Canada Post and losing money

Published on February 24, 2014

I’m writing in response to the letter to the editor from Ruth Larson dated Feb. 8: “Stop Canada Post’s action plan in its tracks.”

Canada Post has a mandate to fund its operations with revenues from the sale of its products and services, rather than become a burden on taxpayers.

With the increasing use of digital communication and the historic decline of letter mail, Canada Post had begun to post significant financial losses.

If left unchecked, continued losses would have jeopardized its financial self-sufficiency and become a significant burden on taxpayers and customers.

Consultation with thousands of customers over five months aided us in developing the five initiatives in our Action plan that will form the foundation of a new postal system designed to serve busy Canadians and meet their changing needs for postal services. We are proud of our history in connecting Canadians, from community-to-community, enabling commerce and remote trade and feel confident this plan will help us protect the future of our postal service.

Mary Traversy

senior vice-president

(business transformation)

Canada Post