Canada Post strike update: Negotiations remain stuck [Video]

Negotiations between Canada Post and the union representing its workers appear to be in a deadlock as the two sides remain far apart on wages and other issues.

On Monday, the union unveiled its latest wage proposal: an increase of 19 per cent over four years, dropping its previous demands of 24 per cent.

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But Canada Post, beleaguered by six years of financial losses, says that figure is still too high.

“Canada Post has offered wage hikes of 11.5 per cent over four years,” reads a release from the company sent to media on Wednesday.

“Your Negotiators are working hard to get an agreement members can ratify,” read a release from the union to members describing its latest demands. “We need Canada Post to meet us there.”

The strike is nearing its fourth week. Some …