This is like saying a hospital lost money because the healthcare was tax funded.
friedrice1212 on
It’s a public service. Does the military or the RCMP also “report a loss”?
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.
Substantial_Number24 on
What a mismanaged mess.
Ok_Vermicelli_7380 on
How much of that went to executive salaries?
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.
Confident-Task7958 on
Are they still pretending that the billion dollar bailout is a repayable loan?
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?
aravarth on
Canada Post is a *service*. Services *cost money*.
You don’t see anyone saying the Canadian Forces „lost money“, do you?
FOH.
wrx8888 on
Cut ceo pay and bonuses?
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?
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.
lbiggy on
Not a loss.
A cost.
Saisinko on
Cheaper for me to ship a package from Vancouver to Florida than it is to ship from Vancouver to Richmond (one city away).
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.
Strofari on
How much was purolator profits?
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.
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.
Weekly_Laugh4288 on
yet there union thinks they should go on strike.
Juicedddd_ on
They just can’t keep up and they refuse to adapt.
lman84 on
All to employees who just leave attempted delivery notices instead of actually delivering which is their sole job
treemoustache on
Despite being subsidized, Canada Post can’t compete with the private delivery services. Major online retails rarely use them anyone.
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.
posser3 on
And admin side received bonuses lol
darkstar107 on
That’s a lot of money
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.
jc6146 on
This is why I don’t understand the strikes. Where on earth would Canada Post get the money to accommodate the unions wants
hula_balu on
Billion! With a B! Ffs
thxxx1337 on
In related news stamps are $100 each now
kemar7856 on
You don’t need 500 Vice president’s and senior managers
Purple_Pieman01 on
Canada Post owns 93% of Purolator which is profitable. Merge operations and run it like a business not a charity.
Doog5 on
Good thing the Joly family business is growing 100x
Aquestingfart on
Maybe they should go on strike again
konathegreat on
And aren’t these assholes suppose to be voting on a strike / contract soon?
Blacksheep7895 on
The below report provides a pretty detailed window into how this happened. For those who want to go beyond headlines and hot-takes. (The Canadian taxpayers are not getting good value for money & both the government / union are to blame.)
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.
SpaceHobbes on
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
Ikea_desklamp on
Breaking: BC education posts 8.5 billion dollar loss in 2025.
Niess on
So 39 dollars for every Canadian to keep FedEx and UPS rates reasonable.
Sounds fair to me
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.
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?
Silverfoxman on
It’s a service stfu
abc123DohRayMe on
Close it down. Many countries have already privatized their state postal systems
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43 Kommentare
This is like saying a hospital lost money because the healthcare was tax funded.
It’s a public service. Does the military or the RCMP also “report a loss”?
It needs to be reorganized from top to bottom. The taxpayers shouldn’t have to foot the bill for such an inefficient company.
What a mismanaged mess.
How much of that went to executive salaries?
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.
Are they still pretending that the billion dollar bailout is a repayable loan?
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?
Canada Post is a *service*. Services *cost money*.
You don’t see anyone saying the Canadian Forces „lost money“, do you?
FOH.
Cut ceo pay and bonuses?
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?
I mean we spent 30bn on indiginious services and 30bn on keeping home interest rates low, 1.5bn for the postal service seems alright.
Not a loss.
A cost.
Cheaper for me to ship a package from Vancouver to Florida than it is to ship from Vancouver to Richmond (one city away).
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.
How much was purolator profits?
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.
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.
yet there union thinks they should go on strike.
They just can’t keep up and they refuse to adapt.
All to employees who just leave attempted delivery notices instead of actually delivering which is their sole job
Despite being subsidized, Canada Post can’t compete with the private delivery services. Major online retails rarely use them anyone.
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.
And admin side received bonuses lol
That’s a lot of money
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.
This is why I don’t understand the strikes. Where on earth would Canada Post get the money to accommodate the unions wants
Billion! With a B! Ffs
In related news stamps are $100 each now
You don’t need 500 Vice president’s and senior managers
Canada Post owns 93% of Purolator which is profitable. Merge operations and run it like a business not a charity.
Good thing the Joly family business is growing 100x
Maybe they should go on strike again
And aren’t these assholes suppose to be voting on a strike / contract soon?
The below report provides a pretty detailed window into how this happened. For those who want to go beyond headlines and hot-takes. (The Canadian taxpayers are not getting good value for money & both the government / union are to blame.)
https://www.canada.ca/content/dam/esdc-edsc/documents/programs/reports/industrial-inquiry-commission-canada-post/IIC_EN_20250530.pdf
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.
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
Breaking: BC education posts 8.5 billion dollar loss in 2025.
So 39 dollars for every Canadian to keep FedEx and UPS rates reasonable.
Sounds fair to me
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.
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?
It’s a service stfu
Close it down. Many countries have already privatized their state postal systems