Canada Post, which holds a monopoly on Canadian letter delivery, reported a loss of $748 million this year and is expected to run out of money by early 2025. Despite parcel delivery to Canadian businesses and households being at an all-time high, the Crown corporation continues to struggle as it has lost about 50 per cent that business to competitors. In an insightful documentary first aired on CBC on May 24, host Andrew Chang delves into the challenges facing Canada Post and explores what these issues mean for the future of mail delivery to Canadians. Click on the link below to view the documentary. https://www.cbc.ca/player/play/video/9.4233453

Source: CBC News May 27, 2024 12:48 UTC