Latest news with #CanadaPost
CTV News
3 hours ago
- Business
- CTV News
What happens if Canada Post workers reject final offer
Video Canada Post spokesperson Jon Hamilton on what happens next if workers reject the Crown corporation's final offer.
The Market Online
3 hours ago
- Business
- The Market Online
TSX Edges Higher Amid Mixed Commodity Signals
The TSX is creeping higher this morning as investors brace for the Bank of Canada's Business Outlook Survey—digging for clues on how corporate Canada's really feeling under the weight of tariff turmoil. Market Numbers (Futures) TSX : Up ( 0.02%) 27,368.64TSXV: Up (0.77%%) 797.75DOW: Up (0.23%) 44,641.00NASDAQ: Up (0.25%) 23,281.25 FTSE: Down (0.10%) 8,982.96 In the Headlines: With a high-stakes vote on the horizon, Canadians are questioning whether Canada Post still matters in a digital age, or if it's just snail mail dragging its feet. And Alaska Airlines resumes operations after it shakes off a massive tech meltdown that grounded its entire fleet, rebooting operations but leaving travel chaos in its wake. Currencies Update: (Futures) The Canadian dollar dips 0.19% to $0.7313 cents U.S., but it holds a firmer line against the euro down 0.18% to $0.6244. Meanwhile, Bitcoin inches higher by 0.44%, landing at C$163,150.67 Commodities: (Futures) Natural Gas: Down: Up (4.46%), 3.41WTI: Up (0.04%), 67.33Gold: Up (0.77%), 3,376.49 Copper: Up (0.36%) 6.05 To stay up-to-date on all of your market news head to Join the discussion: Find out what everybody's saying check out the rest of Stockhouse's stock forums and message boards. The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here
Global News
3 hours ago
- Business
- Global News
Canada Post workers begin to vote on ‘final' offers amid strike fears
Canada Post's unionized workers are starting to vote on what the Crown corporation calls its 'final' offers, even as the union urges members to reject the proposals. The vote began Monday at 7 a.m. eastern and will continue until 5 p.m. on Aug. 1. The Canadian Union of Postal Workers (CUPW) represents more than 53,000 members. The offer from Canada Post includes a wage increase, a signing bonus, and maintaining a defined benefit pension and job security clauses. The company said it will also end mandatory overtime. The company is no longer proposing a new health benefits plan, changes to employees' post-retirement benefits or enrolling future employees in the defined contribution pension. The Crown corporation is facing 'significant challenges' and posted a nearly $1.3-billion operating loss for 2024, while revenues fell by $800 million, or 12.2 per cent, compared with 2023. Story continues below advertisement Jim Gallant, a CUPW negotiator, told Global BC on Sunday that the union is hoping members vote no so the parties can 'get back to the table and get a negotiated settlement.' Get breaking National news For news impacting Canada and around the world, sign up for breaking news alerts delivered directly to you when they happen. Sign up for breaking National newsletter Sign Up By providing your email address, you have read and agree to Global News' Terms and Conditions and Privacy Policy 'The big thing about the no vote is if people vote no, it's not going to be Jim Gallant sitting at the table saying, 'This is what we want,' I'm going to have 55,000 behind myself and the other negotiators because the members of the union will have said, 'No, that's not good enough and Canada Post is going to have to do better,'' Gallant said. 0:44 Canada Post reaches deal with CPAA, its 2nd largest union But Canada Post said in a statement on Saturday that it hopes employees 'see that these final offers provide certainty for you and your customers,' and said the vote was confidential. 'It's a big decision, and you've likely heard a lot about the vote and our final offers,' the Crown corporation wrote in a post on X. 'Like any vote, it's ultimately about what you believe is best for you.' Story continues below advertisement In its post, Canada Post said the offer would begin to make 'critical changes' to help the Crown corporation grow its parcel business to meet the 'evolving needs' of Canadian businesses and Canadians. According to Canada Post, if the offers are accepted by members, they will become new four-year collective agreements that will stay in place until Jan. 31, 2028. The nearly two-week vote comes after Minister of Jobs and Families Patty Hajdu asked the Canada Industrial Relations Board in June to put the Crown corporation's latest offers to a vote directly by members of the union following stalled negotiations. That process was criticized Thursday by CUPW president Jan Simpson, who called it 'plagued by chaos, confusion, and uncertainty,' and said some members have informed the union they could not register their emails. Canada Post and the CUPW have been engaged in a more than 18-month-long period of negotiations and subsequent strike activity, which the Crown corporation says increased the company's financial losses at a rate of $10 million per day in June.
CBC
4 hours ago
- Business
- CBC
Unionized workers at Canada Post to start voting on contract offer
Social Sharing Unionized workers at Canada Post begin voting on the Crown corporation's latest contract offer on Monday. The Canadian Union of Postal Workers is urging they reject the proposal. Canada Post is at an impasse with the union representing roughly 55,000 postal service workers after more than a year and a half of talks. The vote comes after federal Jobs Minister Patty Hajdu asked the Canada Industrial Relations Board to step in and put the Crown corporation's latest offer to a vote. The offer includes wage hikes of about 13 per cent over four years but also adds part-time workers that Canada Post has said are necessary to keep the postal service afloat. The Crown corporation's operating losses amounted to $10 million a day in June, said Canada Post spokesman Jon Hamilton. "We hope our employees see these offers provide certainty for the road ahead and vote yes to make them their new collective agreements," he said in a statement. "If the vote is positive, the offers become new collective agreements effective until Jan. 31, 2028. If not, Canada Post won't speculate other than to say the uncertainty will continue." Union national president Jan Simpson has said a strong no vote would not only reject the offer, but also protect the integrity of the bargaining process. A postal strike could push 63 per cent businesses to walk away from Canada Post permanently, according to a survey released Monday by the Canadian Federation of Independent Business. It said around 13 per cent of small firms already stopped using Canada Post after the 2024 strike. CFIB estimates that work stoppage cost small businesses between $75 million to $100 million each day. It says more than 70 per cent of businesses responded to the disruptions by encouraging customers to use digital options, 45 per cent turned to private couriers, while 27 per cent delayed mail.
Toronto Sun
4 hours ago
- Business
- Toronto Sun
Unionized workers at Canada Post to start voting on contract offer
Published Jul 21, 2025 • Last updated 4 minutes ago • 1 minute read A row of mailboxes are shown outside Canada Post of the sorting plant in northeast Calgary on Wednesday, Oct. 30, 2024. Photo by Brent Calver / Postmedia OTTAWA — Unionized workers at Canada Post begin voting on the Crown corporation's latest contract offer on Monday. This advertisement has not loaded yet, but your article continues below. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. SUBSCRIBE TO UNLOCK MORE ARTICLES Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. REGISTER / SIGN IN TO UNLOCK MORE ARTICLES Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account. Share your thoughts and join the conversation in the comments. Enjoy additional articles per month. Get email updates from your favourite authors. THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK. Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account Share your thoughts and join the conversation in the comments Enjoy additional articles per month Get email updates from your favourite authors Don't have an account? Create Account The Canadian Union of Postal Workers is urging they reject the proposal. Canada Post is at an impasse with the union representing roughly 55,000 postal service workers after more than a year and a half of talks. The vote comes after federal Jobs Minister Patty Hajdu asked the Canada Industrial Relations Board to step in and put the Crown corporation's latest offer to a vote. The offer includes wage hikes of about 13 per cent over four years but also adds part-time workers that Canada Post has said are necessary to keep the postal service afloat. The Crown corporation's operating losses amounted to $10 million a day in June, said Canada Post spokesman Jon Hamilton. 'We hope our employees see these offers provide certainty for the road ahead and vote yes to make them their new collective agreements,' he said in a statement. This advertisement has not loaded yet, but your article continues below. 'If the vote is positive, the offers become new collective agreements effective until Jan. 31, 2028. If not, Canada Post won't speculate other than to say the uncertainty will continue.' Union national president Jan Simpson has said a strong no vote would not only reject the offer, but also protect the integrity of the bargaining process. A postal strike could push 63 per cent businesses to walk away from Canada Post permanently, according to a survey released Monday by the Canadian Federation of Independent Business. It said around 13 per cent of small firms already stopped using Canada Post after the 2024 strike. CFIB estimates that work stoppage cost small businesses between $75 million to $100 million each day. It says more than 70 per cent of businesses responded to the disruptions by encouraging customers to use digital options, 45 per cent turned to private couriers, while 27 per cent delayed mail. Toronto & GTA Canada Football Toronto & GTA Editorial Cartoons
