Canada Post is losing money on parcel delivery, not just regular mail. They are pretty awful as a service (for anything serious at least) and are constantly going on strike, so everyone is flocking to private competition. I've had 3 different packages end up in a purgatory in 2 different strikes and now I use Fedex instead.
Which is funny because parcel delivery has only grown over the last decade while Canada Post loses more and more money, while their union workers are demanding pay raises and job security.
They just get delayed. Pickup points stop accepting packages. Mail boxes fill up. But they catch up when Canada Post goes back to work. Goods don’t disappear but delay with no predictable end date.
Canada Post is a crown corp so they operate independently but have a charter they owe to the federal govt. The feds can and have legislated back to work, but it is very unpopular when they do, and tends to just kick problems down the road.
They need to majorly rethink and restructure. I know we can continue to just pay, it’s an institution and we are a rich country who can afford institutions. But it will lose money forever until we recon with how times have changed.
Which is funny because parcel delivery has only grown over the last decade while Canada Post loses more and more money, while their union workers are demanding pay raises and job security.