Canada Post reported a before-tax loss of $254 million for its second quarter. Revenue dropped by $78 million, or six per cent, year-over-year. Canada Post announced a transformation plan in June that targeted the e-commerce market for parcel delivery but ruled out staffing cuts.
Which is just repeated multiple times. I wasn’t aware that Canada Post was supposed to be profitable.
I totally forgot that some people are trying to privatize it. Ya, as a private business it’d be abysmal. It cannot be operated with profit in mind or else Canadians will suffer.
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Is there a non-necessary reason that Canada Post is losing money like this?
Idk, all I know from this link is that:
Which is just repeated multiple times. I wasn’t aware that Canada Post was supposed to be profitable.
Creative math.
Canada post isnt viable as a private business. It’s an essential service for remote communities, though, and a government service.
Let’s look at how we started treating CP like a business.
I totally forgot that some people are trying to privatize it. Ya, as a private business it’d be abysmal. It cannot be operated with profit in mind or else Canadians will suffer.