[burnin_vernon]

Originally Posted by Resolute 14

Canada Post lost money in 2011, 2012 and 2013. Over $500 million combined. The losses were even greater if you removed their subsidiary companies like Purolator. At the time the decision to end home delivery was made, there were fears that Canada Post would be losing up to $1 billion a year by 2020. Last year turned out to be the exception, as Canada Post turned a $300 million profit.

Originally Posted by Resolute 14

"Falling mail volumes will result in Canada Post losing a billion dollars a year by 2020, the Conference Board of Canada said..."

Except for the fact that Trudeau is only wasting our tax dollars to stop it and will have to waste even more tax dollars to roll it back or to re-start it. So, great. The one thing Trudeau has actually done so far is a huge, pointless waste. If that is going to be his modus operandi, then we're in trouble.

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In 2011, there was a $327 million loss due to lawsuit and a lockout. The losses were not due to operations.

There was no loss in 2012. The Conference Board of Canada (which Chopra sits on) predicted a huge loss, when, in fact, CP made $94 million.

2013 saw a loss of $125 million.

2014 made a profit of $299 million.

With parcel volume increasing constantly, admail revenue blowing up, lower wages to new hires, reduced sick time, and eliminating jobs, Canada Post is not in the trouble many believe it to be. They won't be going near anyone's tax money.