Canada Post Strike Significantly Impacting Businesses

The ongoing Canada Post strike is having a significant impact on businesses, costing companies at least $76.6 million per day, according to the Canadian Federation of Independent Business (CFIB), which released this information in a statement on Monday.

The CFIB stated that the 17-day nationwide strike by Canada Post workers has already resulted in an estimated $765 million in lost revenue for small and medium-sized businesses.

The organization warned that if the strike continues, the sector could lose more than $1 billion by Wednesday. Approximately 55,000 Canada Post workers have been on strike since November 15, disrupting parcel services across Canada and closing some post offices.

The CFIB criticized the government for inaction, noting that small businesses are suffering as a result. The organization called on the federal government to either implement binding arbitration or introduce back-to-work legislation.