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Canada Post CEO says he supports Ottawa's plan to shore up its shaky finances
['Wed', 'October', 'At P.M. Gmt', 'Min Read']
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OTTAWA — The CEO of Canada Post says he supports the government's plans to shore up the Crown corporation's finances.
"Canada Post remains a vital national institution — and Canadians deserve a postal service that is strong, stable and fits their needs."
Procurement Minister Joël Lightbound announced sweeping changes on Sept. 25 to stop Canada Post from bleeding money as mail volumes plummet.
Prime Minister Mark Carney expressed his commitment to Canada Post on Wednesday, calling the postal service "essential."
Canada Post is losing millions of dollars.