Following targeted testing in late 2024 and early 2025, the Canada Post MyMoney Account is now available nationwide. This marks a key step in expanding Canada Post’s financial services offerings.
Canada Post announced that the Corporation and its financial partner, TD Bank, have “decided to pause the MyMoney Loan application indefinitely.”
The announcement is extremely troubling, and the past several months have been frustrating, with the temporary pause and now a decommissioned loan product.
The Canadian Union of Postal Workers (CUPW) is pleased to announce that Canada Post is launching the long-awaited “NEW” financial service offering as a market test to the public in September 2021. The Appendix “T” Committee has lots of news to share.
The Appendix “T” Working Committee continues to meet regularly with CPC to discuss expanding Canada Post’s financial services offerings to the public. Since our last bulletin, we have made progress on several fronts...
Thanks to the mobilization of CUPW, the labour movement, our allies and the support of hundreds of municipalities, CPC is finally planning to expand into financial services.
Recently, Canada Post has spoken out about the importance and potential benefits of expanding its financial services to the public and small businesses. CUPW welcomes this new direction because we know that service expansion is needed to maintain good jobs, and to promote increased financial inclusion and better access to services.
For Immediate Release - Ottawa - MPs to vote on motion to study postal banking in the fall - A new research report shows how Canadians would benefit from banking and financial services at the post office, and how these services would revitalize Canada Post.
Postal workers' unions — the Canadian Union of Postal Workers (CUPW) and the Canadian Postmasters and Assistants Association (CPAA) and more than 600 municipalities(1) and other allies are supporting the set-up of postal banking and making financial services available in every post office. This report recaps the case for postal banking, and shows how clear the path is for its implementation in Canada.
Canada Post’s 2017 Annual Report came out yesterday, and it confirms the position that we’ve taken for many years now: there is no financial crisis at Canada Post, there’s plenty of room for growth yet, and expansion and innovation mark the way to long-term viability for the service.
In fall of 2013 we launched a campaign - you may remember it as the debut of our ten-foot inflatable piggy banks - to advocate for postal banking at Canada Post, as a way to diversify the postal service’s revenues, but also as an opportunity to address financial exclusion and marginalization, and extend services to people and places that the big banks have turned their backs on - small towns, the North, many inner city populations, and urban Indigenous communities.
Support Postal Banking - Download and Sign the Petition
Canada needs a postal bank. Thousands of rural towns and villages in our country do not have a bank, but many of them have a post office that could provide financial services. As well, nearly two million Canadians desperately need an alternative to payday lenders. A postal bank could be that alternative. Download and sign the petition urging the Government of Canada to instruct Canada Post to add postal banking, with a mandate for financial inclusion.
This Labour Day, workers across Canada are gathering not just to celebrate our history, but to demand a fair future. This year’s theme, “A Canada for Workers: Made Here, Paid Here,” is a call to action: the people who power this country deserve recognition and results.
After reaching out to Canada Post through the Federal mediators to schedule a meeting, the Negotiating Committees will return to the bargaining table today, Wednesday, August 27.
The Federal mediators advised us that Canada Post has cancelled today’s (August 25) planned meeting. The Corporation says it needs more time to review our latest global offers. We are expecting to receive more questions from Canada Post about our offers through the Federal mediators.
Yesterday, August 20, CUPW’s Negotiating Committees returned to the bargaining table to present comprehensive global offers for both the RSMC and Urban bargaining units.
While we had planned to meet again tomorrow, Canada Post has told us today that it needs more time to review our offers.