It doesn’t need to be profitable, but if it’s literally burning billions of dollars a year, it’s quite obviously not efficient nor a smart use of our capital.
If billions of dollars a year is a problem, saving $20 million is meaningless. If not 1.5B a year, how much do you think is appropriate to spend so that all Canadians have mail service? How did you come to that figure?
It doesn’t need to be profitable, but if it’s literally burning billions of dollars a year, it’s quite obviously not efficient nor a smart use of our capital.
It’s net loss in 2024 of ~800million which isn’t even a single billion. I think 20bucks a year on canada post is pretty reasonable.
E: Oh and most of that loss can be attributed to the previous strike.
If billions of dollars a year is a problem, saving $20 million is meaningless. If not 1.5B a year, how much do you think is appropriate to spend so that all Canadians have mail service? How did you come to that figure?
Best I can find the government gave a $1 billion loan to Canada Post.
The toal expenditures in the 2024 budget was $538 billion.
This is having $500 in wallet and being concerned that the $1 you loaned to someone could have been spent better.
It has to start somewhere.
Maybe start somewhere that takes at least a whole 1% of the budget instead of what amounts to a rounding error.