Canada Post is dying, not with a bang but a whimper, a reality its management and union refuse to accept.
As things stand, its days are numbered and it will inevitably be privatized.
There was a time — lasting for decades — when a postal strike was a national crisis, back when Canada Post held a virtual monopoly on delivering the mail.
But that was then, this is now, and the status quo is no longer an option for the federal crown corporation.
The last time Canada Post turned a profit was 2017.
It lost $3 billion before taxes from 2018 to 2023.
Mail volume dropped from 5.5 billion letters in 2006 to 2.2 billion in 2023. During that same period, the average number of letters households received per week plummeted from seven to two.
The government ordered an end to the most recent post