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Canada Post CEO touts hints of recovery even as financial woes persist
Canada Post CEO touts hints of financial recovery
THE CANADIAN PRESS/Justin Tang
The head of Canada Post says it is showing “early signs” of financial recovery despite falling revenue and bigger losses in the first half of the year.
CEO Doug Ettinger says the postal service is winning back some of the parcel delivery market that has slipped away since 2019 as it continues with shipping discounts for small businesses and pushes a new online marketplace for them to sell products directly to consumers.
However, he says Canada Post remains “overbuilt” in cities and must be smaller in those urban areas in the future.
Switching the remaining four million addresses that still enjoy doorstep delivery to community mailboxes within about five years marks a key pillar of Canada Post’s plan to overhaul its business model in the face of declining letter mail and mounting financial losses.
The Crown corporation is launching an online tool Thursday that lets customers with door-to-door delivery enter their postal code to see when their area is slated for conversion to a community mailbox, with the first in more than 10 years completed a few days ago in Winnipeg and Sept-Îles, Que.
In August, Canada Post reported losses of $277 million before taxes for the second quarter of the year, marking an improvement from the $407 million in pre-tax losses a year earlier.
This report by The Canadian Press was first published Oct. 22, 2026.
Copyright 2026, The Canadian Press. All rights reserved.
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Ontario to table fall fiscal update next week with 'disciplined' spending approach
Ontario to table fall fiscal update Oct. 29
THE CANADIAN PRESS/Nathan Denette
Ontario's finance minister says he will table his government's fall economic statement next week, on Oct. 29.
Peter Bethlenfalvy announced in a breakfast speech to the Canadian Club today that the document will provide an update on the province's finances and outline the next phase of his plan.
He did not divulge any details, but says it will continue with a "focused, disciplined and responsible approach" to spending.
Ontario closed out the 2025-26 fiscal year with a $13-billion deficit, and Bethlenfalvy says today that this year's is projected to be higher, which would be in line with the spring budget forecast of $13.8 billion.
Bethlenfalvy in the 2026 budget delayed the province's path to balance, projecting it will be in the black in 2028-29.
He says today that Ontario has weathered the impacts of American tariffs better than economists had thought, but the slower economy is having an impact and leading to deficits as a necessity.
This report by The Canadian Press was first published Oct. 22, 2026.
By Allison Jones | Copyright 2026, The Canadian Press. All rights reserved.
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Carney arrives in Turkey for meetings with Turkish president, business leaders
Carney arrives in Turkey for three-day trade trip
THE CANADIAN PRESS/Adrian Wyld
Prime Minister Mark Carney arrived in Turkey on Thursday to kick off a three-day trip aimed at deepening political and economic ties with the NATO ally.
Carney is set to meet with Turkish President Recep Tayyip Erdogan in Ankara, in what the Prime Minister's Office says will be the first bilateral visit by a Canadian prime minister to Turkey.
Shortly after landing on Thursday, Carney laid a wreath at the mausoleum of Turkish founding father Mustafa Kemal Ataturk.
Joining Carney on the trip are Foreign Affairs Minister Anita Anand and Natural Resources Minister Tim Hodgson.
Senior government officials told reporters ahead of the trip that Hodgson’s presence on the trip speaks to the importance of energy projects in talks between the nations.
Canada and Turkey do about $4 billion in trade annually, and formally launched talks to pursue a free-trade pact on the sidelines of the NATO summit in Ankara earlier this year.
Carney's bid to diversify trade beyond the United States and find new global investors for Canadian infrastructure projects is well-suited to deeper ties with Turkey, said Kerim Uras, the former Turkish ambassador to Canada.
Both the Canadian and Turkish economies need alternatives to the increasingly protectionist U.S. market, Uras said.
While neither country can replace the United States with any one partner, forging connections between middle powers should be part of the path forward, he said.
"One can summarize it like the Carney doctrine meets Turkish pragmatism," said Uras, now a senior fellow at Carleton University's Centre in Modern Turkish Studies.
After meeting Erdogan in Ankara, Carney will head to Istanbul for meetings with Turkish business leaders on Friday before heading back to Canada on Saturday.
This report by The Canadian Press was first published Oct. 22, 2026.
By Craig Lord | Copyright 2026, The Canadian Press. All rights reserved.
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Tony Romo Proved He’s The Best Sports Commentator Last Night With His Hilarious 'Rocky' Quotes
If you're familiar with the Dallas Cowboys, then you're familiar with Tony Romo, it's just that simple. The former Dallas Cowboys quarterback has taken up several hobbies since his days on the field, including sports commentating! After lots of practice, "Tony Romo" and "sports commentator" have become something you can often hear in the same sentence and he was hitting an ultimate high last night.
Fans had a lot of good things to say about Romo's commentating skills last night, especially with him throwing in the enthusiastic Rocky reference.
We'll get to that later.
It's not uncommon to see former NFL players on the other side of the sports world once their career on the field comes to an end, but it is worth celebrating when they end up being great at it.
When you're as big of a legend as Romo is, you certainly have the upper hand.
Twitter user CoachTeixeira tweeted "Tony romo with the greatest commentary of all time!"
They followed up their claim with a line that Romo used during his commentary of the Texan game. "'It’s like watching Rocky when he’s getting punched over and over, he’s not losing he’s getting mad!'”
If there's an easy way to win people's hearts when it comes to commentating, it's quoting one of the greatest movies ever made.
Certainly, other factors play a role, such as voice, tone, and overall knowledge of the sport that's being broadcast.
Sports fans are a tough crowd to please, so sometimes even that isn't enough!
Twitter user aubreyybadger tweeted "Me listening to any other commentator vs. me listening to Tony Romo," with a hilarious dog meme below it.
The dog is clearly upset in the first photo, and blissful in the second.
Now that Romo has gotten such a great reaction from fans, his current free agent status may be changing very soon.
Rumors have it that ESPN is preparing a massive offer for Romo to leave CBS as an analyst and become the lead analyst for ESPN's "Monday Night Football."
It'd be silly for him to turn it down, so it's just a matter of time before he's back in the big leagues!
Like @DavidWysong_ tweeted above, "Every game is 100 times better when Tony Romo is commentating it."
You've got that right!