The Decibel What’s going on with Canada Post?
5 snips
May 23, 2025 Meera Raman, a financial and retirement planning reporter at The Globe and Mail, breaks down the dire situation facing Canada Post. With a looming strike and significant financial losses, she explains the company's struggles amid decreased mail volume and fierce delivery competition. Raman sheds light on the intense negotiations focused on wages and weekend services, which could greatly impact Canadians' mail delivery. As the clock ticks, the podcast explores the potential consequences of these negotiations on jobs and the future of postal services in Canada.
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Union vs Canada Post Weekend Delivery
- The union demands full-time employees for weekend parcel delivery to avoid gig-like job models.
- Canada Post wants part-time weekend workers, risking reduced benefits and job security for workers.
Financial Trouble Root Causes
- Canada Post lost $3 billion since 2018 mainly due to declining letter mail volume.
- Increasing competition from Amazon also significantly hurts Canada Post's parcel delivery revenue.
Report Calls Canada Post Bankrupt
- A government report calls Canada Post "effectively bankrupt" and recommends closing rural offices.
- It also suggests expanding community mailboxes and hiring part-time workers for weekend deliveries.