Effed up, right? They blew their endowment buying a private company because they got forced to be profitable…they’re still not profitable, because it’s impossible…and the politicians are pretending the endowment that would have kept pensions solvent never existed.
Canada Post owns 91% of Purolator
Purolator is VERY profitable at the expense of Canada Post.
This is an example of why we can’t have nice things
Effed up, right? They blew their endowment buying a private company because they got forced to be profitable…they’re still not profitable, because it’s impossible…and the politicians are pretending the endowment that would have kept pensions solvent never existed.