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 ...

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.

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

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 ...