It's no secret that the coffee industry is in a bit of a slump. In the United States, sales of coffee have been declining for the past three years, and many big players in the industry are feeling the pinch. One such company is Coffee Bean & Tea Leaf, which has announced that it will be closing all of its stores in Canada. The decision to shutter all operations north of the border comes as something of a surprise, given that Coffee Bean & Tea Leaf has been in Canada for 20 years and currently has more than 60 locations. But recent changes in the Canadian market have made it difficult for the company to continue doing business there. In particular, two major developments have put pressure on Coffee Bean & Tea Leaf's bottom line. First, there's been an influx of new players in the Canadian coffee market, including international chains like Costa Coffee and Starbucks. This increased competition has made it harder for Coffee Bean & Tea Leaf to attract customers and grow its business. Second, Canadians have been drinking less coffee overall in recent years. According to Statistics Canada, per capita coffee consumption peaked in 2012 and has been declining ever since. This trend is likely due to a number of factors, including health concerns about caffeine and increasing awareness of alternatives like tea and energy drinks. For these reasons, it's become increasingly difficult for Coffee Bean & Tea Leaf to sustain its business in Canada. The company's decision to close all its stores here is a reflection of this tough reality.