Start with a simple question ...
Canada Post (CP) is again on strike. Recently, the Prime Minister stated that “the Crown Corporation is hemorrhaging money, but plans have been put forward to reduce losses.” Earlier this year, he provided a $ 1B injection. CP lost $ 407M in just Q2. Surprise? CP has consistently lost money and in greater amounts. Over $ 2B losses, last 4 years and on track this year for $ 1.5B loss. I read that the reasons for the disastrous results are declining use of mail, outdated restrictions, market dynamic changes, and stalled labour relations. So what should Canada do?