Canada Post says talks are continuing with the union that represents postal workers and neither side has given notice of a work stoppage.

In a short statement Sunday, the Crown corporation said both sides have agreed not to give the required 72-hour notice of a strike or lockout 鈥渁s long as the talks are productive.鈥� It said operations are continuing as normal.

The Canadian Union of Postal Workers could have been in a legal strike position as of Sunday, after a cooling-off period in the contract talks ended the day before, but has yet to issue a strike notice. The union said Friday that a notice could still be issued 鈥渁t any time鈥� if talks break down.

Canada Post presented its latest contract offer last week which included annual wage increases amounting to 11.5 per cent over four years. The new proposal also protects the defined benefit pension for current employees, as well as their job security and health benefits. The corporation says the offer will 鈥渆nsure current employees don鈥檛 lose ground.鈥�

On Wednesday, the union said Canada Post鈥檚 offer 鈥渋s far from what we are demanding and deserve.鈥� The union announced earlier in the week its members had voted overwhelmingly to support a strike if a deal could not be reached at the bargaining table. It said preliminary results showed 95.8 per cent of urban workers and 95.5 per cent of rural workers voted to back the strike mandate.

Canada Post, meanwhile, said in its statement Sunday that it is 鈥渞apidly falling behind in today鈥檚 highly competitive, customer-focused parcel delivery market.鈥� Last week, the corporation said it lost $490 million in the first six months of 2024, and $3 billion since 2018. The company said it wants to negotiate 鈥渁 more flexible and affordable delivery model鈥� that would include parcel delivery seven days a week.

Federal Labour Minister Steven MacKinnon met last Thursday with the union and Canada Post management to encourage them to reach a negotiated settlement.