Canada Post lost $748 million last year, warns of ‘critical’ financial situation

Politics·New Canada Post warns its financial situation is so grim it could run out of operating money in less than a year, citing declining revenue and increased competition from private delivery companies. Crown corporation could run out of money in less than a year, cites declining revenue and stiff competition CBC News · Posted: May 03, 2024 … Read more

Canada is still backing the fossil fuel industry with billions, report finds

A new report says the federal government is providing billions of dollars in financial support for the fossil fuel industry, despite measures announced last year to limit certain types of subsidies for the oil and gas industry. The analysis, released today by the advocacy group Environmental Defence, estimated that Ottawa offered up at least $18.6 … Read more

Federal environment minister calls Premier Moe ‘immoral’ for flouting carbon-price law

Environment Minister Steven Guilbeault says Ottawa has to take action against Saskatchewan for breaking the federal carbon-pricing law. Premier Scott Moe said last week Saskatchewan would not submit the money it owes for the carbon price on natural gas as required on Feb. 29. Moe is protesting Ottawa’s decision to exempt heating oil from the levy … Read more

Canada Post selling off logistics business as part of effort to ‘transform’ Crown corp

Canada Post Inc. is selling off its third-party logistics business to a Montreal company, according to a media release Tuesday from the Crown corporation. The sale of SCI Group Inc. to Metro Supply Chain comes as the country’s national postal service “focuses on transforming to serve the changing needs of Canadians and Canadian businesses,” says … Read more

Olympic medallist among 3 new senators appointed by Trudeau

Politics Prime Minister Justin Trudeau has appointed a former Olympian, a philanthropist and the head of the Canadian Women’s Foundation to the Senate. All three appointees to fill vacant Ontario Senate seats The Canadian Press · Posted: Dec 20, 2023 3:32 PM EST | Last Updated: 9 hours ago Marnie McBean (left), Paulette Senior (centre) and … Read more