"The bottom line is this: Canada Post is effectively insolvent," Lightbound said earlier Thursday.

"It provides an essential service to Canadians, and in particular to rural, remote and Indigenous communities, and Canadians are rightfully attached to it and want it saved. However, repeated bailouts from the federal government are not the solution."

FFS it's a service not a business; profit is not the goal. Paying bills for services isn't 'bailing out' your service provider, it's paying for what you've used.

Mail transit is essential for a modern civilization, and it's not something that should be privately controlled. Having private options is fine, but there should ALWAYS be a federal mail service.

It’s crazy how governments across the world are failing their citizens but seem to have unlimited money for corruption

Good. Eliminating all door to door deliveries is not the answer and whoever came up with that rationale needs to removed immediately.

And again, for the people in the back: Canada post is a service. It doesn’t make money. It costs money. Same way public healthcare does.

Why are they trying to spin it as a business that needs to generate profit or undertake cost cutting measures to exist and continue providing services that are still being widely used?

Looking at the loss numbers cited since 2018 come down to $20-30 per Canadian per year tops. This whole hullabaloo, erosion of confidence, economic disruption and more are over that. Mail and parcel delivery is basic economic infrastructure today. Having a public, reliable delivery service that covers all of Canada, that's run below cost, is an economic enabler for Canadian businesses, like water, electricity and roads. I can't believe we're doing what we're doing right now, especially for a government that talks about boosting Canada's economy. Ridiculous.

E: I'm beginning to believe that this isn't about incompetence mismanagement but perhaps willful mismanagement on the part of CP's exec layer who perhaps see higher compensation on the horizon, should CP be privatized. Of course at the expense of everyone else, workers, businesses and individual Canadians.

Support to these workers striking - Mark Carney promised he wouldn't do austerity like Pollievre and hes blatantly breaking that promise with funding cuts for Canada Post. If there's a crisis at Canada Post its because they need to be funded, not have working hours cut in the name of austerity.

Want to know how to get Canada Post back on its feet, financially? Ban private delivery services.

Stand with the posties and send a message to this government that siding with corporations instead of labour won't end well.

What changed for 2018 to turn gains to losses?

I think the angle people aren't looking at more is the financial side of things and actually calculating it out. [https://www.canadapost-postescanada.ca/cpc/en/our-company/financial-and-sustainability-reports/2024-annual-report/our-financial-picture.page](Canada Post's Financials - See the first chart yourselves)

So it seems like 2018 they invested a little and the loss reduced. COVID happened so the big loss there isn't surprising. However, in between the reduced service, someone ate their lunch or their upper management / c-suite / board no longer has the qualifications to lead it's own team. Change the management already.

The monetary part of how much this subscription to Canada Post is going to be..: 841 million/41 million (current Canadian population) ~= $20.51 cents (rough math of ~$52.56 dollars per household based on 16 million addresses in Canada Post's system) Canadian to have delivery/mailbox/post offices/parcel pickups. Now go compare the rates that Canada Post offers versus FedDex, DHL etc. Ask yourself, would you still use Canada Post?

So yeah, let's all be outraged about $52.56 dollars for this service.