Canada Post faces a severe decline in its core services, with customer losses accelerating due to previous strikes and competition from private couriers. Postal volumes have dropped dramatically, and while parcel mail has seen demand surge post-pandemic, their market share has halved. A recent inquiry report underscores the financial fragility of Canada Post, revealing that without a billion-dollar emergency lifeline, the organization would have been unable to meet payroll, indicating dire future prospects regardless of labor disputes.
Whether or not Canada Post's workers decide to go out on strike this week will matter a great deal to those who depend on its services.
Every one of Canada Post's main lines of business is in jeopardy, as tenants of letter mail and direct mail shrink significantly, amidst rising parcel competition.
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