Minister Raitt supports action by Canada Post to return to financial sustainability

Dec 11, 2013, 11:15 ET from Transport Canada

OTTAWA, Dec. 11, 2013 /CNW/ - The Honourable Lisa Raitt, Minister of Transport, made the following statement today, in response to Canada Post's Five-point Action Plan:

"In today's digital age, Canadians are sending less mail than ever. According to Canada Post, a typical Canadian household buys only one to two dozen stamps per year. Due to the lack of demand, mail volumes have dropped almost 25% per address since 2008 and continue to fall. This is leading to a steep decline in revenues for Canada Post. Since 1981, Canada Post has had a mandate to operate on a self-sustaining financial basis.

"The Government of Canada supports Canada Post in its efforts to fulfil its mandate of operating on a self-sustaining financial basis in order to protect taxpayers, while modernizing its business and aligning postal services with the choices of Canadians.

"I look forward to seeing progress as Canada Post rolls out its plan for an efficient, modern postal service that protects taxpayers and is equipped to meet Canadians' needs now and in the future."

SOURCE Transport Canada