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

Canadians in several provinces to receive carbon price rebates today

Canadians living in provinces where the federal carbon price is collected are expected to receive their first Climate Action Incentive rebate of the year today. The federal government says people living in provinces including Alberta, Manitoba, New Brunswick, Ontario, and Saskatchewan will receive the rebate through direct bank deposit or by cheque if they have filed their income tax and benefit returns.

Canadians in several provinces to receive carbon price rebates today

Snowflurries in Vancouver on Tuesday

Environment Canada says the forecast calls for snowflurries in the Metro Vancouver area by Tuesday, followed by rain later this week. Temperatures are still forecast to remain well below zero Celsius in the province's northeast and Kootenay regions.

Snowflurries in Vancouver on Tuesday

Record cold in Western Canada across B.C., Alberta

In British Columbia, rescue crews say two skiers are lucky to be alive after they became lost in the Fitzsimmons Creek area near Whistler late Thursday as wind chill dipped around -50 C. North Shore Rescue says on social media that a helicopter was used to hoist out the pair who were hypothermic with frozen feet, and it's "unlikely the skiers would have survived the night."

Record cold in Western Canada across B.C., Alberta

Phone lines not meant for refund complaints: Coquitlam RCMP

Mounties in Coquitlam are reminding the public that its emergency and non-emergency lines are not meant for complaints about things like a cold fast-food burger. Police say that was one of many calls they had to 9-1-1 that take away staff time from helping someone with a life-threatening situation.

Phone lines not meant for refund complaints: Coquitlam RCMP

Snow and cold in Metro Vancouver wreaks havoc on the roads

An abrupt snowfall in Metro Vancouver resulted in snarled traffic and set off numerous crashes on major routes. Environment Canada says the area received about 3 centimetres of snow Thursday, which combined with freezing temperatures to create icy roads throughout the region.

Snow and cold in Metro Vancouver wreaks havoc on the roads

Canadians helped plan U.S., U.K. attacks on Houthis in Yemen: Defence Department

The Defence Department says Canadian Armed Forces members provided planning support for the U.S.-led attack on Houthi positions in Yemen Thursday but no Canadian equipment was involved. Three staff officers were deployed in December to the multinational operation in the Red Sea aimed at deterring Houthi blockades of the key shipping route.