Yet taxpayers are not on the hook for its losses; Canada Post is funded by the sale of postal products and services. Still, it has been losing money since 2018. In the last six years, its losses have totalled $3 billion, including $748 million in 2023. "The best you can do is make them suck not as bad. That's essentially it. There's no way around that," Geloso, who is also a senior fellow at the Fraser Institute, "It's better if we just go down the route of selling it off."
https://www.cbc.ca/news/canada/postal-service-future-privatization-1.7414824
Yet taxpayers are not on the hook for its losses; Canada Post is funded by the sale of postal products and services. Still, it has been losing money since 2018. In the last six years, its losses have totalled $3 billion, including $748 million in 2023. "The best you can do is make them suck not as bad. That's essentially it. There's no way around that," Geloso, who is also a senior fellow at the Fraser Institute, "It's better if we just go down the route of selling it off." https://www.cbc.ca/news/canada/postal-service-future-privatization-1.7414824
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The U.K., Belgium and Germany have done it. Should Canada also privatize its postal service? | CBC News
Selling off or privatizing Canada Post is just one of many significant and potentially drastic remedies tossed around by analysts who say the Crown corporoation cannot continue in its present form.
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