Source Feed: The Globe and Mail
Author: Nojoud Al Mallees
Publication Date: August 26, 2025 - 15:37
Canada Post reports $407-million quarterly loss, blames union overtime ban
August 26, 2025
Canada Post reported a $407-million loss before tax in the second quarter, blaming labour uncertainty for a steep fall in parcel volumes and revenue at the financially challenged postal service.
The Crown corporation said the loss was the largest before tax in a single quarter.
Both parcel volumes and revenues fell by about 37 per cent from the comparable quarter a year earlier. Canada Post says the Canadian Union of Postal Workers’ overtime ban, which began on May 23, caused uncertainty for customers and affected parcel results.
Unpublished Newswire
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