this post was submitted on 21 Dec 2025
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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.