Wow, their financial statements are fascinating. I encourage anyone with an interest to take a look for themselves. Your statement is correct in that they do not directly receive cash from the government. However, they do borrow from the FFB at an insanely low rate of 1.785%, which one could consider a subsidy. It’s very interesting to note also that they have a legal maximum debt load of $15B which they are currently at. Their MD&A states that liquidity could soon become a huge issue. Management pretty much sums up the situation with this statement “legal restrictions on pricing, service diversification and operations restrict our ability to cover our costs to provide secure, reliable and affordable postal services to the nation.”
