Fast Facts
Canada Post is a national company dedicated to providing Canadians with reliable, affordable and universal service.
- Canada Post meets or exceeds its delivery standards 96% of the time.
- The cost of sending a letter in Canada is among the lowest of all industrialized nations. It costs the same to send a letter from Halifax to Vancouver as it does to send a letter from Montreal to Ottawa. The Consumer Price Index has increased 14.5 per cent since 2002, while the price of a basic stamp has gone up only 8.3 per cent or 4 cents.
- In 2007, Canada Post delivered 11.8 billion letters and packages to 31 million Canadians and over one million business and institutions.
Canada Post is a well-managed business that does not rely on taxpayer support.
- In 2007, total revenue for Canada Post and its affiliated companies (the Canada Post Group) exceeded $7.5 billion.
- The Canada Post Group has been a profitable company for 13 consecutive years. In 2007, it registered profits of $54 million.
- In 2008, Canada Post returned a dividend of $22 million to its shareholder, the Government of Canada, based on its 2007 revenue.
Canada Post is committed to working with all of its employees and their unions to ensure labour stability and continued growth for Canada Post.
- There have been no major labour disruptions at Canada Post for more than ten years. In 2007, Canada Post successfully negotiated a four-year contract with its largest union, the Canadian Union of Postal Workers (CUPW).
- Negotiated settlements were also reached with the other unions that represent Canada Post employees, with little or no labour disruption. They include the Association of Postal Officials of Canada, the Public Service Alliance of Canada and the Canadian Postmasters and Assistants Association.
- Canada Post and its unions have worked together and continue to work together to pilot and implement various new initiatives aimed at improving Canada Post’s business practices.
Canada Post is a leader in the information delivery sector.
- Over the last few years, Canada Post and its partners introduced various new electronic services including epost, the world’s first online post office and PosteCS, a Web-based secure document delivery and e-messaging solution.
- Sell-Online is another Canada Post service that allows retailers and their online customers to take full advantage of the Internet and Canada Post’s physical distribution network. Other services include Borderfree, a service that facilitates Canadians’ purchases on US online sites by providing one unique “landed in Canada” price that also includes duty fees and delivery costs.
- Key strategic alliances have positioned Canada Post as a provider of end-to-end solutions for online companies such as Amazon.ca.
Canada Post plays a major role in the Canadian economy
- Canada Post is one of the largest corporations in Canada in terms of revenue.
- The Canada Post Group, with almost 72,000 employees, is among the top 10 employers in every province and territory. It provides over $10 billion in labour income and consequently, more than $1.4 billion in federal and $1.1 billion in provincial personal income taxes. It also provides more than $720 million in corporate taxes.
- Canada Post’s expenditures in purchases of goods and services support an additional 45,200 jobs in Canada's economy.
Canada Post must begin to address some key challenges immediately to ensure its long-term viability
- Canada Post has embarked on an ambitious program to transform into a modern post. This process of renewal involves modernizing the postal network end to end, and will require a significant investment of up to $1.9 billion over several years.
- As part of this postal transformation, the corporation is modernizing its equipment, plants and processes to become more competitive and deliver a new value proposition to customers.
- Our aging infrastructure is holding us back:
- a large number of our plants are approaching 40 years of service
- much of our equipment needs to be replaced
- our technology is not integrated to support a modern operation.
- Modernizing our operations will also focus on dramatically improving employee workplace safety through better and brighter facilities that are more environmentally friendly, and where safety is built into the technology, processes and equipment.