Canada Post - Huge losses

[GreyGhost]

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As expected.. another billion dollar "loan"

Ottawa gives Canada Post a $1.01-billion loan amid ongoing financial struggles

The federal government says it is making more than $1 billion available to Canada Post in the form of a repayable loan to help the beleaguered Crown corporation remain solvent and keep its services running.

www.ctvnews.ca

Similar to the private lending discussion, if I loan someone 1B dollars, they burn through it in a year, make no payments, have done nothing to change their income or expenses and then want another loan, it is feeding money into the fire. Why would our great economist allow this loan? I thought he was all knowing and benevolent? If giving CP money, he should have called it what it is, a bailout necessitated by the piss-poor performance of his predecessor. Anyone supporting him when he can't even be honest about easy things needs to re-evaluate their position.

 

[Mad Mike]

 

[410001661]

I doubt anything will change with carney gunning for a majority - that is 30,000 voters for the Liberals right there. I would sure like to know how the executives are making out come bonus time. If this was a company they would be kicked out the door quickly it would make ones head spin, but this if federal corporations where failure is not only tolerated it is expected

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