On Thursday, Public Services Minister Joel Lightbound said the federal government is adopting recommendations from the Kaplan inquiry to stabilize Canada Post, which he described as “effectively insolvent.” The plan lifts a 30-year moratorium on rural post offices and adds community mailboxes at four million new addresses. Lightbound has given the Crown corporation 45 days to deliver a cost-cutting plan and find efficiencies to curb its $10 million in daily losses.
Economy
Carney government accepts reform plan as Canada Post loses millions daily
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