'Canada Post is now facing an existential crisis,' said a statement from Joël Lightbound, Canada's minister of government transformation, public works and procurement

The Canadian Union of Postal Workers (CUPW) has announced a countrywide strike, effective immediately.

The announcement follows a statement from Joël Lightbound, Canada’s minister of government transformation, public works and procurement, on Thursday afternoon.

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“Canada Post is now facing an existential crisis,” the statement said. “Since 2018, the corporation has accumulated more than $5 billion in losses.”

Lightbound outlined measures that he hopes will “stabilize the corporation’s finances and enable its modernization,” which include changes to letter mail delivery standards, converting all addresse

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