Australia Post has had 3 consecutive years of growth with a group profit of $312 million after tax last year. They offset their regulated business (eg mail delivery) which loses $218 million a year with things like parcel delivery that are very profitable and growing. In a country where everything generally costs far more than other places stamps are 60c. I wonder how long that is sustainable.

Perhaps increased competition in the Canadian market makes it harder for them to make the profits needed to subsidise their mail delivery.