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Should Canada Post follow Royal Mail's example and privatize?

Categories: Canada, Community, World

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News that Britain's 500-year-old postal service the Royal Mail is now undergoing privatization has some wondering what could and should be the future for Canada Post.

The U.K government has already said an initial public offering was scheduled for the coming weeks with each minimum investment valued at £750 or about $1,200. 

Revenues have moved away from traditional mail and are now heavily relying on packages, as is the case in Canada.

While traditional transaction mail dives down, the increase in online shopping means parcel-mail is going up. 

So, what about our mail? 

In August, the Canada Post Group reported it suffered a $104-million loss -- even after efforts were made to cut costs to balance there being a lot less traditional mail. 

The Crown Corporation said it would consider various ways it can change with the times in order to avoid making taxpayers take the brunt of it. 

But many have said that might not be enough. Do you think Canada Post should privatize?

How often do you send letters or parcels through Canada Post? What do you think of the service? Feel free to share your thoughts and continue the conservation in the comments below.

Tags: Canada, Community, Politics, POV, U.K., World

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