Canada Post Lockout Sends Thousands Online
A few weeks ago when the postal strike was looming I wondered if a strike might be a tipping point that leads to even less mail being sent.
A Globe and Mail article says that has indeed been the case. The article says, for example, that 350,000 ING Direct customers have switched online in the past 2 weeks. The impact of that?
“Canada Post will lose at least $2,352,000 a year in revenue from ING Direct on stamps alone, assuming the company sends each of those 350,000 people one letter a month at the commercial price of $0.56 a stamp.” . . . [more]
