🇨🇦 Canada Post burns $1.57 billion in one year — an 87% jump from the previous disaster

This Crown corporation just posted a record loss while revenue fell 4.7% and parcel volumes collapsed. Labour uncertainty, union strikes, and structural paralysis turned a taxpayer-funded monopoly into a black hole. The union president now urges workers to reject a deal his own board endorsed, demanding better wages and protections — for a corporation hemorrhaging over a billion dollars annually. Classic public sector math.

Meanwhile you're expected to subsidize their pensions, tolerate service cuts, and watch politicians avoid the obvious: this model is broken beyond repair. Private couriers deliver faster and cheaper, but Ottawa clings to its beloved Soviet-era mail service because ideology trumps competence. Transformation means privatization, but that would require courage this government doesn't possess.

🍁 Maple Chronicles