- Thread starter
- #741
There's an old apropos saying I often use.... If you take care of the pennies, the dollars look after themselves...
Elections Canada - Please Read post Number 1
- Thread starter Rruuff Day
- Start date
Please forward that to the PBO....
- Thread starter
- #743
Think that would help? The abbreviation should be PFO....ask me ...lol
Every Canadian paying $1,400 for federal debt charges alone this year, taxpayers group says
The debt interest burden is showing a "concerning upward track," says a new PBO report.
nationalpost.com
Let's throw good money after bad.....and lots of it . Jesus H .
www.bnnbloomberg.ca
Feds greenlight $673 million to keep Canada Post afloat this year
The federal government is handing hundreds of millions of dollars to Canada Post to keep the money-bleeding mail service afloat for the current fiscal year.
www.bnnbloomberg.ca
- Thread starter
- #746
We bail them out every year... Last year was over a billion bail out and they still lost $1.6 billion. Doesn't make sense. Cancelling door to door is their new plan to save money. For 5 years now the mail delivery to me and my neighbours has been even less than sporadic. Since the 20th of April we have had mail delivery 4 times. Can't end it though. That would just look bad for the government putting 32,000 people out of work.Let's throw good money after bad.....and lots of it . Jesus H .
Feds greenlight $673 million to keep Canada Post afloat this year
The federal government is handing hundreds of millions of dollars to Canada Post to keep the money-bleeding mail service afloat for the current fiscal year.
But it would provide employment for the 12,000 that would be required to replace them to get the job done......
12cents
Power User
Just out of curiousity with regards to the post office, since when did a government service have to turn a profit?
Breaking even would be nice. But loosing $1,5000,000,000 in ONE year defies logic. That's a lot of new health facilities or school lunches. If CP was a private company it would have been insolvent and folded years ago.
12cents
Power User
SO how much does the other government services cost?
- Thread starter
- #751
Too much!
First, I believe that in your state of emotional distress, you have thrown in an extra 'zero'.
Let's not make this any worse that what it truly is.
Secondly, I disagree with your statement on a privately run postal service going insolvent.
Not that I would want it, but if the private sector were allowed to handle this, the inefficiencies and wasted monies would get sorted out real fast.
Points to ponder:
Do we absolutely need to receive our mail daily? Would once or twice a week not suffice?
Raise the rates. What other business has (had) such a 'captive' audience, only to try to keep it affordable? UPS and Purolator seems to be doing well.
Strive for more on-line payments/receipts/reporting of government cheques. I pay my taxes on-line, then in turn they mail me a statement - why?
Obviously, there are legitamite concerns against privatizing mail service, but if it ever did go that route, I would be buying stock in a heart-beat.
Lol. Emotional distress. Typos do happen. No matter the typo 1.5 BILLION is a serious chunk of change for a one year loss by any entity. What I said and I'll say it again just to be clear , IF Canada Post were a private company with those kinds of losses at the least shareholders would long ago have replaced the board and cleared out the majority of management . Not to mention their stock being dumped like a hot potato.
Here most things that are delivered/mailed were for many years handed by CP . As of the last couple of years many companies now use a delivery service called Firefly , previously called Intellecom . I believe they are now operating in a lot of the country. When this change occurred delivery times were cut in half . They deliver to the door 7 days a week. I have even had parcels arrive at 8 pm . Canada Post unfortunately don't seem to have changed their business model in decades and as a result have lost very considerable market share. To be fair the demands of their union executives haven't helped their cause . They have lost 4.2 Billion over the past 4 1/2 years. Something wrong with that picture. I'm not sure why you wouldn't want CP privatized.... This is from a quick search using Perplexity.
Canada Post has lost substantial parcel business to competitors like UPS, FedEx, and Amazon over recent years, driven by declining market share, labor disruptions, and e-commerce shifts.
Market Share Decline
Canada Post's parcel market share dropped sharply from 62% in 2019 to 26.7% in 2024, and further to around 24% by late 2024 before additional labor issues. This collapse reflects competitors capturing growth in the $17 billion Canadian delivery market amid Canada Post's operational constraints.
Parcel Volume Losses
In 2025 alone, parcel volumes fell 32.6% (79 million fewer pieces, from 240 million to 161 million), as customers shifted to more reliable alternatives during labor uncertainty. Earlier years saw steady erosion, with total losses since 2018 exceeding $6 billion cumulatively.
Revenue Impact
Parcel revenues declined by $850–900 million (30.1%) in 2025, from $2.8 billion to $1.9 billion, contributing to a record $1.57 billion pre-tax loss that year. Overall revenues fell $315 million (4.7%), with parcels—once half of total revenue—now significantly diminished.
Key Factors
Labor strikes and uncertainty accelerated shifts, with businesses locking in long-term contracts elsewhere; Canada Post noted much of this volume may be unrecoverable without modernization. Regulatory limits on weekend delivery and pricing further hampered competitiveness against private firms.
I don't really need it at all for mail. Very little reasons to receive anything. Drivers license and health card, but not much more. Only for parcels really. I don't need or want junk mail.
97% of what ends up in my site mailbox is exactly that . Junk mail .
- Thread starter
- #756
I agree with DW. Mail twice a week would be sufficient. I have had 4 mail deliveries in 18 days and other than something to complain about, I don't really care. And yes. At least 95% of what I get is junk also.