Outdated Rules and Mounting Losses: Can Anything Be Done to Fix Canada Post?

Canada Post needs drastic measures to staunch the fiscal bleeding and revamp its operations after a tough decade, experts say. The Crown corporation lost $748 million before taxes in 2023, its second-worst year on record as Canadians sent fewer letters while competitors gobbled up even more of the parcel market. Some observers see higher stamp prices, a more efficient delivery network and expansion into new areas—from banking to government services—among the potential routes to profitability. Households received seven letters a week on average in 2006, but only two per week last year, according to Canada Post’s annual report, which dubs the trend “the Great Mail Decline.”...