Rosa Saba, The Canadian Press

The chair of Canada Post’s board says the organization’s financial situation is unsustainable.

"The board and senior management recognize that Canada Post is at a critical juncture," said André Hudon at its annual general meeting on Wednesday.

"Significant change is urgently needed to preserve Canada Post's delivery network, which is vital because it's the only delivery network built to serve all Canadians."

The federal government should consider policies to tackle “excessive net profits” in the food industry, the House of Commons committee studying food prices said in its latest report. 

The committee recommended the government look into ways to address these profits in "monopolistic and oligopolistic sectors in the food supply chain," which it says are driving up prices for farmers and consumers.

Canada pledged to keep a close eye on escalating tensions in Russia on Saturday as an armed rebellion threatened to divide the country's attention and forces amid its ongoing war in Ukraine. 

Authorities in Russia are trying to tamp down the rebellion led by mercenary chief Yevgeny Prigozhin. The millionaire has been outspoken for months in his criticisms against Russia's military leaders, accusing them of not providing enough munitions in the key battle for the eastern city of Bakhmut. 

As 2022 comes to a close and the cost of living continues to climb, many Canadians are looking for ways to cut back on spending — and some are looking to trim down on subscriptions.

But with subscription services offered in almost every category these days, it can be hard to keep track of exactly how much you're spending on a monthly basis.

Heading into the new year, freelance journalist John Loeppky took stock of his finances and noticed a lengthy list of regular credit card charges.

“It can very easily get away from you," he said.