Canada Post reported a before tax loss of $315 million for the third quarter of 2024, widening its deficit by $25 million compared to the same period last year. The decline was attributed to ongoing ...

That message was reiterated on Friday, when Canada Post reported a financial loss of $315-million between June and September of this year. Canada Post has lost more than $3-billion since 2018.

Canada Post has a monopoly on Canadian letter delivery. But financial reports show the Crown corporation lost $748 million in 2023 alone and is expected to run out of money by early 2025.

Meanwhile, chief financial officer Rindala El-Hage outlined how the corporation’s losses are expected to increase and that Canada Post was set to run out of cash by the end of July – a ...

There’s a simple truth that far too many Canadians are unwilling to confront: Governments are not built to run businesses.

Canada Post recorded a loss before tax of $41 million in the first quarter of 2025 as Parcels results declined significantly and Transaction Mail and Direct Marketing revenue grew.

The postal workers union is disparaging what Canada Post called an enhanced offer on Wednesday as the sides struggle to finalize a labor agreement after nearly 18 months of negotiations. The post ...

Canada Post laying off dozens of managers after years of financial losses Singer-songwriter Buffy Sainte-Marie stripped of Order of Canada 900 Passenger Super Jet - The Lockheed Very Large Plane ...

Canada Post quarterly loss tops $300M as strike hits second week — and rivals step in Back to video. ... The financial results put Canada Post on track for “another significant loss” in 2024 ...

RELATED: Canada Post reports $315M pre-tax Q3 loss as strike continues – Nov 22, 2024. ... 0:43 Canada Post raises stamp prices amid mounting financial losses.

Canada Post, which faces a second labor disruption among unionized workers in seven months, said Wednesday it recorded a pretax loss of 841 million Canadian dollars, or the equivalent of $697.83 ...

Canada Post says strike contributed $208M to the company's $1.3B loss last year Meanwhile, the union said in a news release after receiving the latest offers from Canada Post: 'This fight is far ...