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Canada Post reports ‘unprecedented’ $541M loss before taxes in third quarter
Labour disputes and a 40% drop in parcel revenue led to Canada Post's largest quarterly loss ever, with $541 million lost before taxes, officials reported.
- Canada Post reported a $541 million loss before taxes in the third quarter, a 72 per cent increase from $315 million a year earlier and its highest quarterly loss ever.
- Labour uncertainty and rotating strikes disrupted Canada Post, as a two-year saga with the Canadian Union of Postal Workers, representing some 55,000 mail carriers, and competition pushed customers to competitors.
- Canada Post's parcel division saw volume fall by 27 million pieces, with parcels revenue plummeting 40 per cent to $450 million in the third quarter.
- Canada Post CEO said it expects to lose up to 30,000 employees over the next decade and has submitted a plan to Ottawa that could adjust mail delivery standards, shutter rural post offices, and expand community mailbox service.
- Losses topping $5.5 billion since 2018 have raised concerns, while Federal Procurement Minister Joël Lightbound unveiled changes and Ottawa reviews a Canada Post transformation plan submitted earlier this month.
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Canada Post reports largest quarterly loss in its history, says it needs short-term financing
Canada Post lost more than half a billion dollars in the third quarter of 2025 and says it needs short-term financing to stay afloat as it contends with a heated labour dispute that has lasted for almost two years. This is the postal service’s largest quarterly loss in history.
Canada Post announced a loss of $541 million before tax for its third quarter.
·Montreal, Canada
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Canada Post reports ‘unprecedented’ $541M loss before taxes in third quarter
Canada Post reported the highest quarterly loss in its history Friday, as the beleaguered mail service contends with stiff competition for parcel delivery and disruptions from an ongoing labour dispute.
·Toronto, Canada
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Total News Sources22
Leaning Left9Leaning Right1Center6Last UpdatedBias Distribution56% Left
Bias Distribution
- 56% of the sources lean Left
56% Left
L 56%
C 38%
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