Canada Post has reported a second-quarter loss of $407 million for 2025, marking the largest quarterly loss the struggling Crown corporation has announced to date.
The before-tax loss was the result of a 37 percent drop in parcel revenue and volumes, Canada Post said an Aug. 26 statement, a situation it attributed to customer uncertainty as extended contract discussions continue with its union.
There was an increase in “transaction mail” such as bills and other notifications in the second quarter as a result of one-time federal election mailings, but parcel delivery declined, Canada Post said.
Parcel revenue fell $288 million with 25 million fewer packages delivered in the second quarter, a more than 36 percent decline compared to the same period last year, the agency said, noting that overall parcel revenue has dipped by $482 million since the beginning of the year….