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Canada Post Reports $277M Pre-Tax Loss in Second Quarter
Quarterly revenue rose $22 million as parcels revenue climbed 20.7%, while Canada Post moved ahead with major delivery reforms.
- On Friday, Canada Post reported a $277 million pre-tax loss for the second quarter of 2026, an improvement of $130 million from the $407 million loss recorded during the same period last year.
- The Crown credited improved financial results to labour stability following the ratification of new collective agreements in June, alongside a 20.7 per cent year-over-year increase in parcels revenue.
- Canada Post is moving forward with reforms to address financial struggles, including the transition of 621,000 homes from door-to-door delivery to community mailboxes throughout late 2026 and 2027.
- Industrial Inquiry Commission commissioner William Kaplan previously recommended ending door-to-door delivery, citing that it costs $284 per address compared to $162 for community mailboxes, a significant fiscal disparity.
- Transitioning to community mailboxes is expected to take five years, with The Crown working with local communities to identify suitable locations for the new infrastructure.
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46 Articles
46 Articles
The Crown corporation registered a pre-tax operating loss of $277 million in the second quarter as it is trying to modernize its operations.
·Montreal, Canada
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Coverage Details
Total News Sources46
Leaning Left30Leaning Right0Center13Last UpdatedBias Distribution70% Left
Bias Distribution
- 70% of the sources lean Left
70% Left
L 70%
C 30%
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