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The mail came to a halt on Thursday evening as the Canadian Union of Postal Workers (CUPW) walked off the job in response to the federal government’s proposed changes to Canada Post. Joël Lightbound, the minister responsible for Canada Post, announced earlier Thursday that the government will lift its moratorium that has prevented Canada Post from shifting all remaining door-to-door delivery for individual addresses to community mailboxes. 2:22 Canada Post union launches strike after Ottawa announces changes Ottawa’s rural post offices moratorium will also be lifted, allowing the company to close some post offices deemed no longer necessary, a...

Canadian Union of Postal Workers negotiator Jim Gallant told Global News that workers in the Atlantic provinces have already gone onto picket lines, with other provinces to follow. Source link

Canada Post will be allowed to end door-to-door mail delivery to individual addresses and close or convert rural post offices in a bid to stabilize its operations and restore its financial footing, the federal government announced Thursday. The government will also allow Canada Post to adjust its delivery standards for non-urgent letter mail, allowing it to be moved by ground instead of air to “reflect today’s lower volumes.”Joël Lightbound, the minister responsible for Canada Post, said the changes are necessary to ensure the survival of the beleaguered national mail carrier and Crown corporation.“This situation is not sustainable,” he said. “Canada Post is effectively insolvent, and repeated bailouts are not a long-term solution.”The government has had moratoriums in place on converting ...

The parliamentary budget officer said Thursday he expects the coming fall budget will reveal a sharp increase in Ottawa’s deficit that puts the government’s previous fiscal anchors in jeopardy. Ottawa’s fiscal watchdog Jason Jacques now projects the federal government will post an annual deficit of $68.5 billion this year, up from $51.7 billion last year.He said in a new report that he expects federal debt-to-GDP is no longer on a declining path over the medium term — a ratio that previously was a key fiscal anchor for the federal government.The office’s updated fiscal and economic outlook offers parliamentarians a baseline estimate of the state of federal finances heading into the Liberals’ fall budget on Nov. 4.The PBO’s update does not include plans to incrementally ramp up defence spen...