CIBC Mellon is actively monitoring reports of a potential disruption to Canada Post services due to a labour dispute between Canada Post and the Canadian Union of Postal Workers (CUPW). We are aware that CUPW has issued a strike notice to Canada Post, which means a postal service disruption could begin as early as Monday, October 22, 2018.
CIBC Mellon will keep clients apprised regarding potential impacts to CIBC Mellon’s services. The large majority of day-to-day asset servicing activities managed through CIBC Mellon are conducted electronically, by fax or courier, and will not be impacted if a service disruption does occur, however, we have developed contingency plans where necessary.
If you have additional questions about CIBC Mellon’s plans should a postal service disruption occur, please contact your CIBC Mellon Service Director or Relationship Manager at any time.