Canada Post - Huge losses

let them go on strike for a couple years Canada post is pretty much irrelevant after all the other strikes moved all the businesses to other methods of delivery

Sent from my Pixel 5 using Tapatalk
 
let them go on strike for a couple years Canada post is pretty much irrelevant after all the other strikes moved all the businesses to other methods of delivery

Sent from my Pixel 5 using Tapatalk
Interesting strategy. Management dgaf as they get paid no matter what happens and upper management will get a golden handshake if CP collapses. Union probably wants to get strike settled with JT's hand on the chequebook as PP may not be as friendly. I'd hate to live somewhere remote though.
 
What a cluster. You can now get chequing and savings accounts through Canada post. Management has completely lost the plot and should all be turfed.

I don't hate the idea.

While there is a strong argument that CP should stay in its lane until it fixed existing problems, but I don't see why it can't innovate and expand services where they have a unique advantage. Offerring cash services from rural post offices seem to be a good fit as retail branches and no-cost ATMs are sparse in remote areas.

I guess we will see.
 
I don't hate the idea.

While there is a strong argument that CP should stay in its lane until it fixed existing problems, but I don't see why it can't innovate and expand services where they have a unique advantage. Offerring cash services from rural post offices seem to be a good fit as retail branches and no-cost ATMs are sparse in remote areas.

I guess we will see.
Given the overhead that every government agency piles on, it would be cheaper to put in the private atms like every convenience store and if there was justification for no cost, have taxpayers eat the service charge. A few service charges a day will be at least an order of magnitude cheaper for the taxpayer than a cp bank.
 
Given the overhead that every government agency piles on, it would be cheaper to put in the private atms like every convenience store and if there was justification for no cost, have taxpayers eat the service charge. A few service charges a day will be at least an order of magnitude cheaper for the taxpayer than a cp bank.
That is way too efficient, you need 5 layers of management minimum, for any kind of project :rolleyes: :LOL:
 

"According to the World Bank, more than 99% of adult Canadians have an account with a financial institution,1 so the accessibility of banking services in Canada is incredibly high. Whether it’s a savings, chequing, low-fee, student, or senior − full of bells and whistles or a plain vanilla account − there is a lot of choice for Canadians and over 100 account packages to choose from in the marketplace."
 
While I'm all for competition, new technologies, and finding efficiencies...selling of crown assets is one of those things that rarely actually results in the intended benefits outlined prior to the sale.

There is ZERO chance that prices of mail will go down (don't matter to me as I don't use mail 99% of the year).

My recommendation would be to start with the top. Fire them off one by one for incompetence. Replace with new blood, and bring in replacements at each level that actually have the power to make changes.

I work for OPS, the 'we've always done it this way' is an absolute killer...and I'd be lying if jumping ship isn't on my mind more often back into the private sector.
 
This will just accelerate everyone to create or push people to use secure online portals. I've already got a message from TD about the pending strike and the option for the portal to maintain service.
 
While I'm all for competition, new technologies, and finding efficiencies...selling of crown assets is one of those things that rarely actually results in the intended benefits outlined prior to the sale.

There is ZERO chance that prices of mail will go down (don't matter to me as I don't use mail 99% of the year).

My recommendation would be to start with the top. Fire them off one by one for incompetence. Replace with new blood, and bring in replacements at each level that actually have the power to make changes.

I work for OPS, the 'we've always done it this way' is an absolute killer...and I'd be lying if jumping ship isn't on my mind more often back into the private sector.
Firing from the top (who probably have contractual golden handshakes) while giving them no ability to deal with obstructionist union probably just costs more money. Sadly, many of our public sector institutions need grenades dropped into them. The rot and malaise is so ingrained that it is likely not possible to save them without a huge staff turnover.
 
Firing from the top (who probably have contractual golden handshakes) while giving them no ability to deal with obstructionist union probably just costs more money. Sadly, many of our public sector institutions need grenades dropped into them. The rot and malaise is so ingrained that it is likely not possible to save them without a huge staff turnover.
You are correct. My buddy just started a new role where they basically cleaned house due to the level of incompetence.

Fully clean slate.
 
Given the overhead that every government agency piles on, it would be cheaper to put in the private atms like every convenience store and if there was justification for no cost, have taxpayers eat the service charge. A few service charges a day will be at least an order of magnitude cheaper for the taxpayer than a cp bank.
There are things you can't do in rural and remote areas of Canada. The reason you don't see ATMs in a lot of remote locations? They fit in the back of a pickup.

CPC already handles cash, and they sell and settle money orders and stamps. Handling a deposit/chequing account is done by their banking partner -- all they would likely do is become bank tellers. FINTECH makes being a bank branch pretty easy these days
 
I use CP very seldom, everything is online. Other than tax receipt time I really would not be impacted by a strike.

Up until about 6 months ago, or so, I had all of my Amazon orders sent to the local Shoppers as we're in the area 2 - 3 times a week and it's pretty convenient to stop there. Amazon offered next day delivery to my home, or to shoppers, so no delay and no porch pirates issues if a package went there.

All of that has changed, now if I select Shoppers as a delivery point I'm waiting a week for delivery, but it's still next day to my door. Question I have is who initiated this change in service as it is pulling volume away from CP and they could use the revenue? Also, CP is good for that "last mile", in particular in rural areas.

Amazon aside CP needs to cost out its service and charge the appropriate amount to process and deliver mail. Does it make any sense that it's about a buck to mail something from Mississauga to Oakville, but it's still a buck for me to mail it to Vancouver? Pure politics here in that the government effectively restricts postage cost to buy or keep votes. Why is there differential service to customers? I get my mail in a "Super Mailbox", but millions of people still get home delivery. Again, pure politics here blocking the elimination of home delivery for detached, semi detached and townhouses. What savings might be realized over the next 5 years is Super Mailbox use was maximise to the extent possible?

Let CP sort out its current operations before adding a banking function. If a banking function is needed at all, then it should be restricted to areas where banks do not provide service, primarily in rural areas.

I should comment that banks can be selective in terms of who they provide service to. I have a disabled relative who is on ODSP and a disability pension. Several local banks refused to let him open an account until someone intervened on his behalf.
 
There are things you can't do in rural and remote areas of Canada. The reason you don't see ATMs in a lot of remote locations? They fit in the back of a pickup.
Are pick up trucks really that much smaller in the city?
 
Back
Top Bottom