Corporation Fully Capable of Absorbing One-Time Payment
Canada Post announced today a second quarter loss of $242 million, but this should not be seen as an indication of the overall health of the corporation. The loss is due to a one-time payment which Canada Post will have to make to settle their longstanding pay-equity issue with Rural and Suburban Mail Carriers (RSMC).
Though Canada Post has accounted for the cost of the settlement in quarter two of 2018, it hasn’t actually made any payments yet, and the final dollar figure is actually still being negotiated.