Canada Post reports $277M pre-tax loss in second quarter

OTTAWA — Canada Post says it lost $277 million before taxes in the second quarter of the year, marking an improvement from the same three-month period a year ago.

The postal service says the result compared with a loss of $407 million during the second quarter of 2025, when it was facing a prolonged period of labour uncertainty amid negotiations with the Canadian Union of Postal Workers.

It credited labour stability for the smaller loss this year, as the parties ratified new collective agreements in June, along with an early-stage recovery of its parcels business and lower operating costs.

The Crown corporation saw its quarterly revenue grow by $22 million or 1.5 per cent compared with the second quarter of 2025, with parcels revenue up 20.7 per cent year-over-year.