The Crown corporation says both sides have agreed not to give the required 72-hour notice of a strike or lockout as long as the talks are productive.
The Canadian Union of Postal Workers was in a legal strike position as of today, but has yet to issue a strike notice, and Canada Post says operations are continuing as normal.
Canada Post presented its latest contract offer last week, which included annual wage increases amounting to 11.5 per cent over four years.
The union had announced earlier in the week that its members voted overwhelmingly to support a strike if a deal could not be reached at the bargaining table.
Federal Labour Minister Steven MacKinnon met last Thursday with the union and Canada Post management to encourage them to reach a negotiated settlement.
