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Canada Post reports $407 million Q2 loss as parcel volume suffers

Labor disputes caused a $288 million drop in parcel revenue as Canada Post delivered 25 million fewer packages, intensifying financial challenges amid ongoing contract negotiations.

  • Canada Post reported a $407 million loss before tax in the second quarter, blaming an overtime ban by the Canadian Union of Postal Workers for causing uncertainty and a steep 37% fall in parcel volumes and revenue.
  • Canada Post has been losing billions cumulatively over several years as letter-mail deliveries decline and it cedes market share for parcels to low-cost competitors operating daily.
  • The union is asking for a 19% wage increase over four years with a 9% bump in the first year, while Canada Post offered 13% over four years.
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Canada Post reports $407 million Q2 loss as parcel volume suffers

Canada Post reported at a loss before tax of $407 million in its second quarter as its parcels business fell due to labour uncertainty.

·Canada
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The Hamilton Spectator broke the news in Hamilton, Canada on Tuesday, August 26, 2025.
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