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More notice of bank closures and easier cheque cashing: 5 nuggets buried in Tuesday's budget (www.cbc.ca)

submitted 1 week ago by ValueSubtracted@startrek.website to c/canada@lemmy.ca

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[–] GodofLies@lemmy.ca 1 points 6 days ago (1 children)

Lol...leave? Leaving billions on the table overnight? Yeah, I would call the duopoly's bluff. You said it yourself, someone else will fill the void to take advantage of market conditions and provide the good/service that was there before. It just means Liberals and Cons lean corporate heavy.

Canada Post rested on its laurels for far too long and did not manage to make any big headways to improve from the management level - they like to keep blaming the government mandate - what a scapegoat. Their management needs a hard look. Our public dollars are being wasted on these people because they can't even think beyond just mail/parcel services.

[–] ShaggySnacks@lemmy.myserv.one 2 points 6 days ago (1 children)

To be fair, Canada Post Corporation Act does heavily limit Canada Post's ability to think of different ways to generate revenue.

5 (1) The objects of the Corporation are

(a) to establish and operate a postal service for the collection, transmission and delivery of messages, information, funds and goods both within Canada and between Canada and places outside Canada;

(b) to manufacture and provide such products and to provide such services as are, in the opinion of the Corporation, necessary or incidental to the postal service provided by the Corporation; and

( c) to provide to or on behalf of departments and agencies of, and corporations owned, controlled or operated by, the Government of Canada or any provincial, regional or municipal government in Canada or to any person services that, in the opinion of the Corporation, are capable of being conveniently provided in the course of carrying out the other objects of the Corporation.

Canada Post should be lobbying for a greater mandate such as a postal banking, a lost cost ISP provider, etc. It's definitely the fault of politicians not to change the mandate of Canada Post.

[–] GodofLies@lemmy.ca 1 points 6 days ago

Now excuse my ignorance here, but does the act actually say they explicitly can't generate revenue outside of its mandate? From a cursory search I do not believe so. Which then they cannot reasonably claim they couldn't. The Liberals knew Canada Post was in trouble during 2020, and now they've thrown a 37 year old minister at the problem? I'm in the same age range and it seems like all he can come up with is read the spreadsheets and decide to slash services because they're 'insolvent' and losing 10 million a day after giving it 1 billion to 'fix' their issues. I'm sorry, but they've tried nothing but throw money at it and are already out of ideas. I mean what's the Canadian government going to do if Canada Post goes out of its way to generate more revenue to keep it in the black? How is that in any way 'bad' if its benefits Canadians as a whole?

Canada Post's union has been trying to tell its management there are other ways to generate revenue (I do not think they've publicly said how yet) but it's C-suite is bullheaded from what I can tell. Hired to run the company, but not hired to do extraordinary work despite a 500k / year salary CEO. Their management should be on the hook more than the union and the rest of us Canadians paying for this so called 'essential' service.