Canada Post Lost $ 407m in the second quarter, says other parcel carriers.

The Canada Post continued the amount of money in the second quarter of 2025 with a decrease of $ 407 million, the Crown Corporation announced on Tuesday.

Postal Service said that this is the largest quarterly disadvantage as parcel revenue plumates.

The Canada Post blamed the first tax loss for the uncertainty arising from the long -term contract negotiations between it and his union.

According to the latest data of the corporation, the parcel revenue is less than $ 288 million as the Canada Post gave 25 million less packages than a year ago in the second quarter.

Since the beginning of 2025, the parcel revenue is about half a billion dollars.

A statement by the Crown Corporation said, “The results of the parcel declined rapidly as the strike activity and labor uncertainty sent the customers to other carriers for their delivery.”

It said that bills and other notices such as “transactions mail” saw a large-scale improvement in the second quarter due to a one-time federal election mailing.

The Canada Post and Canadian Union of Postal Workers have been stunned for more than 18 months in contract negotiations, resulting in a one -month strike during the busy holiday distribution season at the end of last year.

The conversation was further delayed this week. On Monday, the union stated that the Canada Post canceled the meeting as it required more time to review the latest proposal of the Sangh, which demands high wages, allowing weekend and allowing part -time workers for postal service.

Workers rejected the latest proposal of Canada Post in majority votes before this heat. The Sangh said that it does not meet the needs of its members and said that it would maintain its national ban on overtime.

In its own statement, the Sangh stated that the Canada Post should “focus on increasing revenue, instead to blame its workers.”

“Parcel volumes are also below, but instead of strengthening their own network, Canada Post is doing business towards its opponent and assistant, Purolator,” Cupw’s statement said. “If the corporation keeps customers away then how can parcel volume grow?”

Purolator is a subsidiary of Canada Post.

Crown Corporation’s financial troubles have become a focal point as it draws on talks.

Earlier this year, a report by the Commissioner William Couplen’s Industrial Inquiry Commission found that the postal service was “effectively bankrupt” and required separate reforms, which included staging door-to-door letters delivery for individual addresses and replacing it with community mailboxes.

Daily distribution should be maintained to businesses, reports have been recommended.

“Canada Post is facing an existential crisis,” the couple wrote in his May report. “Without thoughtful, measured, staging, but immediate change, its fiscal state will continue to deteriorate.”