Canada Post's massive investments
After having announced in the annual meeting that Canada Post has "lost" $3B since 2018, one has to wonder if these kinds of massive investments have played a role in said "loss".
TLDR:
“Last year, the Corporation set aside more than $1 billion to cut emissions and move forward on the electrification of its last mile fleet. This critical investment has led to important progress on Canada Post’s plan to achieve net zero emissions by 2050,” said Ms. Sanatani. “Canadians expect their postal service to play a leading role in the country’s transition to a low-carbon future. It’s a responsibility that Canada Post embraces.”
“Over Canada Post’s long history, the postal service has always evolved to meet the changing needs of Canadians and businesses,” Mr. Ettinger said. “Our transformation plan invests billions of dollars into service, capacity and greening our operations – because we need to deliver for Canadians, whether that’s shipping parcels or helping to build a more sustainable future. When you look at the size of our network, this depot may be a small first step, but it’s an important one as we start to build momentum.”