According to a statement made by the President of Canada Post: “the cost of just selling [a single stamp] alone is over 80 cents,....” Really? Well he ought'a know.
On the other side of the road (quite literally) - The Canadian Mint said:
- the Penny cost 1.6 cents to manufacture. and that,
the new $100. bill is only 19 cents to make.
So how is it that stamping precious metals into a coin, or printing a polymer, foil and laser imaged bank note about 38 times the size of stamp - are each produced at a mere fraction of the cost?
Looks like Canada Post has OPG and OLG syndrome. Passing off this management boondoggle to the Canadian Consumer gets more cash, as a grab, but will not change a fundamental management problem at the Post Office. But it will be the undoing of the Post Office.
Credibility Mr President - Participaction Stamp, 80 cents to make a stamp? Me thinks there are logic gaps in your thought process, maybe facts that are distorted... 'cause for me - its just too scarey to believe your numbers are real. I mean the Post Office may be a mess, but that big a mess? Will raising prices fix costs?
Before its undoing - should the infrastructure cost not be more closely scrutinized first?