The 2013 year was the second year in which Canada Post incurred an operating loss. In the basic scenario that we had prepared at the time, including changes planned as part of the so-called postal transformation initiative implemented by Canada Post, the corporation posted a profit. I believe the basic scenario excluded the transformation initiative. To give you an idea of the order of magnitude of the figures, we had anticipated losses of $1.3 billion in 2020 without the initiative and $1 billion with it. The initiative helped save $300 million in losses. That is excluding the fact that the pension fund solvency deficit was set aside under a special agreement. That gives you an idea of the challenge and its order of magnitude. That was new. There was a trend, but as a result of the pressures and structural changes in the postal market, we were talking about big figures.
On October 7th, 2016. See this statement in context.