Canada Post Reports It Lost $205M Before Taxes in First Quarter
Canada Post says it lost $205 million before taxes in the first quarter of the year as the postal service moves forward with reforms meant to address its ongoing struggles. The Crown corporation saw its revenue fall by $181 million or 14.3 percent compared with the same three-month period in 2025, as its total losses [...]
Canada Post Reports It Lost $205M Before Taxes in First Quarter Canada Post reported a pre-tax loss of $205 million in the first quarter, with revenue declining by $181 million or 14.3 percent compared to the previous year. This increase in losses is attributed partly to labor uncertainty as the company continues without new collective agreements with the Canadian Union of Postal Workers. Postal workers began voting on a potential five-year contract agreement on April 20th, following over two years of labor disputes.
- Canada Post experienced a pre-tax loss of $205 million in the first quarter.
- Revenue decreased by $181 million (14.3%) compared to the same period in 2025.
- Total losses increased by $164 million year-over-year.
- Labor uncertainty and the absence of new collective agreements with the Canadian Union of Postal Workers are cited as contributing factors.
- Postal workers started voting on April 20th for a five-year contract agreement after more than two years of labor strife.
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