Preheat oven to 350°F and line a metal 8x8, 9x9, or 9×13-inch cake pan with parchment paper and spray lightly with cooking spray. Make sure some of the parchment is over the edge of the pan for easy removal. This may require two sheets, one going in each direction for a 9x13-inch pan – make sure the one that goes across the shorter distance is under the one that goes along the full length of the pan.
Melt 1 cup unsalted butter in a heavy-bottomed saucepan over low heat. Add 2½ cups granulated sugar and stir until smooth, the butter and sugar have started emulsifying, and no butter is separated from the sugar. Remove from heat and let the mixture cool for 5 minutes, stirring often to release heat.
Add 2 tablespoons canola oil and 1 tablespoon vanilla extract to the butter and sugar and beat them in with a rubber spatula until fully combined and there's no separation between the ingredients (no oil resting on top).
Beat in 5 large eggs one at a time, beating with the spatula or a fork after each one. Mix until fully incorporated.
Sift the 1 cup all-purpose flour, ¾ cup + 1 tablespoon unsweetened cocoa powder, 2 tablespoons malted milk powder, and ¾ teaspoon salt into the butter and sugar mixture, stirring gently with a rubber spatula just until almost all the dry streaks are gone.
Fold in the ½ cup mini semi-sweet chocolate chips.
Pour the brownie batter into the prepared baking pan and bake for 25 to 30 minutes for a 9x13-inch pan or 40 to 45 minutes for an 8x8 or 9x9-inch pan.
Cool before removing it from the pan and slicing it for best results. Use a plastic knife for the cleanest cuts.