Value Subtracted@startrek.website to Canada@lemmy.caEnglish · 9 days agoCanada Post workers on nationwide strike after government demands reformswww.cbc.caexternal-linkmessage-square88fedilinkarrow-up140arrow-down10
arrow-up140arrow-down1external-linkCanada Post workers on nationwide strike after government demands reformswww.cbc.caValue Subtracted@startrek.website to Canada@lemmy.caEnglish · 9 days agomessage-square88fedilink
minus-squareGrindingGears@lemmy.calinkfedilinkarrow-up0·8 days agoIt doesn’t need to be profitable, but if it’s literally burning billions of dollars a year, it’s quite obviously not efficient nor a smart use of our capital.
minus-squaresaigot@lemmy.calinkfedilinkarrow-up2·edit-28 days agoIt’s net loss in 2024 of ~800million which isn’t even a single billion. I think 20bucks a year on canada post is pretty reasonable. E: Oh and most of that loss can be attributed to the previous strike.
minus-squareCileTheSane@lemmy.calinkfedilinkarrow-up1arrow-down1·8 days agoBest I can find the government gave a $1 billion loan to Canada Post. The toal expenditures in the 2024 budget was $538 billion. This is having $500 in wallet and being concerned that the $1 you loaned to someone could have been spent better.
minus-squareGrindingGears@lemmy.calinkfedilinkarrow-up1arrow-down1·6 days agoIt has to start somewhere.
minus-squareCileTheSane@lemmy.calinkfedilinkarrow-up1·6 days agoMaybe start somewhere that takes at least a whole 1% of the budget instead of what amounts to a rounding error.
It doesn’t need to be profitable, but if it’s literally burning billions of dollars a year, it’s quite obviously not efficient nor a smart use of our capital.
It’s net loss in 2024 of ~800million which isn’t even a single billion. I think 20bucks a year on canada post is pretty reasonable.
E: Oh and most of that loss can be attributed to the previous strike.
Best I can find the government gave a $1 billion loan to Canada Post.
The toal expenditures in the 2024 budget was $538 billion.
This is having $500 in wallet and being concerned that the $1 you loaned to someone could have been spent better.
It has to start somewhere.
Maybe start somewhere that takes at least a whole 1% of the budget instead of what amounts to a rounding error.