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Canada Post reports $1.3B operating lossless
(lemmy.ca)
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this post was submitted on 29 May 2025
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It would cut into the capital available to commercial banks, so of course it won't happen. RBC, TD, CIBC, BMO and Scotia do not want to lose those sweet customer deposits.
Same reason we don't get public rail and public telecomms: essential services can only be delivered if they make a rich person richer.
It also isn't going to work in Quebec since we already have Desjardins, and like what 70%+ of people here bank with them?