November 21, 2025
RED FM News Desk
Canada Post is reporting a pre-tax loss of $541 million in its latest quarter, leaving the Crown corporation on track for its worst financial year on record.
The company says the “unprecedented” loss has surged from $315 million during the same period last year, marking the deepest quarterly deficit in Canada Post’s history.
Parcel revenues dropped 40 per cent to $450 million in the third quarter as customers shifted to competitors. The decline reflects a steep fall in parcel volumes — down by 27 million pieces.
For the first nine months of the year, Canada Post has lost $989 million, nearly triple the $345 million logged during the same period a year earlier. The corporation says most of those losses came in the second and third quarters and blames labour uncertainty tied to ongoing rotating strikes by its union.
The bargaining stalemate with the Canadian Union of Postal Workers — representing roughly 55,000 carriers and other employees — has now dragged on for more than two years, raising alarms as the busy holiday season approaches.
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