THE AMERICA ONE NEWS
Jun 6, 2025  |  
0
 | Remer,MN
Sponsor:  QWIKET 
Sponsor:  QWIKET 
Sponsor:  QWIKET: Elevate your fantasy game! Interactive Sports Knowledge.
Sponsor:  QWIKET: Elevate your fantasy game! Interactive Sports Knowledge and Reasoning Support for Fantasy Sports and Betting Enthusiasts.
back  
topic
National Post
National Post
13 May 2024


NextImg:'Critical juncture': Canada Post is bleeding money and will need a big change by next year

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.