Canada Post called for financing guarantee cash flow

Recently, Canada Post said, the group is exploring the possibility of financing channels, to avoid the loss caused by the 2014 taxpayer cash flow problems.
The latest data show, group a $76000000 loss in the second quarter of 2013. Compared to the number of Canadian postal business income of the half of the country -- the transaction messages dropped 6.3%. Canada Post said at the same time, group will take a special fund of $1100000000 to $5900000000 in 2014 to advance the pension.
Therefore, the current situation of the group to find channels, to alleviate the financial pressure. Canada Post that, until the middle of 2014, the company will need extra liquidity.
Canada Post says, the cash gap is expected to expand in the rest of the fiscal year 2014. In order to solve the anticipated funding shortages, Canada Post is its only shareholder -- the Canadian government negotiate the feasible scheme, because some measures may need approval. These proposed schemes include seeking additional pension supervision, strive for more financing support.
Canada Post said, it is in urgent need to restructure its current business model. In recent years, the group has been trying to achieve a major transformation.
MYEX Minya Express International
2013-09-11