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Government Operations committee  As my colleague said, those additional revenues are truly marginal, and they are bundled into the other revenue. It would be truly a rounding error. To put this to rest, that's not a major source of revenue, capital—

October 31st, 2016Committee meeting

Charles-Antoine St-Jean

Government Operations committee  I agree with that. We don't see it as a major source of revenue.

October 31st, 2016Committee meeting

Charles-Antoine St-Jean

Government Operations committee  I would ask that question more to tourism Canada.

October 31st, 2016Committee meeting

Charles-Antoine St-Jean

Government Operations committee  I would ask tourism Canada to answer that question.

October 31st, 2016Committee meeting

Charles-Antoine St-Jean

Government Operations committee  I think my colleague who is here from Oliver Wyman can answer that very specific question.

October 31st, 2016Committee meeting

Charles-Antoine St-Jean

Government Operations committee  We can confirm that our analysis was done independently. We are satisfied with the figures that we have submitted in our report. We are used to conducting due diligence analyses for major companies, specifically in connection with transactions. Like ourselves, the colleagues wit

October 31st, 2016Committee meeting

Charles-Antoine St-Jean

Government Operations committee  We looked at all the variables. Canada Post put an estimate on the table that looked plausible to us, but our report indicated that the figure could be higher. It would be hard for me to suggest a figure, but that is the optimistic end of the deficit we forecast.

October 31st, 2016Committee meeting

Charles-Antoine St-Jean

Government Operations committee  Over the years, our office has worked with various postal organizations in Japan, in Germany and in England. My colleague has also worked with postal corporations like Canada Post. Earlier in my career, I worked with Canada Post. I dealt with Canada Post when I was here in Ottawa

October 31st, 2016Committee meeting

Charles-Antoine St-Jean

Government Operations committee  Perhaps I could ask my colleague, Bruce, from Oliver Weyman, because they looked at more cities, what the options are to generate more revenue and more bottom line.

October 31st, 2016Committee meeting

Charles-Antoine St-Jean

Government Operations committee  May I add something?

October 31st, 2016Committee meeting

Charles-Antoine St-Jean

Government Operations committee  As we mentioned in our presentation, the figure of $700 million is at the optimistic end of the range of estimates. So it could be higher.

October 31st, 2016Committee meeting

Charles-Antoine St-Jean

Government Operations committee  Thank you for the question. No, I do not think that that would be the case. If the moratorium—which dates from 1996 or 1994—were lifted, corrected or amended, Canada Post could continue its presence in a number of areas. Currently, the business model is quite rigid. Lifting or m

October 31st, 2016Committee meeting

Charles-Antoine St-Jean

Government Operations committee  Thank you for the question. Canada Post's services are provided in the entire country, from sea to sea to sea. There are different service levels, depending on population density. That is a business reality: Canada Post has to tailor its service to the demand. That is what we co

October 31st, 2016Committee meeting

Charles-Antoine St-Jean

Government Operations committee  We didn’t really look into that specifically.

October 31st, 2016Committee meeting

Charles-Antoine St-Jean

Government Operations committee  Thank you very much, Mr. Chair and committee members. Maybe I could ask my colleague, Pierre Lanctôt, who conducted the detailed financial review, to give you the detailed answers to those questions.

October 31st, 2016Committee meeting

Charles-Antoine St-Jean