The losses continue to pile up for Canada Post.
The latest numbers are jarring, as the Crown corporation reported Monday through a news release that it lost a record-breaking $1.57 billion before tax in 2025.
It marked an 86.7% increase on the $841 million lost before tax in 2024.
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“Canada Post’s financial situation deteriorated significantly in 2025 as labour uncertainty weighed on the business, and decades-old rules and frameworks continued to impede the company’s modernization and its ability to compete,” a news release explained.
“The severity of the corporation’s financial situation underscores the urgency to transform and meet the modern needs of the country.”
Canada Post announced last week that it would be moving forward with preliminary work on a multi-year transformation.
The biggest change would be an end to door-to-door delivery in favour of community mailboxes, which is already how nearly three-quarters of Canadian addresses receive their mail.
“Canada Post is converting approximately four million addresses that still receive door-to-door delivery to community mailboxes,” a news release explained.
“The national conversion program is expected to take about five years, with different areas moving to community mailboxes each year.”
Further information on these transition plans can be found at this link.
