Yes, that is with a “b”, not an “m”, $7.3 billion, and $320 million net profit.
No one should attempt to tell Canadians and the thousands of Canadians who work for the international remailers in Canada that their jobs should be lost because that business generates $50 million.
I would like to remind the member that Canada Post had a 12% interest in one of these remailers from 1992 to 1996, and one of them has an office in my riding. At that time it was called TNT Mailfast but it is now called Spring Global Mail. Canada Post did not have any problem then.
International remailers do not jeopardize Canada Post's ability to earn profits. I might add that if the NDP succeeds in eliminating this business, it will not create one more job for CUPW.