Audio clip NAT035

NAT035 – (Canada-Post)
MONTREAL. x–19s. Experts say Canada Post needs to take drastic measures after a tough decade. Canadians are mailing far fewer letters, causing the Crown corporation to lose three-quarters of a billion dollars last year — its second-worst on record. As Canadian Press reporter Christopher Reynolds explains, observers have offered up radical suggestions to stop the fiscal bleeding and revamp its operations.
(“..thousands of layoffs.”) (SOURCE:The Canadian Press)

TAG: Canada Post says households received seven letters a week on average in 2006, but only two per week last year, though its charter still requires daily rounds to every address. The federal minister responsible for Canada Post says the government is considering amending legislation that currently mandates daily mail delivery, among other measures.

The Canadian Press broadcast team