Experts say Canada Post needs to take drastic measures to stop the fiscal bleeding and revamp its operations after a tough decade.
Canada Post lost 748-million-dollars before taxes in 2023 — its second-worst year on record.
Some suggest higher stamp prices, a more efficient delivery network, and expansion into new fields, such as banking and government services, as possible solutions.
Last year, the Crown corporation lost that figure on the back of changing consumer habits and competitors gobbling up more of the parcel market