Yes I do understand proprietary governmental funds? It is my job. Yo Double D think outside your small box.
Are we done with Canada Post yet?
- Thread starter Skoob
- Start date
Again. Tomorrow Trump says that US companies only work for the US. Now you're done.
Also, Canada Post employs Canadian workers and all revenue stays within Canada. By outsourcing it to American companies, you are going to pay the US company and the US employes. Nice job.
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Yes, because that is what i base my opinion on. Isn't it the point of this discussion? Exchange opinions?
So, then you know, that proprietary funds don't need to be profitable, and that the government of Canada can issue loans to the proprietary funds, right?
Not if your opinion isn't based on reality.
Doug Ford is giving a one time tax rebate to Ontario tax payers. Canada Post is mandated to run independently and must turn a profit.
This is arguably the most moronic post ever. Trump would not cut off US companies to only work in the US. Makes no sense. Purolator is Canadian. CP could bid as well (would need to be more efficient) and other Canadian companies could be started to compete on delivery services mail and other shipments.
Snail mail is dying.... time to adapt and change. If CP can adapt, be competitive than great. I have no issue. However we are no longer in the 70's and snail mail is not essential like it used to be. CP needs to adapt and change or we Canadians need to look at alternatives supplement or replace CP.
Proprietary funds & operations are meant to be profitable or P & L neutral. Not to report to shareholders like normal corporations but not to be operational deficit year over year.
Double D - If you don't get it... you don't get it. You can try google.
I am done trying to expand your horizons with original thought. Have fun with your life.
You fail to tell me where i am wrong. I explain you where i am coming from, and you just "Nope, it's not", while don't even try.
Please provide any prove which states that "Canada Post must turn a profit".
You're self-critical to pre-face your reply this way, my applauses.
The point is what if. I get it, you want to sell Canadian assets to the US. Do you know why FedEx is profitable? Because it charges 3 times more for the same delivery in comparison to Canada Post... Purolator is owned by Canada Post haha Do you know anything? It is like Loblaws/Longos/TNT/Super Store, do you think they really compete with one another? I mean if Canada Post wins the bid, everything will be the same, except CP will double its price for shipping. Don't you understand that? Either that, or you sell out one of Canadian essential service to the foreign company and will pay 3 times more.
Lol you have no idea what you're talking about, here is a quote: "It’s a common misconception that these funds are designed to generate profits. In reality, their primary goal is cost recovery, with the main goal of ensuring that the services these funds pay for are reliable and financially sustainable." Here is a link: https://opengov.com/proprietary-funds/
Typical smug talk, nothing substantial. Gen Z?
I mean you did nothing and already tried haha Hope your perfomance in bed is better.
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well "fonz", i hate to break it to you but the mistake your making is assuming govt is a bottomless wishing well
last year. deficit was $ 35.3 billion dollars, this years deficit will be worse and be 10 years straight running a deficits, some of them were woppers.
This is unsustainable
services like health are being stretch to the breaking point as the population growth rate spiked due to stupidity.
inflation for medical equipment and supplies is double CPI and our population is aging which is driving up utilization
a lot more money is going to be needed for Health care
This is unsustainable
So , i suspect at some point your parents told you that you can not have everything you want
very soon you will need to head your parents warning and figure out which do you want
Health Care or government funded money pits like the CBC , Canada post
you cant have both
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what a ridiculous thing to say
you do understand Canada Post is Federal, while Doug Ford is Provincial ?
don't you?
do you understand the difference between federal and provincial spending ......or is it all one big bottomless wishing well for you?
publicly trade utilities have to answer to regulators who set prices to ensure companies remain profitable while not gouging the rate payers
problem solved
There are many people, especially older that are not internet savvy. I was amazed at how much a Canadian stamp is higher than the US. I get 10-15 pieces of mail daily, six days a week, although most of it is junk. While our US rates are much lower than yours, our postal service is the only one that has to fully pre-fund retirement fund future costs, which is unheard of in the private industry. Yet we get individual home delivery other than in some areas with central boxes, but that is rare.
Going private adds a need for shareholder profits and the losses required to serve rural areas without dense populations, which no private company would want to do unless forced to.
Going private adds a need for shareholder profits and the losses required to serve rural areas without dense populations, which no private company would want to do unless forced to.
The government should just give me $1 million. Tell me where I'm wrong?
^^^
You see, I can say whatever I want but it's not based on reality.
It's not me saying nope, it's you. You don't want to acknowledge Canada Post has to be a profitable business and can't rely on hand outs.
It tells you this on the website.
Canada Post reports $748-million loss before tax for 2023
OTTAWA – Canada Post recorded a loss before tax of $748 million in 2023. Results were negatively impacted by the post-pandemic surge in parcel delivery competition, the ongoing erosion of Transaction Mail, and continued growth in addresses and delivery costs.
www.canadapost-postescanada.ca
Correct. Densification makes pseudo public post
almost viable. Canada Post still essential? We have so many private sectors popping up, and the entire phone/internet and other communication infrastructure blows mail 
out of the water as an essential service.The one thing mail does try to establish is your captivity. It's essential for the government that they have a reachable address. For tax purposes
.It's not due to operational issues. It's due to competition and technology advancement which Canada Post has not kept up with.
Instead, they just lose $millions every year keeping their unionized workforce employed.
Canada Post has the mentality of Blockbuster when Netflix was taking over.
Except in Blockbuster's case, they shutdown because they couldn't compete. Canada Post just keeps sucking tax dollars to stay afloat while their union demands "job security".
they are losing hundreds of millions of dollars a year over multiple years
its not a leverage issue as they are funded by the government and thus CP does not carry massive amounts of debt
its not due to a massive write down of assets or a huge tax bill
So that leaves a massive short fall between revenue and operating cost
their biggest revenue source is from business who have alternatives (ie
that leaves the cost structure
materials - this would be minimal
transportation - this would be a significant cost, however the cost of fuel is out of their control
labor - bingo
non unionized management- no doubt there is inefficiencies here as anything associated with govt attracts layers of inefficient bureaucracy -
is there several hundreds of millions of dollars available via management re-org ??? >> very unlikely. that said, any fat here needs to be trimmed
CP has numerous sorting facilities - could there be an opportunity to automate the inside logistics ? probably but alas the savings would be in head count - their operating partner (and I use that term in jest) union will fight that tooth and nail
the letter carriers ? again union, it could have changed but i knew one of the carriers who could get his route done in 3-4 hours in the morning and then he would go work on his side hustle business. again union protected
and now the union is on strike with a huge pile of expensive demands that ultimately would get paid for by taxpayers.
the piggies have their snout in the public purse and will never stop engorging themselves
its not hard to figure out what is wrong here
if i owned this I would shut it down
ponder this
1 in 4 employed Canadians work for one form of govt or another
Governments continually run deficits via debt funding
how long can this last ?
we are screwing over our youth and their kids and their kids kids
there wont be universal health care or OAS for the second or third generation, as we will have a Greek tragedy long before then
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