Canada Post reports $315 million loss in third quarter as strike continues

Canada Post reported a before tax loss of $315 million for the third quarter of 2024, widening its deficit by $25 million compared to the same period last year. The decline was attributed to ongoing challenges in its parcels segment, where revenue fell 5.8 per cent as volumes declined by 9.6 per cent. The report cited "a highly competitive and demanding parcel delivery market" as the key factor behind the drop. Read More