Post&Parcel--Canada Post has recorded its first loss after 16 consecutive years of profitability, with declining mail volumes and last summer's strike action contributing to a $327m loss before tax in 2011.
The Crown Corporation, which is funded by its own income rather than government support, said today that its pension problems and a $150m equality pay-out ordered by the Supreme Court were also significant factors in the loss reported on an unconsolidated basis for the group. Read more!
The Crown Corporation, which is funded by its own income rather than government support, said today that its pension problems and a $150m equality pay-out ordered by the Supreme Court were also significant factors in the loss reported on an unconsolidated basis for the group. Read more!
