We did not use the Conference Board of Canada figures.
We conducted two types of primary analyses. We used historical results from the last five years and 10-year forecasts up to 2026.
For the historical data, we used the corporation’s audited financial statements and internal management reports. We also validated some of the information with external public information or with some research that we conducted ourselves.
For the future data, once again, we took information that exists in Canada Post. We created our own information. We validated the figures, such as those dealing with projected revenue and projected volume, and compared them with some existing analyses or with analyses that we conducted ourselves, to confirm that the estimates were reasonable. The result is a mixture of Canada Post’s public information.
The Conference Board report was not used in our analysis at all.