Canada Post - Stop Fighting Find A Solution

A couple of weeks ago, I mentioned that only 30% of start-ups and small-to-medium businesses survive beyond 10 years — meaning 70% ultimately fail due to insufficient capital, weak business planning, and limited market research.

Now, let’s turn to Canada Post, a federal Crown corporation that is supposed to be financially self-sustaining through its products and services — not taxpayer funding. However, the reality is that Canada Post is effectively being supported by Canadian taxpayers due to the massive debt it has accumulated over the past seven years.

Canada Post’s Financial Situation:

1.  Operating losses: Nearly $1.3 billion in the most recent year — the seventh consecutive annual loss.

2.  Total losses since 2018: Over $5.0 billion and growing.

3.  Parcel market share: Dropped from 62% in 2019 to about 24% in 2024 — a staggering 38% decline, largely due to competition from UPS, FedEx, and Amazon and consumer’s buying and shipping habits changing.

If Canada Post were a private corporation (startups to large), it would have been restructured, sold, or declared bankrupt years ago. Its current trajectory is unsustainable, and Canadians need to face a tough question: DO WE SAVE CANADA POST, SELL IT, OR LET IT GO BANKRUPT? 

I’ve personally experienced corporate bankruptcy. Within a year, our company successfully emerged from it because we had strong assets that attracted buyers. I believe Canada Post also has valuable assets — most notably, its nationwide delivery network that reaches every corner of the country.

Yes, we should save Canada Post, but only through major restructuring and downsizing. Without decisive action, the financial spiral will continue. No private company would currently buy or invest in Canada Post, but if the government, with the support and help from financial business experts, can stabilize operations within the next two years, it could open the door to a partnership with a Canadian private-sector firm.

Some may oppose this idea — especially unions — but avoiding action will only result in more job losses down the line. While a government-declared bankruptcy is unlikely, it may ultimately be the only viable path forward. Bankruptcy, while difficult, can also be a fresh start.

If managed properly, Canada Post could once again become a financially sound, trusted national institution — one that Canadians can be proud of.

#canadapost #maildelivery