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.
Unfortunately, our scheduled meetings for Friday, August 15th and Monday, August 18th, have been postponed. The Federal mediators will not be able to assist CUPW and CPC due to their current involvement in the Air Canada negotiations.
This September, CUPW joins its Malayali brothers and sisters with joy and pride to observe Onam celebrations in Canada. Onam is one of the most significant regional festivals celebrated in Kerala, the southernmost state of India.
After pressing the Employer to come back to the bargaining table early last week, we received a response from Canada Post CEO Doug Ettinger on Friday evening, just hours after we posted Bulletin 128, “CUPW is Waiting for Canada Post.” In his letter, Mr. Ettinger stuck to the lines we’ve heard from Canada Post for many months now.
A week ago, CUPW members spoke loudly and rejected what Canada Post called its “best and final” offers. The goal of the Canadian Union of Postal Workers remains negotiating ratifiable collective agreements which meet postal workers’ needs, help grow the current services provided by a public post office and to better serve Canadians with new services.
Last week, postal workers decisively rejected Canada Post’s “best and final offers” in the government-forced vote. With a turnout of over 80%, nearly 70% of our members told Canada Post, “No, these offers won’t do it!”
Every employer in the Federal and Provincial sector has been watching us. Rejecting these offers was a victory not only for our Union, but for the labour movement as a whole.
To all CUPW members,
Thank you for showing up, for standing together, and for participating in the government forced vote. Regardless of how you voted, your participation was an act of solidarity and strength. And for those who voted to reject the final offers, your decision sent a powerful message: “We know our worth, and we deserve better”.
After almost two weeks of voting, the results are now in: CUPW members in both bargaining units have spoken, and they have rejected Canada Post’s global offers.
We’ve now entered the second and final week of the government-imposed forced vote on Canada Post’s “final” offers. As of July 28, 69 % of Urban members and 71.4 % of RSMC members have already casted their vote. Voting continues until 5 pm EST on August 1.
On March 24, 2021, the House of Commons voted to designate August 1st as Emancipation Day to commemorate the slavery abolition act of 1833, which took effect in 1834 and paved the way for the liberation of over 800,000 enslaved Black people across the “British Empire”, including parts of the Caribbean, Africa, South America and Canada.
On July 23, Canada Post shared some information about its “final” offers and the vote that is currently underway with members. Information was shared via email as well as distributed in some workplaces.