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Canada Post CEO touts hints of recovery even as financial woes persist
- Canada Post CEO Doug Ettinger says the postal service is showing “early signs” of financial recovery despite declining revenue and larger losses in the first half of the year.
- Ettinger says Canada Post is regaining some parcel-delivery business lost since 2019 through small-business shipping discounts and a new online marketplace.
- Ettinger says Canada Post is “overbuilt” in cities and must reduce its urban operations as it changes its business model.
- Canada Post plans to move four million remaining door-to-door delivery addresses to community mailboxes within about five years; its second-quarter pre-tax loss was $277 million, down from $407 million a year earlier.
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28 Articles
28 Articles
The Toronto Star+26 Reposted by 26 other sources
Canada Post CEO touts hints of recovery even as financial woes persist
OTTAWA - The head of Canada Post says it is showing “early signs” of financial recovery despite falling revenue and bigger losses in the first half of the year.
·Toronto, Canada
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The President and CEO of Canada Post asserts that the company is showing early signs of financial recovery, despite a decline in sales and larger losses in the first half of the year.
·Montreal, Canada
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Total News Sources28
Leaning Left19Leaning Right0Center8Last UpdatedBias Distribution70% Left
Bias Distribution
- 70% of the sources lean Left
70% Left
L 70%
C 30%
Factuality
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