Wednesday May 7, 2014 – 11am
Posted May 7, 2014 12:19:04 PM.
This article is more than 5 years old.
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11:30am- Should taxpayers continue to subsidize Canada Post?
Jon Hamilton, Canada Post spokesperson.
Canada Post along with its affiliated companies including Purolator Courier recorded a $58 million loss, before taxes, in 2013, or a net loss of $29 million. The loss was blamed on a continued drop in demand for ordinary mail like bills, statements and actual letters, where the Canada Post segment, which includes the mail and parcel business, lost $269 million last year.
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