CPC Posts $319,000,000 Record Profit in 2009
Shortly after lamenting the financial dire straights of the Corporation, the nearly former President and CEO of Canada Post said to a group of CUPW members at Capilano Delivery Centre – “Don’t listen to rhetoric or spin” from CUPW. Rhetoric? Spin? Over the past few 
months corporate suits have been making the rounds of various stations and plants across Canada talking to our members about how “we” need to keep the company strong. They are saying things like “revenues were more than 500 million dollars below plan last year”. What they conveniently have not been saying is that the Corporation celebrated its 15th straight year of profitability last year. A record profit in fact, to the tune of 319 million dollars. CPC also managed to scrape together 379 million dollars to spend on new equipment and buildings in 2009, with another 528 million dollars planned for 2010. The Corporation is also talking about borrowing massive amounts of money, up to 2.5 billion dollars, in order to finance its ambitious modern post initiatives in hopes of achieving 250 million dollars in annual efficiencies.
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Decades ago, the Letter Carriers’ Union of Canada negotiated language that required Canada Post to cover the absences of Letter Carriers and Mail Service Couriers. That language not only promoted the integrity of Canada Post’s mail service but ensured that the incumbent of an unstaffed route would not be left in an overburdening situation upon his or her return from leave. 
On Monday, May 31, a letter carrier from the Capilano Delivery Centre discovered a powdery yellow substance coating some of the mail while emptying it from a street letter box. It was initially assumed to be a benign substance. The letter carrier became suspicious shortly afterward, however, when a rash developed in the area of contact with the substance. As the mail had already been collected, it was brought back to the Capilano Delivery Centre, and a supervisor was promptly informed.
a specific date of July 14th), Moya will begin her new job replacing the outgoing boss, Adam Crozier, who left for a position at ITV. His salary was just under 1 million pounds but Moya will not likely be getting that much as the new coalition governing Britain led by Prime Minister David Cameron has stated that no employee of the public service should make more than 20 times what the lowest paid employee in the service makes. This “limit” would leave room for Moya to take home more money than she currently earns as the highest paid public employee in Canada.