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As negotiations between the Canadian Union of Postal Workers (CUPW) and Canada Post continue, the corporation reported a nearly $1.3 billion operating loss for 2024, citing outdated constraints and intensified competition in e-commerce as contributing factors. The union has implemented a nationwide overtime ban, and after a strike in late 2024, Canada Post’s financial decline worsened, with parcel revenue down significantly. In response to the annual report, CUPW’s president criticized the report for omitting key details regarding rate adjustments and pandemic-related costs, asserting that these issues impact their bargaining power.
