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 Postal Workers on June 18. However, the second-quarter improvement was more than offset by a weaker first quarter, when Canada Post recorded a $205 million loss compared with $41 million in Q1 2025.
The corporation’s total loss for the first half of 2026 was $482 million, compared with $448 million in the same period last year, according to an Aug. 28 news release….