The union representing Canada Post workers said Friday that it has "reached agreements in principle" with the Crown corporation.

"This means both sides have agreed on the main points of the deals, but we need to agree on the contractual language that will form the collective agreements that would be put to a vote by the members," the Canadian Union of Postal Workers (CUPW) said in a statement.

"Upon signing the agreements, the Union agrees to pause its strike action, and the Employer agrees to suspend its right to lockout. The Union will retain the right to strike until new agreements are ratified."

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