The Canada Post strike, now two weeks in, has cost the small- and medium-sized business sector at least $765 million or $76.6 million each business day.
At this rate, if the strike is not immediately resolved, it will have cost the sector over $1 billion as of Wednesday, warns the Canadian Federation of Independent Business (CFIB).
Overall, 69% of small business owners want the government to introduce back-to-work legislation.
Corinne Pohlmann, Executive Vice-President of Advocacy at CFIB, says that if the strike isn’t settled this week, Canada Post will not be a player for the entire holiday season given the backlog it will have to sort through before taking on new business.
(Sherry Haaima)