National

Canada Post at 'critical juncture,' financial situation unsustainable: board chair

Darpan News Desk The Canadian Press, 28 Aug, 2024 11:51 AM

The chair of Canada Post’s board says the organization’s financial situation is unsustainable.

André Hudon says Canada Post is at a “critical juncture” and significant change is urgently needed to preserve its delivery network.

Hudon said the surge in online shopping during the COVID-19 pandemic reshaped the parcel delivery market, and Canada Post is competing with “high-tech, low-cost operators who are rapidly and relentlessly evolving.”

Hudon made the comments Wednesday at Canada Post’s annual general meeting.

In August, Canada Post reported second-quarter profits of $46 million before tax as a one-time sale of subsidiaries helped offset an operational loss of $269 million.

That's compared with a loss of $76 million before tax in the first quarter of the year.

Prev Next

MORE National ARTICLES

Homeland Security takes steps to tighten asylum rules at Canadian border

The U.S. Department of Homeland Security says people seeking asylum at the northern border with Canada will have less time to consult a lawyer before making their case. The department says it reviewed the Safe Third Country Agreement with Canada and concluded that it could streamline the process.

Homeland Security takes steps to tighten asylum rules at Canadian border

Transportation Safety Board issues safety reminders after fatal B.C. plane crash

A report from the Transportation Safety Board says an investigation couldn't determine a specific cause of a fatal small plane crash in southeastern B.C. last year, but it has prompted some reminders for operators. A witness near the community of Brisco, B.C., called 911 on Nov. 24, 2023, to say they had watched the Piper Cherokee nose dive into the ground, but it took searchers another 17 hours before they found the wreck and the dead pilot inside.

Transportation Safety Board issues safety reminders after fatal B.C. plane crash

Lightning-caused wildfires expected to persist in B.C.: Wildfire Service

The BC Wildfire Service says hot and dry weather paired with 29 consecutive days of lightning has led to the more than 400 active wildfires burning across the province. Though seasonable temperatures are forecast to return this week, the service says new lightning-caused fires are expected to persist.

Lightning-caused wildfires expected to persist in B.C.: Wildfire Service

BC United promises huge provincial income tax cut, raising exemption to $50,000

The leader of British Columbia's Opposition says he would introduce the largest provincial income tax cut in provincial history if his party is elected to form government this fall. Kevin Falcon says BC United would eliminate the tax on the first $50,000 earned by every person in B.C., allowing taxpayers to keep an additional $2,050 on average.

BC United promises huge provincial income tax cut, raising exemption to $50,000

Parliamentary committee to probe how Toronto terror suspect was admitted to Canada

A House of Commons committee will investigate how a man who is now facing terror charges was admitted to Canada and obtained citizenship. Members of Parliament on the public safety and national security committee voted unanimously on Tuesday to launch a study on the terror suspects arrested in the Toronto area last month.

Parliamentary committee to probe how Toronto terror suspect was admitted to Canada

Canada's foreign worker program 'breeding ground' for modern slavery: report

A recently released international report says Canada's temporary foreign worker program is a "breeding ground" for contemporary slavery. The final report by a United Nations special rapporteur who visited Canada last year says a power imbalance prevents workers from exercising their rights.