Season 8 - Episode 20: Should We Kill Canada Post?

Canada Post is hemorrhaging money—over $5 billion in losses since 2018, with no end in sight. As postal workers walk off the job for the second time in a year, the Crown corporation is effectively insolvent, surviving only on a $1 billion government bailout.

But this isn't just a story about a strike. It's about an institution designed for 5.5 billion letters per year now delivering less than half that, while still maintaining the same infrastructure, the same costs, and the same workforce.

The world has changed. Canada Post hasn't. Can it be fixed, or is it time to let it go?

Takeaways

• Canada Post is facing significant financial losses, exceeding $3 billion since 2018.

• The union is demanding additional paid medical days and expanded benefits.

• Government efforts focus on finding efficiencies in postal services.

• The role of unions may conflict with the need for operational efficiency.

• Digital transformation is essential for the future of mail delivery.

• Rural communities are particularly affected by changes in mail services.

• There is a need for innovative solutions to maintain mail delivery.

• The conversation emphasizes empathy for postal workers amid the crisis.

• The potential for Canada Post to pivot towards a more competitive model exists.

• The future of Canada Post may involve significant downsizing due to digital trends.