Canada Post reports $277M pre-tax loss in second quarter
Advertisement
Read this article for free:
or
Already have an account? Log in here »
To continue reading, please subscribe:
Digital Subscription
One year of digital access for only $205*
- Enjoy unlimited reading on winnipegfreepress.com
- Read the E-Edition, our digital replica newspaper
- Access News Break, our award-winning app
- Play interactive puzzles
*First annual payment billed as $205.00 + GST for one year. This annual subscription will automatically renew at $233.00 + GST every 52 weeks (10% off the regular annual price of $259.35). Offer available to new and qualified returning subscribers only. Cancel any time.
To continue reading, please subscribe:
Add Free Press access to your Brandon Sun subscription for only an additional
$1 for the first 4 weeks*
- Enjoy unlimited reading on winnipegfreepress.com
- Read the E-Edition, our digital replica newspaper
- Access News Break, our award-winning app
- Play interactive puzzles
*Your next Brandon Sun subscription payment will increase by $1.00 and you will be charged $17.95 plus GST for four weeks. After four weeks, your payment will increase to $24.95 plus GST every four weeks.
Read unlimited articles for free today:
or
Already have an account? Log in here »
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.
Overall, Canada Post’s revenue for the first half of the year fell by $159 million or seven per cent, as its loss before tax for the first six months of 2026 was $482 million, compared with $448 million in the first half of 2025.
The postal service is moving forward with reforms meant to address its financial struggles, including the conversion of 621,000 homes from door-to-door delivery to community mailboxes in late 2026 and 2027. It plans to convert around four million addresses to community mailboxes over the long term.
This report by The Canadian Press was first published Aug. 28, 2026.