Canada Post's financial situation 'unsustainable': board chair

The chair of the board for Canada Post is issuing a dire warning about the future of the mail service.

Chair André Hudon warns it’s financial situation is unsustainable.

Hudon says the postal service is as a critical juncture, and a significant change is needed to preserve the delivery network.

Canada Post reported a second-quarter profit of $46 million, as a one-time sale of subsidiaries offset losses of $269 million.

Hudon says the increase in popularity of online shopping during the pandemic reshaped the parcel delivery market, which has made it hard for Canada Post to match high-tech, low-cost competitors.

He also says the company is working hard to deliver new services in order to make Canada Post more competitive, as the e-commerce industry continues to boom.

Charlotte Cornfield discusses what goes into her music hours before taking the stage at Hamilton’s Supercrawl

The Long Walk Home smashes fundraising record for YMCA

Hamilton Judge finds Christopher Sim’s killer guilty of first-degree murder

Supercrawl director breaks down importance of Hamilton street fest