Canada Post Faces Record Loss, Seeks Urgent Financing
Canada Post has reported the largest quarterly loss in its history , underscoring the deep financial challenges facing the Crown corporation. In the third quarter of 2025, the postal service recorded a pre-tax loss of $541 million , a sharp increase from the $315 million loss in the same period last year. The company attributed the downturn to ongoing strike activity and labour uncertainty , which have driven customers to competitors. Parcel revenues — once Canada Post’s most profitable segment — fell by about 40% , with volumes dropping by 27 million pieces in the quarter alone. This decline has been particularly damaging as e-commerce retailers increasingly rely on alternative delivery providers to avoid service disruptions. For the first nine months of 2025, Canada Post has accumulated nearly $989 million in losses , compared to $345 million during the same period in 2024. Executives warned that the corporation is now facing the most severe financial crisis in its history, with o...
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