A closer look at Canada Post’s Annual reports on profits from 2004–2011.
Canada Post, the media, the Canadian Union of Postal Workers, and parliamentarians of every political affiliation, have emphasized Canada Post had a 16 year run of profits until the stated loss in 2011. Is this correct?
The results from 1995 to 2003 are hard to assess and cannot be easily reconciled, but from 2004 onwards the reports are more conclusive. Therefore the more reasonable question is, what do the records show since 2004?
Continue reading “Canada Post and Profits: 2004–2011”