Canada Post Reports $277 Million Q2 Loss, Down From $407 Million a Year Earlier
Canada Post reported a $277 million loss before tax in the second quarter, down from $407 million a year earlier, as an end to labour uncertainty helped improve customer confidence and parcel revenue, the Crown corporation said. Canada Post said the improvement was partly related to new collective agreements signed with the Canadian Union of […]
TL;DR
- Canada Post reported a $277 million pre-tax loss in the second quarter.
- This is an improvement from the $407 million loss reported in the same quarter last year.
- The improvement is linked to increased customer confidence and parcel revenue after labor disputes ended.
- New collective agreements were signed with the Canadian Union of Postal Workers on June 18.
- However, a weaker first quarter led to a total loss of $482 million for the first half of 2026.
- This is higher than the $448 million loss recorded in the first half of the previous year.