Canada Post says it may need Ottawa’s help in 2014

OTTAWA Canada Post is facing major financial difficulties and will likely be asking Ottawa for financial relief next year, the federal Crown corporation said Thursday.

The company, collectively the Canada Post Group, made the comment in releasing its third-quarter results, which included an improved but still sizeable pre-tax loss of $109 million for the period ended Sept. 28.

The group, which includes the Canada Post mail and parcel delivery segment, along with majority-owned subsidiaries Purolator, SCI Group and Innovapost, says options under consideration include asking the federal government for additional pension regulatory relief and new financing for 2014.

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