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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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Market Gains Amid Anticipation of Key Data and Big Tech Earnings

 

U.S. stock markets saw gains today as investors eagerly await crucial economic data and earnings reports from major technology companies. The Nasdaq Composite rose by approximately 0.7%, while the S&P 500 and the Dow Jones Industrial Average each increased by about 0.5%.

The market’s positive movement was partly driven by relief over geopolitical tensions in the Middle East, with Israel’s limited retaliatory strikes on Iran focusing solely on military targets. This development led to a significant drop in oil prices, with Brent crude falling nearly 6% to around $71 a barrel.

Investors are particularly focused on the upcoming earnings reports from five of the “Magnificent Seven” tech giants: Alphabet, Apple, Amazon, Microsoft, and Meta. These reports are expected to provide insights into whether investments in artificial intelligence are translating into profits. Additionally, the market is bracing for key economic indicators, including the Federal Reserve’s preferred inflation gauge and the October jobs report, which could influence future interest rate decisions.

Overall, the anticipation of Big Tech earnings and critical economic data has set the stage for a potentially volatile week in the stock market.


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