Canada Post CRO Doug Ettinger says $1B federal loan ‘not a long-term fix,’ while union says Crown corp is using financial woes to angle for service cutbacks.
Canada Post will get a $1 billion infusion of funding from the federal government as it deals with what it calls "significant financial challenges." ...
The Crown corporation says the repayable funding will help it maintain operations but would not help in its structural issues as it faces consistent financial losses.