The Privatization Crisis At Canada Post
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.