I want to begin by welcoming you and the members of your team to the committee, Mr. Chopra.
As I told you before we started the formal meeting, we will surely have an opportunity to work closely over the next few months, especially this fall. We will be happy to see you again to contribute to Canada Post's effort to adapt. Your presentation was very enlightening on that issue.
First, I want to offer you the committee's cooperation. Our objective is clear. We want to ensure that we are able to help you fulfill Canada Post's mandate, while taking into account your changing context.
Second, it should be pointed out that Canada Post is an independent corporation. However, when it runs into financial difficulties, taxpayers foot the bill. So we want to encourage you to continue along the path to profitability.
We have also seen the annual report that provides an overview of the situation. You did a good job of illustrating the challenge stemming from the fact that Canada Post is processing less and less mail and letters, but more and more parcels. Could you tell me how you see the coming years in terms of profitability in light of market changes, pressures you face and opportunities available to you?
As you said, you are barely managing to keep afloat. In 2015, Canada Post made a profit of $169 million. Business was also profitable in 2014, but there were operating losses over the previous three years. Basically, how do you see this year and the upcoming years in terms of profitability?