By Rosalind Russell – Canada Post recorded a loss before tax of $277 million in the second quarter of 2026, as labour stability supported customer confidence and an early-stage recovery of the Parcels business.
According to the release, the second-quarter loss before tax improved by $130 million compared to a loss before tax of $407 million in the same period of the prior year, when the company was facing a prolonged period of labour uncertainty in negotiations with the Canadian Union of Postal Workers.
In June 2026, the parties ratified new collective agreements that will remain in place until January 31, 2029.
Canada Post’s loss before tax in the first half of 2026 was $482 million, compared to $448 million in the same period of the prior year.
The agency’s second quarter revenue grew by $22 million, or 1.5 percent,compared to the same period of the prior year.
The company remains focused on rebuilding customer trust, improving service reliability and growing parcel volumes.
Photo of Espanola Post Office by Rosalind Russell
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