Canada Post suspends operations across Canada

Canada Post has suspended operations across the country after 12 days of rotating strikes by its unionized urban workers.

The Crown Corporation blames its decision on declines in mail volumes and revenue as a result of the work stoppages.

In a statement released late Tuesday night, the corporation estimates it has lost $100 million after the latest rotating strikes in Montreal and Toronto.

It also says the post office and the Canadian Union of Postal Workers remain “far apart” on several key issues, with no progress made at the negotiating table for weeks.

Canada Post says it believes a lockout is the best way to bring a “timely resolution” to the impasse in talks.

The corporation says it hopes to meet with the union tomorrow to continue negotiations.