What’s Definitely True: Canada Post’s Financial Shortfalls

Here’s what recent official reports reveal:

• 2024 Annual Loss: Canada Post reported a loss before tax of $841 million, up 12.4% from the $748 million loss in 2023 Canada Post.

• Q1 2025: The corporation posted a $41 million loss before tax, though this was an improvement from the $76 million loss in Q1 of the previous year

• Q2 2025: The second quarter saw a further downturn, with records indicating a $407 million loss before tax, Canada Post’s worst quarterly result to date 

Why the “Red Ink” Continues to Flow

• Labour Disruptions: The 32-day strike in late 2024 significantly hit parcel volumes and earnings. The fallout from that labour unrest continues to drag on the business 

• Market Share Decline: Since 2019, Canada Post’s market share in the parcel delivery sector dropped dramatically—from around 62% down to 26.7% in 2024—as private couriers like UPS and FedEx gain ground

• Systemic Pressures: Declining letter mail, intense parcel competition, rigid work rules, and regulatory constraints (including moratoriums on rural closures) continue to hinder adaptation and recovery Summary Table