this post was submitted on 29 Sep 2025
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No you wouldn’t. Those are competitive industries, despite all the griping about Canadian banks and Rogers et al. Unless you’re going to turn Canada Post into a bank (and discontinue delivering mail) they’re not going to be viable just because you add banking service.
65% of Canada Post’s costs are the salaries of postal workers. Letter volume has dropped from 5.5 billion to less than 2 billion over the past 2 decades. Since the strike began, plans are in motion for many businesses that send a lot of mail to switch to electronic. Plenty of businesses that send out millions of letters per year are using the strike as a kick in the butt to switch to electronic. When the strike ends the volume won’t even come close to getting back to 2 billion.