The Conference Board in Canada recently commented on how Canada Post might deal with what it calls "serious financial challenges" due to rapidly declining mail volumes. According to a CBC News story, the Corporation said it is expecting a "substantial financial loss in 2013." Actually, the amount is $600 million annually by 2020 even if mail costs are increased by “…10 percent a year starting in 2014…”The story also quotes NDP Member of Parliament, Olivia Chow, Opposition Critic, who disses any notion of cuts to the ‘snail mail’ service. Said Chow, “it would be wrong for Canada Post to "retreat" from its mail delivery role. Instead of contemplating cutting postal services, Canada Post should find new opportunities to provide better and expanded services on the e-commerce front so they can increase their revenues".
Canada Post has already said e-Commerce would boost only its parcel delivery service which would not make up for its volume losses on general mail.