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The Big Story
Will Canada Post end daily mail delivery?
May 8, 2024
Exploring the possibility of Canada Post ending daily mail delivery due to financial challenges, implications for different demographics, and the struggle for modernization and sustainability in an increasingly digital world.
23:59
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Quick takeaways
- Canada Post may reduce mail delivery frequency to adjust to declining mail volume.
- Canada Post aims to innovate with proposals like senior check-ins and postal banking to stay relevant and increase revenue.
Deep dives
Canada Post's Financial Struggles
Canada Post has been facing financial challenges, recording annual losses and struggling to adapt to changing mail delivery preferences. The decrease in letter mail and parcel deliveries have significantly impacted their revenue, leading to consecutive years of financial losses. The potential shift in mail delivery frequency reflects the need for Canada Post to modernize and ensure its self-sustainability.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode