CUPW Statement: Canada Post Q3 Report

Friday November 22 2024

Canada Post is a public service, not a profit-driven corporation, even though it operated profitably for many years. Postal workers deliver to every address in the country, including where competitors won’t go because they can’t make a profit. During our ongoing negotiations, we’ve heard countless stories about how much people rely on Canada Post. Without this public service, many people must travel far distances and pay much more for alternative services, if any even exist. The reported losses published over the last few years don’t tell the whole story. Canada Post has spent hundreds of millions of dollars to grow its parcel business, yet overall labour costs have decreased during the last few years.  

For many years, the Canadian Union of Postal Workers has urged Canada Post to take the Union’s proposals to expand services at the post office seriously. Canada Post could recover from the financial situation it finds itself in by investing in new revenue-generating services like postal banking and senior-check-in services as other postal services across the world have already done.

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