Canada Post is reportedly losing money hand over fist this year.
We apologize, but this video has failed to load.“Transaction mail continued to erode while direct marketing declined as businesses’ marketing budgets remained under pressure.”In 2020, it was $779 million, and in 2019 the loss was $153 million.“The Government of Canada expects the corporation to operate in a manner that is financially self-sustaining,” the post office wrote in its last Annual Report to Parliament.
“The corporation submitted to the Government of Canada a strategic plan that acknowledges the magnitude and significance of recurring financial losses over the past five years and reinforces the importance of transformation to serve Canadians.”Article contentIn 2022, the Department of Public Works commissioned a public opinion surveys on Canadians’ support for cuts to postal services.
“This research is intended to capture the views of Canadians about the mail and their current expectations of Canada Post especially in the wake of the Covid-19 pandemic and Canada Post’s ongoing financial losses,” said the report Canadians’ Views On Canada Post Services. Another survey of small business owners, the largest users of the post office, said most supported an end to doorstep mail delivery.
“When it comes to reducing Canada Post’s financial losses, more businesses than not believe that Canada Post should be supported by the federal government to maintain their current service offering in addition to directly subsidizing the more costly and less profitable postal services in rural and remote communities,” wrote researchers.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Canada Post loses more than $250M in second quarterCanada Post continued to bleed cash last quarter, as losses ballooned by 59 per cent.
Lire la suite »
China slowdown may help Canada's inflation fightDesjardins Group\u0027s Jimmy Jean explains how China could help the Bank of Canada tame inflation. Watch here.
Lire la suite »
China wants more Canada flights after COVID-19 turbulence, despite tour-group banBeijing and Ottawa are in talks aimed at increasing flights between China and Canada, following American deals and the lifting of COVID-19 restrictions, but diplomatic spats and the aviation sector's gradual pace of change could prolong the turbulence.
Lire la suite »
Canada's LePage, Warner sit in first and third, Mitton advances at athletics worldsBUDAPEST, Hungary — Canada's Pierce LePage and Damian Warner sit in first and third heading into the final two events of the men's decathlon on Saturday at the World Athletics Championships. LePage of Whitby, Ont.
Lire la suite »
Canada's LePage, Warner sit in first and third, Mitton advances at athletics worldsBUDAPEST, Hungary — Canada's Pierce LePage and Damian Warner sit in first and third heading into the final two events of the men's decathlon on Saturday at the World Athletics Championships. LePage of Whitby, Ont.
Lire la suite »