In 2001, Canada Post invested $1 million to acquire a 50 percent ownership stake in Intelcom, then operating as Intelcom Express, a package delivery company. The purchase quickly stirred controversy because of Intelcom’s connections to the Liberal Party of Canada, prompting critics to question whether the Crown corporation’s decision-making had been influenced by political favouritism. In response, Intelcom bought back its shares from Canada Post six years later, in 2007.

At the time, Intelcom was a major Liberal donor. Its founder and CEO, Daniel Hudon, was both a fundraiser and a former member of the finance committee of the Québec wing of the Liberal Party.

The post The Privatization Crisis At Canada Post appeared first on PopularResistance.Org.

This post was originally published on PopularResistance.Org.