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Canada Post to launch weekend parcel delivery by year’s end
Canada Post announced on Friday that it plans to introduce weekend parcel delivery in three major cities later this year, part of a plan to modernize its business model and capture more parcel business from electronic retailers as it tries to return to profitability. The postal carrier credited this year’s resolution of a drawnout labor dispute with restoring customer confidence in the second quarter, which sparked an early-stage recovery of parcel business and helped reduce the pre-tax loss by a third to US$199.7 million. The state-owned company also said it reduced costs by 6.3% during the q