Canada Post says talks with the union representing postal workers continue and it still hopes to negotiate a deal. The statement also says that two other unions representing Canada Post workers have agreed to the pension changes, and only CUPW is holding out. Canada Post made new contract proposals about a week ago, and the union presented a counter-offer on Friday. The last time Canada Post experienced a work stoppage was in 2011, which included 10 days of rotating strikes and a lockout before employees were legislated back to work by Ottawa. A representative from Canada Post says in a written statement that the union's proposed plan would add "at least $1 billion" in costs over the next three years.

Source: CBC News July 04, 2016 12:56 UTC