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Started by walktothewater - Last post by rxcory

It affects me. I'm always on the lookout for new notes, whether I'm at home in Portland (most of the time) or Vancouver (a few times a year). I usually only buy the older high-ticket items in person, so I can see for myself and avoid nonsensical inflated online prices. For newer notes, if I find ones I'm looking for at the right price from a Canadian seller I'll still gladly buy, but I'd ask the seller to hold of on shipping until a week after the strike is over, just to reduce chances of misplacement. I'm already used to waiting a week or two, so a little longer wait is not a deal-breaker.


As for sales to Canada, I can't say, as I don't usually have a lot of Canadian buyers. Regardless, I hope the sides can come together on a satisfactory agreement to get this resolved soon. Housing and inflation are eating up everyone's buying power these days, but the Boeing case is a cautionary tale of getting what you asked for.



Off-topic perhaps, but it's kind of sad that the trusty yet beleaguered postal agencies that everyone depends upon like Canada Post and USPS are expected to turn a profit, while military and healthcare budgets can balloon year after year and the only reactions those manage to elicit are yawns and shrugs.

USPS has undergone numerous cuts, restructurings, and price increases over the last few years in an attempt to stop the bleeding, but any gains have been immediately negated by inflation. The end result being that the figures on the spreadsheet still look bad, and our mail service now takes a few days longer on average coast-to-coast.

Started by walktothewater - Last post by AJG

Typically, a strike when a company is losing revenue is not a good idea.  Canada Post will lose even more revenue, and according to what I read in other sources the corporation could run out of money by early 2025 (when I see "early 2025" I would think first quarter or April).  Plus, Canada Post will be required to pay off a $500 million debt by July 2025. This screams bankruptcy in the making.

Canada Post is in dire straits, and from a recent article I read they are still negotiating, but the corporation realizes it is critical to get a deal reached soon or the company may end up going the way of Blockbuster Video in the new year.

Based on past history, strikes - without replacement workers - usually last no more than three months before they are financially impacted, after which the company has no choice other than to give in to many of the union's demands - but after this strike is over, there will likely be many post offices closing down and merged with postal outlets in bigger communities - but if any layoffs happen, it may be minimal to none. Or it may be significant. That probably won't be announced until 2 to 4 weeks after the workers return to work.  There may also be reduced hours of operation for many post offices and postal outlets - possibly similar to the hours of teller service at many banks.  Instead of operating from 9 to 5, it may end up becoming 10 to 3.

I also believe that, after the strike is over, there will likely be longer delays on parcels arriving due to the quality of service becoming worse.  Before the strike, you would have a wait time of a few days or 2 to 3 weeks, but after the strike you may have to wait several months before your package arrives.

Canada Post is continuously negotiating because time is of the essence - not just due to the holiday season, but due to the company's financial health.  It seems as if the corporation is trying to get a deal reached without cuts and layoffs, but closing down post offices and laying off workers is an absolute last resort.  They may have to do that last resort by late January or February if the company is very close to running out of money.

The union is demanding a 24% pay hike over the four years of the agreement, and the company offered 11.5% percent over four years.  I think the 24% figure is just a bargaining tool and really all they really want is midway between - about 17 percent.  Another key issue at hand is the introduction of weekend delivery, which may lead to more frequent injuries.  Once an agreement is reached, they may not get any pay hike for the first year of the agreement, but the pay hike will likely only be good for up to 36 months - should the strike end in late December or into the new year.

I do recall an article about Boeing company workers being on strike for seven weeks, and the workers were fighting for a 40% pay hike to cover the cost of living. The workers rejected two offers - with 30% and 35% pay hikes, but they settled on 38% pay hike plus a lump sum signing bonus of $12,000 - which, according to someone's math is equivalent to 40%.  The union got what they fought for and they were immediately happy - but just after operations resumed, Boeing announced that 17,000 workers (not just striking workers) were receiving layoff notices.  It turns out the offer was too good to be true for Boeing workers. It came back to bite the union in the end.

That said, I expect there will be thousands of jobs cut and/or post offices closing down and moving to bigger post offices after Canada Post ends their strike, but it may not be announced until a month afterwards.

A strike that lasts more than two weeks will usually mean bad news for the workers - whether job losses, consolidation, reduced work days, etc.

If the strike continues into the new year, it may likely be settled by February - due to the looming tax season by that point.  Plus, most strikes that continue into the new year are usually settled by late January or early February - which is typically when strike season is over.

Started by walktothewater - Last post by walktothewater

Archey80 & TN56 I share your concerns. 

I also had a very promising order from Europe that never arrived last year (with no labour upheaval). Eventually, after a lot of stress & contacting eBay, they refunded my money & told me that Canada Post wouldn't deliver the package. That seemed odd. I won't ever know whether this was true (or not) but I can say it was quite annoying as the order contained a couple of great notes from the DR which were about 1/2 the price of the other sellers a few years back. I'd be very lucky if I could buy those notes for the prices today.

Anyway, I am a little concerned now for my package coming from China, seeing as it won't arrive until the dispute is over. 

Started by suretteda - Last post by Breanna72

AJG .. why would you think anything Canada Post related would effect the roll out of currency across the country?  It's not as though currency is distributed by them??  I'm confused. Breanna

Started by walktothewater - Last post by TN56

Not Banknote/Coin related but I have to return a amazon package to a Canada Post and because of the strike I don't know when I am able to return it to Amazon. The deadline for it is November 22th so I hope the workers can negotiate a deal and everything can resume to normal operation

Started by walktothewater - Last post by Archey80

I actually reached out to a eBay seller yesterday asking how they were shipping given the strike but never heard back so didn't buy. I don't want it sitting somewhere for an undetermined period of time.

37   General Forum Comments / Canada Post strike: will. you be affected?

on November 16, 2024, 11:28:46 am

Started by walktothewater - Last post by walktothewater

I have really curbed my buying lately but succumbed to tossing a few bids on one of the last eBay sellers who offered true auction style listings (rather than Buy It Now/BIN).  So, of course, I won 4 World notes (from China) but these will be held up due to the Canada Post strike.

Anyone else affected?

Any predictions how the work action/negotiations will pan out?

W2W

Started by suretteda - Last post by AJG

I think I have a rough idea as to why the Desmond $10 notes had quite a delay in new prefixes reported in 2018.  It probably had to do with the Canada Post rotating strikes which was ongoing when the new $10s were first issued.  The strikes may have prompted banks to hold off on submitting any orders for new banknotes until it was over.

I had come up with that idea, which was sparked because Canada Post workers are now on strike again.

39   General Forum Comments / Re: SNDB "suspect notes" link

on November 11, 2024, 06:14:31 pm

Started by Dean - Last post by Dean

The main link from the SNDB I also noticed is broken, but I've found another link within the forum that allows you to access the suspect notes page. I entered your username for you.

https://cdnpapermoney.com/index.php?enteredby=Dean&hasconf=0&myconf=-1&hasimage=-1&action=sndb&area=suspectnotes

Thanks!  Your link worked.

40   General Forum Comments / Re: SNDB "suspect notes" link

on November 11, 2024, 06:04:51 pm

Started by Dean - Last post by sam999965

The main link from the SNDB I also noticed is broken, but I've found another link within the forum that allows you to access the suspect notes page. I entered your username for you.

https://cdnpapermoney.com/index.php?enteredby=Dean&hasconf=0&myconf=-1&hasimage=-1&action=sndb&area=suspectnotes
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