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Canada Post warns of looming insolvency and losses
Canada Post, facing a 2023 pre tax loss of 748 million dollars and six year losses totaling 3 billion, says operating funds could run dry without borrowing or refinancing. It cites a drastic drop in letter volume from seven letters per household weekly in 2006 to two in 2023 and considers slower or less frequent deliveries to cut costs.
MENTIONED IN THIS ARTICLE
Canada Post
Post Office
Crown Corporation
Canada Posts
Doug Ettinger
Roblin Review
Brandon
Calgary
Austria Post
Austria