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Government Operations committee  Do we provide them to whom?

May 31st, 2022Committee meeting

Rindala El-Hage

Government Operations committee  No, we do not provide that information to the public. Some of that is included in the corporate plan that we disclose. We've submitted it to our shareholder and we're working with our shareholder, but it is not something that we would provide publicly at this point in time. I believe that once we have an approved corporate plan, it will be published.

May 31st, 2022Committee meeting

Rindala El-Hage

Government Operations committee  Thank you for the congratulations. We are very proud of that facility. Like you mentioned, it is really a leading-edge, zero-carbon facility and is scheduled to open in early 2023. It is designed to have efficient HVAC systems, solar panels and sensor-controlled light fixtures, among other energy efficiencies.

May 31st, 2022Committee meeting

Rindala El-Hage

Government Operations committee  Absolutely, and right now, our intention is that any newbuild will be built towards those zero-carbon goals. As well, we're looking into opportunities within, and we do audits of our current facilities and see how we can improve, perhaps by adding solar panels and improving the HVAC systems.

May 31st, 2022Committee meeting

Rindala El-Hage

Government Operations committee  Absolutely. Thank you for the suggestion regarding charging stations. I will certainly bring it to the team's attention so they can look into it. They may even be doing that already, I'm not sure. The community postal service hub is a new model we are piloting. The idea is to provide better access to services in communities, and help small and medium-sized local businesses.

May 31st, 2022Committee meeting

Rindala El-Hage

Government Operations committee  Absolutely. To your point, in 2021 we published an environmental action plan that was done in collaboration with our bargaining agent. Specifically for our vehicles, in 2021 we rolled out 740 low-emission vehicles. Right now, we have a total of about 1,500 of these vehicles in our fleet, as of the end of 2021.

May 31st, 2022Committee meeting

Rindala El-Hage

Government Operations committee  Yes. Can I just comment? The solvency discount rate is different from the going concern discount rate, and I don't believe the federal government has the same solvency rules as ours, but—

May 31st, 2022Committee meeting

Rindala El-Hage

Government Operations committee  Exactly. On the going concern basis, we have been reporting a surplus for the past few years. That means that the plan is to be maintained indefinitely. We've had healthy surpluses. To answer your question about the positive equity, you're absolutely correct. At the end of December 2020, we reported negative equity of $919 million.

May 31st, 2022Committee meeting

Rindala El-Hage

Government Operations committee  I cannot speak about the timing of a mandate review, but I can tell you that our goal is to be financially self-sustainable, and to get there, now more than ever, we realize the need to invest in our business in order to improve our service and expand our capacity. I don't have a time frame for you, but it's paramount, more than ever now.

May 31st, 2022Committee meeting

Rindala El-Hage

Government Operations committee  I can tell you, Mr. McCauley, that we have submitted our corporate plan to our shareholder, and we are working with our shareholder on a path to financial sustainability.

May 31st, 2022Committee meeting

Rindala El-Hage

Government Operations committee  To my knowledge, not yet. We are working with our shareholder on that path to financial sustainability.

May 31st, 2022Committee meeting

Rindala El-Hage

Government Operations committee  If I were to go by memory, and I could be mistaken, it was 2019.

May 31st, 2022Committee meeting

Rindala El-Hage

Government Operations committee  Our focus remained.... As we were working with our shareholder on a path to financial sustainability, we never took our eyes off the prize. We need to continue focusing on serving Canadians across our country. We are the only company that serves 17 million addresses—

May 31st, 2022Committee meeting

Rindala El-Hage

Government Operations committee  We have submitted it, and we are working with them on the path to financial sustainability. Our focus, like I said, is on the transformation plan that we launched in 2021.

May 31st, 2022Committee meeting

Rindala El-Hage

Government Operations committee  We submitted it last fall, and I believe it was in our annual report. We submitted our corporate plan to the shareholders in the annual report of 2021.

May 31st, 2022Committee meeting

Rindala El-Hage