It would not be hemorrhaging the cash that it's hemorrhaging now. In fact, I don't believe it would be losing money, but remember, I did advocate pretty radical surgery. I said to franchise all the post offices. I agree with what Marvin said. They give great service. I've been going to a Shoppers Drug Mart franchise for a long time.
To your question, based on the $400 million for the door-to-door service for 25% of Canadians, in 10 years at $400 million or $500 million—and Deloitte estimated at the time it was $500 million—there is $5 billion. That's the accumulated loss of the last eight years—just that savings alone.
If they had ended the universal service delivery of five days a week for the 17 million addresses, there would have been savings there, yes, and the reduction in head count would have been massive, and then by franchising the post offices, you would have been talking in the billions of dollars.
I want to get this out for everybody. This will not bring back letter mail; it will not. We're not going back to writing letters to our dear old grandmama. Those days are gone. The old analog economy is gone, and we're deep into the digital economy, but it would have given Canada Post a lot of degrees of freedom and a lot more money to reinvest into parcels to recover their game. If they had done this 10 years ago, they could have literally saved billions on those costs that they absorbed needlessly.