The Canada Post Group of Companies reported a loss before tax of $163 million in the third quarter ended October 1, 2011, down from a $19-million pre-tax loss recorded in the same period a year earlier. The decline of the Group's profitability in the quarter was largely driven by an unfavorable ruling against Canada Post … Read more
Canada Post announced that it has selected Bird Design-Build Construction Inc. to design and build its new processing facility at the Vancouver International Airport in the City of Richmond, BC. Canada Post is investing $200 million in the new multi-purpose processing facility and related equipment. The plant at the Vancouver International Airport will process letters, … Read more
For the sixth year in a row, friends and families of Canadian troops deployed overseas will be able to send their holiday letters and parcels for free via Canada Post. The program, which started in 2006, has delivered close to 90,000 parcels to members of the Canadian Forces serving overseas in war zones. Call 613 … Read more
Canada Post unveiled the 2011 Mental Health stamp to help kick off the company's annual fundraising campaign for community-based mental health initiatives across Canada. In November 2010, a competition was launched to help find a design, in which the five finalists were subjected to a popular vote, a first in Canada Post's 160 years. "THE … Read more
Canada Post Corporation reported that its core Canada Post business lost $35 million in the second quarter ended July 2, 2011. That represents a $70-million decline from the $35-million profit recorded by the Canada Post segment in the same period a year earlier. During the quarter, the Canada Post segment lost an estimated $167 million … Read more
The Canada Post Group reported that it experienced a continued deterioration in its core Canada Post segment in 2010. In the Canada Post annual report, the company disclosed that earnings before income taxes in the Canada Post segment in 2010 were $233 million, a 27 per cent decrease from 2009. Volume in the company's flagship … Read more
Canada Post announced that it has issued four new stamps celebrating some of Atlantic Canada's distinctive roadside attractions. The corporation said this year's featured icons are the Shediac Lobster, the Oxford Blueberry, the O'Leary Potato, and the Glover's Harbour Squid. Director of Stamp Services at Canada Post Jim Philips said that the roadside attraction series … Read more
Canada Post announced a third stamp to complete the Royal Wedding collection. The domestic Permanent stamp features a candid photo of the newlyweds in their open landau shortly after completing their wedding vows at Westminster Abbey. The stamp will commemorate the first Royal Visit to Canada following their wedding. One million booklets of 10 stamps … Read more
Canada Post has initiated the process to resume operations following the passage of Bill C-6, An Act to provide for the resumption and continuation of postal services, and will resume operations on Monday Juse 27, 2011. Canada Post said it regrets the impact of the work disruption on its customers. The full release is available … Read more
Canada Post said that despite negotiation attempts over 72 hours, the corporation and the Canadian Union of Postal Workers have failed to reach an agreement. The corporation said that every effort has been made to reach a negotiated settlement that is in the best interests of employees, customers and the company. Canada Post also said … Read more
