The losses are mounting. The bailout money is almost gone. And if Prime Minister Mark Carney doesn’t privatize Canada Post now, Canadian taxpayers will be up a creek.

For 10 long years, the federal Liberals refused to admit there was even a problem at Canada Post.

Finally, after billions of dollars of losses over the past five years, the government couldn’t pretend everything was hunky dory any longer.

Earlier this year, the Trudeau Liberals bailed out Canada Post to the tune of $1 billion, a tacit recognition that all was not well at the Crown corporation.

Just 10 months later, Canada Post now says it will have burned through all that cash