Based on my experience, Canada Post greatly exaggerates future deficits. If you look back, you'll see that it's true.
The Conference Board of Canada made similar predictions not so long ago, when the conservative government and Canada Post decided to move forward with budgets cuts and the elimination of door-to-door service. It predicted that Canada Post would lose money in the current year. Neither that prediction nor the prediction for the next year proved to be true.
How can it make predictions for future years when it has trouble making them for the current year? That's our experience.