Canada Post's chief financial officer, Wayne Cheeseman, said the pension plan's obligations are growing faster than the corporation, noting the plan's solvency deficit at market value rose by $2 billion in the last six months to reach $8.1 billion by the end of June.
Wayne Cheeseman, Canada Posts chief financial officer, noted that it was a very small profit, given that Canada Posts revenues exceeded $6 billion, and when additional companies are included it was $8 billion.