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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.
Coverage Details
Total News Sources25
Leaning Left11Leaning Right1Center6Last UpdatedBias Distribution61% Left
Bias Distribution
- 61% of the sources lean Left
61% Left
L 61%
C 33%
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