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
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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