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  1. ChiefRunningBit on

    This is like saying a hospital lost money because the healthcare was tax funded.

  2. friedrice1212 on

    It’s a public service. Does the military or the RCMP also “report a loss”?

  3. KLconfidential on

    It needs to be reorganized from top to bottom. The taxpayers shouldn’t have to foot the bill for such an inefficient company.

  4. Prairie_Sky79 on

    So long as they don’t change with the times, this will keep happening. Sure they provide a service, but that doesn’t mean they can just keep wasting money through inefficiency and obsolete practices. Canada Post has to reform, and has to modernize their service. The end of door-to-door delivery is a start. They need to deliver no more than three times per week, and to have more flexibility in their routing, so that fewer employees are required.

  5. Confident-Task7958 on

    Are they still pretending that the billion dollar bailout is a repayable loan?

  6. Zealousideal_Vast799 on

    How about sell your old vans at Crown Assets instead of sending them to the dump. Please someone explain to me why they are allowed to bypass Crown Assets?

  7. Canada Post is a *service*. Services *cost money*.

    You don’t see anyone saying the Canadian Forces „lost money“, do you?

    FOH.

  8. SyrGwynHeroofAshvale on

    1. Under fund public service

    2. Public service is struggling after not being funded correctly

    3. Tell tax payers that the service is costing them money

    4. Privatize the public service. Prices goes way up, quality of service goes down and now all of a sudden it’s profitable with all profits going abroad.

    Guess which step we’re currently at?

  9. alphawolf29 on

    I mean we spent 30bn on indiginious services and 30bn on keeping home interest rates low, 1.5bn for the postal service seems alright.

  10. Cheaper for me to ship a package from Vancouver to Florida than it is to ship from Vancouver to Richmond (one city away).

  11. astral__monk on

    Canada Post runs a deficit because it manages mail and postal services at *an affordable price to Canadians* across wide areas and in regional disparities that are *economically not profitable to operate in*.

    If it had to truly run a profit, or alternatively if a private company was the sole provider, then a large number of Canadians would pay literal fortunes for basic postal services.

    CP covers these areas because it has a mandate to, at a rate that’s acceptable, because it’s a *public service* and we as a country have decided that every Canadian should have fair and as close to equal access to basic postal services as possible.

  12. Exact_Patience_6286 on

    End door to door now, trim the absolute hell out of CP and stop pretending it’s all ok to carry on as is.

    IMHO this is where any government run grocery store will end up a few years down the road. Let’s not do that either.

  13. CoolEdgyNameX on

    As much of a service Canada Post is, neither is it ok for them to operate as if they have a blank cheque. Their union is rapidly costing them out of a job.

    I’m not against Canada post costing money, but 1.5 billion dollars while their union still argues eliminating home delivery will be catastrophic tells me they need to read the room.

  14. All to employees who just leave attempted delivery notices instead of actually delivering which is their sole job

  15. treemoustache on

    Despite being subsidized, Canada Post can’t compete with the private delivery services. Major online retails rarely use them anyone.

  16. HotBreakfast2205 on

    For whole lot of mailman who won’t even read the address before dropping the mail in my mailbox – they sure are paying themselves high to go into loses.

  17. TheNotorious7113 on

    Either dramatically shrink it, or privatize it. Canada Post is a massive waste of money in its current form. We should expect every public corporation to break even.

  18. This is why I don’t understand the strikes. Where on earth would Canada Post get the money to accommodate the unions wants

  19. Purple_Pieman01 on

    Canada Post owns 93% of Purolator which is profitable. Merge operations and run it like a business not a charity.

  20. konathegreat on

    And aren’t these assholes suppose to be voting on a strike / contract soon?

  21. People will cry about this and then at the same time complain about the telecom and bank oligopoly. 

    Canada Post provides an essential service. The government provides service for all Canadians, not just urban ones. 

  22. A lot of people in this thread not understanding Canada Post is a crown corporation, it is run like a business, and it should be generating enough revenue to balance its budget. It’s supposed to pay for itself. 

    You can’t compare it to emergency services or the military, which are not revenue generating. It’s not meant to be funded by taxpayer money

  23. So 39 dollars for every Canadian to keep FedEx and UPS rates reasonable.

    Sounds fair to me

  24. GreatCanadianPotato on

    A lot of comments here effectively saying that because it’s a service, it doesn’t matter how much money they lose, it’s just the cost of running the service and that „you wouldn’t say the military ran a loss“. That is all missing the point.

    We all know that if the Canadian Military purchased something for $5b that was a clear waste of money, you’d all be up in arms saying „I can’t believe my tax payer dollars paid for that shit“.

    Same with Canada Post. Why is door-to-door delivery for certain areas still a thing? That’s a clear inefficiency.

  25. Top-Artichoke-5875 on

    Would it help the post office if they adjusted their focus to community and neighbourhood post offices and boxes plus parcel delivery? What else can they do?

  26. abc123DohRayMe on

    Close it down. Many countries have already privatized their state postal systems

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