be inducted to BC Restaurant Hall of Fame. #restaurants #HR #discrimination
biv.com
Freshslice CEO ordered to pay $85K for anti-Muslim, anti-Iranian comments
BC Human Rights Tribunal found Ray Russell created a 'toxic work environment' through 'derogatory comments about Muslim and Iranian people.'
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Glen Korstrom @glenkorstrom.bsky.social · 21/08/2026
The new Freedom Mobile Arch, and a larger operational footprint, is poised to help the PNE increase attendance at its 17-day fair, which launches Saturday.
biv.com
PNE bets big on $183M venue to spark fair turnaround
Annual summer fair has a new Freedom Mobile Arch venue, a slate of concerts, ice shows and many attractions
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Reposted by Glen Korstrom
BIV News @bivnews.bsky.social · 20/08/2026
dlvr.it
Carney asks provinces to return U.S. alcohol to stores
OTTAWA — Nova Scotia Premier Tim Houston says Prime Minister Mark Carney has asked provinces to restock American alcohol on their shelves as Canada finalizes a trade deal with the U.S. U.S.
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Glen Korstrom @glenkorstrom.bsky.social · 20/08/2026
Congrats to Barclay Hancock as he is set to be Central 1's interim president and CEO, following Sheila Vokey's September 4 retirement. #banking #finance
biv.com
Barclay Hancock to be new Central 1 interim president, CEO
Hancock to assume new post after Sept. 4, when current president and CEO Sheila Vokey retires
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Glen Korstrom @glenkorstrom.bsky.social · 19/08/2026
Here's how a new wave of mergers is transforming B.C.’s credit union sector. Watch for Beem to phase out the Blueshore brand by year-end. Some other acquired credit unions are set to keep their old branding in the near-term. #finance #banking #credit
biv.com
A new wave of mergers is transforming B.C.’s credit unions
Decades of consolidation are creating bigger B.C. credit unions better positioned to compete
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Glen Korstrom @glenkorstrom.bsky.social · 17/08/2026
Canadian premiers' July "agreement" on interprovincial trade for alcohol is really an agreement to work toward future agreements. It also contains potential steps backward. Provincial red tape could be worse than 50% Trump tariffs. #BCwine #trade
biv.com
Premiers' alcohol deal may add red tape for B.C. wine
Lawyer warns new authorization could add fees, markups
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Glen Korstrom @glenkorstrom.bsky.social · 13/08/2026
Looked into data for June and July, which showed travel between B.C. and the U.S. continues to decline. Whether by air or by car. Travel to Asia continues to be strong though. #travel #tourism
biv.com
B.C. travel to the U.S. continues to fall this summer
B.C. to U.S. travel remains in a year-and-a-half slump amid weak loonie and political tensions
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Glen Korstrom @glenkorstrom.bsky.social · 12/08/2026
Broadway merchants in Vancouver grapple with construction, few customers and break-ins as the weeks-old, six-month closure to all vehicle traffic between Cambie and Alberta streets continues. Some also complain about VPD ticketing. Also: some good news for Cambie merchants. #vanpoli #smallbiz
biv.com
Broadway businesses weather another wave of transit construction
West Broadway retailers and restaurants in Vancouver continue to grapple with declining foot traffic, street closures and store break-ins
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Glen Korstrom @glenkorstrom.bsky.social · 12/08/2026
Found at court: plaintiffs allege the new owners of the Sooke Harbour House won't give them their art back. They claim it is worth $500,000 and was not part of the property sale. #lawsuits #hospitality #BCre
biv.com
Former Sooke Harbour House owners sue to get art returned
Vancouver Island getaway sold last year allegedly housed $500K worth of 'irreplaceable' art that was not part of the property sale'
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Glen Korstrom @glenkorstrom.bsky.social · 10/08/2026
Great day for Vancouver life sciences company AbCellera, as it sees its stock price soar 35 per cent thanks to a better than expected clinical trial. #biotech #lifesciences #investing #menopause
biv.com
AbCellera stock soars 35% on successful clinical trial result
Testing showed a significant reduction in hot flashes in women who had experienced moderate or severe hot flashes during menopause
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Glen Korstrom @glenkorstrom.bsky.social · 07/08/2026
B.C. strawberry farmers are enjoying a banner season but despite strong sales, some berries go to waste. That has fuelled curiosity about whether a substance devised in a UBC lab could help reduce food waste. It is said to protect berries more than refrigeration. #strawberries #farming #foodwaste
biv.com
B.C. strawberry bumper crop sparks interest in UBC innovation
UBC researchers develop compound that they say helps lengthen strawberry freshness more so than does refrigeration
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Glen Korstrom @glenkorstrom.bsky.social · 06/08/2026
Real estate giant Beedie's investment arm Beedie Capital has spent tens of millions of dollars to acquire a 50 per cent stake in Vistara Growth. It also plans to invest up to US$125M into a new Vistara fund. #technology #investing
biv.com
Beedie buys half of Vistara Growth, ups venture fund investment
Vistara readies to launch its largest-ever fund—one with a target of US$500M in capital—to invest in growing mid-to-large technology companies
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Glen Korstrom @glenkorstrom.bsky.social · 31/07/2026
Vancouver tourism is normalizing after the FIFA World Cup sent hotel occupancy down and room rates up. The city is amid a record cruise season, with big concerts upcoming and longterm initiatives in the pipeline. #tourism #BCecon
biv.com
Vancouver tourism normalizing after World Cup
City saw highest-ever average hotel prices in June, low occupancy
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Glen Korstrom @glenkorstrom.bsky.social · 30/07/2026
The Parq Casino has a new CEO as it rolls out more slot machines
biv.com
Parq Casino Vancouver names new CEO, expands slots
Industry veteran Suzanne Lalonde takes on top role at the downtown Vancouver casino
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Glen Korstrom @glenkorstrom.bsky.social · 29/07/2026
Here's more fallout related to ticketing at the FIFA World Cup. A B.C. fan is suing FIFA for deceptive trade practices during the tournament and allegedly providing fans with inferior seats to the ones that they were promised. #FIFA #WorldCup
biv.com
B.C. fan sues FIFA for deceptive trade practices during World Cup
Delta-based Rajvinder Rai wants to be the representative plaintiff in a class action lawsuit against FIFA and its B.C.-based wholly owned subsidiary, FWC26 Football Ltd.
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Glen Korstrom @glenkorstrom.bsky.social · 27/07/2026
Second time in a month I found a lawsuit about neighbours alleging that neighbours cut down their tree or trees. This time the alleged cutting happened to make way for a housing development. #lawsuits
biv.com
Homeowner sues, alleging neighbouring development cut down trees
Vancouver Island property owner claims that neighbour entered his land at least twice without permission, cutting and removing trees
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Glen Korstrom @glenkorstrom.bsky.social · 24/07/2026
Advocates behind a Vancouver Cultural Precinct today released renderings and assembled supportive politicians from all levels. Hub would have four new music halls — with capacities for 400, 800, 1,750 & 2,000 people. Next step is to confirm location. Financing needs could then be clearer. #vanpoli
biv.com
Advocates launch push for four-venue Vancouver Cultural Precinct
Proposal finds political support from all levels of government as it shifts to new phase of determining the best location
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Glen Korstrom @glenkorstrom.bsky.social · 23/07/2026
The World Cup helped Metro Vancouver hotels charge higher nightly rates in June than hotels have on average in any major Canadian city in any month ever. Here's how much the rooms were... #WorldCup #FIFA #hospitality
biv.com
World Cup drives Metro Vancouver hotel rates to Canadian record
Region's $406.34 average room-night rate in June was highest monthly average ever recorded for a major Canadian city in any month
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Glen Korstrom @glenkorstrom.bsky.social · 21/07/2026
Customer-loyalty programs have evolved with AI but old-school efforts still help drive sales. Check out my look into why loyalty programs are important for sales growth, and different ways to execute them. #loyalty #retail #hospitality
biv.com
B.C. restaurants hungry for data, AI as loyalty efforts evolve
Retail and hospitality businesses use range of strategies to keep customers coming back
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Glen Korstrom @glenkorstrom.bsky.social · 13/07/2026
Wine industry advocates tell me they believe Canadian premiers will soon announce at least a framework for how direct-to-consumer wine sales could operate Canada-wide. Politicians' comments have been fuelling this hope. #BCwine #Cdnpoli #BCpoli
biv.com
B.C. wineries hopeful premiers will ease restrictions on Canadian wine sales
Canadian premiers this July are expected to address trade barriers preventing direct wine purchases from out-of-province wineries
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Glen Korstrom @glenkorstrom.bsky.social · 10/07/2026
This alleged wrongful dismissal is notable for how high the figures are. An ex-employee is suing Ideon Technologies for what he claims is $641,000 in unpaid commissions from $33 million in contract revenue. #lawsuits #AI #sales
biv.com
Worker sues Ideon Technologies for $641K, alleges unpaid commissions
Commissions were allegedly tied to the worker bringing in $33M in contract revenue
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Glen Korstrom @glenkorstrom.bsky.social · 07/07/2026
Good news for B.C.'s General Fusion as shareholders in it and its acquisition target voted to approve the merger, paving the way for its Nasdaq listing and access to up to US$338 million. #GFUZ #GeneralFusion
biv.com
General Fusion, Spring Valley shareholders approve merger
Move paves the way for General Fusion to go public on the Nasdaq under the symbol GFUZ
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Glen Korstrom @glenkorstrom.bsky.social · 03/07/2026
West Vancouver residents allege they returned from a trip abroad to find their cherished 60-foot back yard ancient cedar reduced to a stump. The tree was on a property line with a neighbour, and they claim that he was responsible. #lawsuits #neighbours
biv.com
West Vancouver neighbours sue after tree cut allegedly without consent
Two neighbours say another cut down a cherished cedar tree on their shared property line when they were out of the country
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Glen Korstrom @glenkorstrom.bsky.social · 02/07/2026
B.C.'s General Fusion is readying to go public via a reverse takeover and gain access about US$338 million in new capital. This comes as strong stock markets are enticing more public offerings. #IPOs #reversetakeovers
biv.com
B.C.'s General Fusion could access up to US$338M by going public
Important vote nears for nuclear fusion company aiming for a US$1B valuation with a Nasdaq listing
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Glen Korstrom @glenkorstrom.bsky.social · 30/06/2026
The FIFA World Cup has brought Vancouver new and improved large venues for live music while investments by entrepreneurs are improving the state of smaller ones. Some say governments still need to step up to improve venues such as Malkin Bowl. #WorldCup #venues
biv.com
Vancouver’s live music scene entering new era of venue upgrades
Freedom Mobile Arch at Pacific National Exhibition has 10,000 seats, fills unmet niche
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Glen Korstrom @glenkorstrom.bsky.social · 30/06/2026
Here's how the FIFA World Cup is impacting Vancouver festivals this summer #VIJF #VFMF #PNE #VFF #BardOnTheBeach
biv.com
World Cup brings hurdle and hype to Vancouver summer festivals
PNE set to benefit with new venue, while others tweak content or face challenges
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Glen Korstrom @glenkorstrom.bsky.social · 29/06/2026
Massive biotechnology deal today. Vancouver's Zymeworks is spending US$929M in cash to buy California's Theravance BioPharma. The pact diversifies Zymeworks from oncology drugs to also having one for respiratory disease. Other drugs are in the pipeline. #biotech #lifesciences
biv.com
Vancouver biotech Zymeworks buying Theravance for US$929M
Transaction helps Zymeworks diversify and shift toward respiratory-disease treatments in addition to those for cancers
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Glen Korstrom @glenkorstrom.bsky.social · 25/06/2026
Here's my latest on restaurant associations' efforts to help Canadian restaurant owners get millions of dollars returned to them after a payment processor allegedly took money from bank accounts without authorization and is now in CCRA. #restaurants #fintech #CCRA
biv.com
Restaurant groups urge judge to nix XTM sale without tip payback
Restaurant owners have alleged that XTM took money from their bank accounts without authorization
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Glen Korstrom @glenkorstrom.bsky.social · 24/06/2026
Fun to catch up with RBC's B.C. regional president, Martin Thibodeau, to discuss how his bank has evolved since buying Vancouver-based HSBC Bank Canada in 2024. And its new B.C.-based tech-banking hub. He also slammed the B.C. government's most recent budget. #BCpoli #Cdnpoli #banking #technology
biv.com
RBC banks on big growth in B.C.
Largest domestic bank acquisition in Canadian history bumped Royal Bank's West Coast staff count 13%
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Glen Korstrom @glenkorstrom.bsky.social · 24/06/2026
Found this lawsuit that focuses on an issue central to restaurant operations. Plaintiff alleges she told a restaurant server she was allergic to nuts. She then was allegedly served a nutty dessert. Hospital visits allegedly followed. #lawsuits #restaurants #hospitality www.biv.com/news/hospita...
biv.com
Allergy lawsuit puts restaurant duty of care in spotlight
Plaintiff claims Vancouver restaurant mishandled food-allergy concerns
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Glen Korstrom @glenkorstrom.bsky.social · 23/06/2026
Check out my look at how the World Cup is helping some Vancouver retailers, while hurting others. #FIFAWorldCup #retail
biv.com
How the World Cup is redrawing Vancouver’s retail map
FIFA tournament is upending what shoppers buy and where they spend
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