Latest news with #IanLee
Yahoo
31-05-2025
- Business
- Yahoo
Should Canada Post stop delivering letters? FP Video looks at what's ahead for the postal service and economy
With Canada Post struggling to survive, FP Video looks at what measures might be taken to save the ailing postal delivery service. We also examine two major economic red flags as home sales in Canada reach crisis levels and Canadian banks ready themselves for a looming recession. Plus, a closer look at the small but powerful commercial smelt fishery. Ian Lee, Associate Professor, Carleton University's Sprott School of Business talks about how nothing short of a major overhaul will save the Crown corporation, including dropping all mail delivery in five to 10 years. Realtors John Pasalis from Toronto and Steve Saretsky from Vancouver speak about how Canadian home sales have sunk to historic lows. Rebecca Teltscher, portfolio manager at New Haven Asset Management, talks about the state of Canadian banks as they report second-quarter earnings. The Great Lakes region drives a $8-trillion economy and supports millions across major cities like Toronto and Chicago. Lake Erie, the smallest lake, plays a unique role with its commercial smelt fishery, a lesser-known but vital industry. Money in the bank: FP Video looks at what the markets may bring At home and abroad: FP Video on continuing tariff turbulence
CTV News
25-05-2025
- Business
- CTV News
Will federal government need to step in as Canada Post negotiations continue?
Watch Business analyst Ian Lee provides his insight on the negotiations as the union expects to meet with Canada Post this weekend.
CTV News
23-05-2025
- Business
- CTV News
Ongoing strike threat could push more customers away from a struggling Canada Post
MONTREAL — Canada Post customers may face delays as 55,000 workers swear off overtime shifts, though a much bigger disruption was averted after the union backed down from a strike threat. However, experts say the possibility of escalating job action may continue to scare off customers who pulled their shipments over the past couple of weeks, draining more business from the cash-strapped organization. Late Thursday, the union called for a countrywide halt to any work beyond eight hours a day and 40 hours a week, saying negotiators will continue to review Canada Post's latest contract offers. Carleton University business professor Ian Lee says lower letter and parcel volumes in recent weeks have likely made the workload easier to manage despite the overtime boycott. But any decline in sales will add to the more than $3.8 billion in operating losses the mail carrier has suffered since 2018. Canada Post faces a reckoning after a report last week found it was effectively bankrupt and in need of drastic reforms such as part-time weekend workers, post office closures and a 'dynamic' approach to mail routes. This report by The Canadian Press was first published May 23, 2025. Written by Christopher Reynolds
Toronto Sun
23-05-2025
- Business
- Toronto Sun
Ongoing strike threat could push more customers away from a struggling Canada Post
Published May 23, 2025 • 1 minute read A Canada Post mail carrier delivers to a community mailbox in Calgary. Photo by Brent Calver / Postmedia Network MONTREAL — Canada Post customers may face delays as 55,000 workers swear off overtime shifts, though a much bigger disruption was averted after the union backed down from a strike threat. 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 However, experts say the possibility of escalating job action may continue to scare off customers who pulled their shipments over the past couple of weeks, draining more business from the cash-strapped organization. Late Thursday, the union called for a countrywide halt to any work beyond eight hours a day and 40 hours a week, saying negotiators will continue to review Canada Post's latest contract offers. Carleton University business professor Ian Lee says lower letter and parcel volumes in recent weeks have likely made the workload easier to manage despite the overtime boycott. But any decline in sales will add to the more than $3.8 billion in operating losses the mail carrier has suffered since 2018. Canada Post faces a reckoning after a report last week found it was effectively bankrupt and in need of drastic reforms such as part-time weekend workers, post office closures and a 'dynamic' approach to mail routes. Read More Canada Editorial Cartoons Toronto Maple Leafs Celebrity Canada
CTV News
21-05-2025
- Business
- CTV News
Can Canada Post bounce back?
Can Canada Post bounce back? Is it possible for the embattled crown corporation to bounce back? Ian Lee, an associate professor at Carleton University, joins CTV Morning Live.
