Canada Post Is “Effectively Insolvent,” Says Mediator

Canada Post is “effectively insolvent,” warns federal mediator William Kaplan, who urges a sweeping overhaul of the Crown corporation’s mandate if it is to survive imminent labour and financial crises. Kaplan’s report recommends allowing Canada Post to shutter additional rural post offices, expand community mailboxes and introduce weekend parcel delivery staffed by part-time workers. He … Continue reading Canada Post Is “Effectively Insolvent,” Says Mediator