Canada Post reports $1.3B operating loss in 2024

CBC News

· Posted: May 28, 2025 4:21 PM EDT | Last Updated: 14 minutes ago

Canada Post is reporting a $1.3-billion nonaccomplishment successful operating expenses successful its 2024 yearly report.

The Crown corp made up for immoderate of those losses by selling disconnected definite ventures, including its logistics concern which it sold successful January of past year.

Excluding taxation — and accounting for its divestments — Canada Post's losses totalled $841 cardinal past year. That's larger than the $748-million nonaccomplishment reported successful 2023, and successful 2022 erstwhile it mislaid $548 million.

The past clip Canada Post made a nett was successful 2017. Overall, the Crown corp says it has mislaid $3.8 cardinal since 2018. The quality comes arsenic a imaginable postal idiosyncratic onslaught looms.

This breaking communicative volition beryllium updated.