US EditionCanada Post reports $1.3B operating loss in 2024
- On May 21, 2025, Canada Post submitted its final proposals in ongoing contract talks with the union representing 55,000 postal workers across the country.
- The offers follow nearly two years of bargaining, a month-long 2024 strike, and a federal inquiry report declaring Canada Post effectively insolvent and needing to adapt.
- The proposals include signing bonuses, removal of compulsory overtime, wage increases totalling 13.59% over four years, and introduction of dynamic routing and stable part-time jobs.
- Canada Post reported a $1.3 billion operating loss in 2024 with parcel volumes down 65% year-over-year, and a $3.8 billion pre-tax loss since 2018, while strike-related costs totaled $208 million.
- These financial pressures alongside worker resistance to part-time weekend delivery highlight ongoing challenges to Canada Post's business model and labour relations stability.
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Canada Post's losses amounted to $841 million for the year 2024, the Crown Corporation announced on Wednesday.
·Montreal, Canada
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Canada Post puts forward ‘final offers’ to union, posts $1.3B loss for 2024
Canada Post said it notched nearly $1.3 billion in operating losses last year as the beleaguered institution laid out its “final offers” to the union representing 55,000 workers after negotiations resumed on Wednesday.
·Canada
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Canada Post announced that it had recorded close to 1.3 billion operating losses last year, while the institution in difficulty presented its "final offers" to the union representing 55,000 workers after the resumption of negotiations on Wednesday.
·Montreal, Canada
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Leaning Left6Leaning Right1Center3Last UpdatedBias Distribution60% Left
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