Since 2018 the corporation has lost more than $5 billion, including over $1 billion last year. Losses this year are expected to reach nearly $1.5 billion.
Other measures announced by Ottawa includes lifting the moratorium on community mailbox conversions, ending a 1994 freeze on rural post office closures, altering delivery standards, and speeding up the process for stamp rate increases.
According to the postal company, letter mail has been on the decline for nearly two decades after reaching its peak of 5.5 billion letter in 2006 to two billion last year with further declines also projected.
The postal company recently reported a second-quarter loss of $407 million, marking the Corporation’s largest loss before tax in a single quarter.
From 2018 to the second quarter of 2025, the company has posted cumulative losses from operations of more than $5 billion
The postal company issued a statement on Wednesday stating the proposed items from the union would increase operational costs and is urging them to revisit its latest offers.
The postal service is reviewing the union's response from today's meeting, and is seeking further clarification, with future meetings scheduled for Friday and Monday.
Following the Canadian Union of Postal Workers rejection of Canada Post's final offers, Local CUPW-812 President Nicole Chouinard said the outcome wasn't a surprise.