OTTAWA – Canada Post is at a tipping point. With letters declining, package delivery going to competitors and the Crown corporation having lost $3 billion in the last six years, something will soon have to change about how Canadians get their mail.

The Crown Corporation released its financial reports earlier this month, showing that it lost $748 million before taxes in the last year. In 2006, Canada Post delivered seven letters per week to the average address; it now delivers two. That has reduced overall volumes from 5.5 billion letters in 2006 to 2.2 billion last year.