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.
