Canada Post is 'effectively bankrupt,' should phase out door-to-door letter mail delivery: report

Canada Post is facing an “existential crisis” and needs to phase out its daily door-to-door letter-mail delivery service to address its financial losses, according to a report by the Industrial Inquiry Commission. The report highlights the necessity for changes like hiring part-time employees for weekend parcel delivery and lifting moratoriums on rural post office closures to enhance efficiency. Following a recent national strike, which caused long-standing customers to leave, Canada Post’s situation has worsened, emphasizing the need for modernization and technological innovation to remain competitive.

Full Article