Canada Post Lost $ 407m in 2nd Quarter, Says Customers Seeking Out Other Parcel Carriers | CBC News

Canada post continues to hemorrhage money, losing $ 407 million in the second quality of 2025, the beleguered crown corporation announced tuesday.

It’s the largest Quarterly loss as parcel revenue plummets, the postal service said.

Canada post attributed the before-tax loss to uncertainty stemming from lengthy contract negotiations between it and its union.

According to the latest figures from the corporation, parcel revenue is down by $ 288 million as canada post delivered 25 millions of packages in the second Quarter Than It Did a year.

Since the start of 2025, parcel revenue is Down Nearly Half a Billion Dollars.

“Parcels results declined sharply as the strike activity and labor uncertainty drave customers to other carriers for their deliveries,” said a statement from the crown corporate.

Canada Post and the Canadian Union of Postal Workers Have Been Deadlocked in Contract Negotiations for more than 18 months, resulting in a month-long strike late last year in the Lead-up to the Busy HODAYE DELIRY SEASON.

Negotiations were further delayed this week. On Monday, The Union said canada post canceled the meeting The postal service.

Workers Rejected Canada Post’s Latest Offer in a Majority Vote Earlier this summer. The union said it did not meet its members’ needs and said it will continue to mainTain its national ban on overtime.

In Its Own Statement, The Union Said Canada Post Should Focus on “Growing Revenue, Instead of Blaming Its Workers.”

“Parcel Volumes are also down, but instead of strengthening its own network, canada post is steering business towed its competer and subsidiary, purolator,” Said Cupw’s statement. “How can parcel volumes grow if the corporation keeps driving customers away?”

Purolator is a subsidiary of canada post.

The Crown Corporation’s Financial Troubles Have BCOME A Focal Point as the Talks Drag on.

An Industrial Inquiry Commission Report from Commissioner William Kaplan Earlier This Year Found The Postal Service was “effectively insolvenant” and Needed Substantial Reforms to Remain Affloat, Including, Phaasing out Door-to-Door Letter Delivery for Individual Addresses and Replacing it with Community Mailboxes.

Daily Delivery to Businesses Should Be Maintened, The Report Recommends.

“Canada Post is Facing an existent Crisis,” Kaplan Wrote in his May Report. “Without thoughtful, measured, stung, but immediane changes, its fiscal situation will continue to deterirate.”