Instead of door-to-door delivery, cities will be switched to a system of community mailboxes where letters and parcels will be available for pick-up, much like in rural areas and subdivisions.
It's not yet clear how the plan will affect Toronto specifically, though 6,000 to 8,000 jobs will likely be lost nationwide as the cost saving measures are rolled out.
According to the official version of events, six years after it was founded in Hamilton, Ont. by former Maple Leafs defenceman Tim Horton, the wildly popular coffee and donuts franchise had opened its first Toronto store at 853 The Queensway, and in doing so created a foothold for an empire in Canada's largest city.
But the Queensway store was not technically the first Tim Hortons in Toronto - an earlier incarnation of the company fled the city amid falling sales and rabid competition in the 1960s before almost dying out entirely.
"I stand by my words, what I said with Conrad Black," Ford said at a press conference this afternoon. "I stand by every word I said with Mr. Black in my interview."
From major corporate landlords to smaller, shared workplace operations, there are many options available to those looking for an office in Toronto. We've already rounded up some of the top shared office spaces, but given the importance of neighbourhoods when deciding where to locate a company, we've broken down the options (both shared and otherwise) available in six key areas in Toronto so as to highlight what each has to offer the prospective renter.