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this post was submitted on 25 Sep 2025
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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.