Canada Post Corp. and its main union reached “agreements in principle,” raising hopes that weeks of rotating strikes that disrupted mail and parcel deliveries nationwide could finally come to an end ahead of the holiday season.

The strike is suspended, and postal workers will return to their jobs while talks continue to finalize the details of the arrangement, according to an emailed statement from Canada Post.

“Both sides have agreed on the main points of the deals, but we need to agree on the contractual language that will form the collective agreements that would be put to a vote by the members,” Canadian Union of Postal Workers National President Jan Simpson said in a statement on November 21. Neither side shared details of any new agreement.

The indication of a deal will bring relief to retailers and businesses that rely heavily on parcel delivery. Walkouts started twelve months ago. That initial strike was suspended in December 2024 after the government asked an independent labor board to order workers back to the job. But strikes resumed in September after parties were unable to reach an agreement. 

Earlier on November 21, the postal carrier revealed dire and deepening financial losses and said it needs short-term financing to stay solvent over the coming year because a CAN$1 billion ($709 million) government loan issued in January will run out three months early.