Challenges Facing Canada Post

This week, Canada Post received a strike notice from its union representing 55,000 workers. The notice comes just less than a year after the last postal strike back in November. Canada Post is under major financial trouble. A recent report commissioned by the federal government says the postal corporation is in an “existential crisis.” Canada Post has lost $3-billion since 2018 and according to the report, that’s due to a drop in letter mail and parcel delivery competition. This is putting even more pressure on the corporation and the union to come to a deal.

Meera Raman is a financial and retirement planning reporter at The Globe. She’ll explain the financial state of Canada Post, what’s been happening with negotiations, and what the impact could be on Canadians.

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