Canada Post reports $1.3B operating loss in 2024

CBC News

· Posted: May 28, 2025 4:21 PM EDT | Last Updated: 1 minute ago

Canada Post is reporting a $1.3-billion loss in operating expenses in its 2024 annual report.

The Crown corporation made up for some of those losses by selling off certain ventures, including its logistics business which it sold in January of last year.

Excluding tax — and accounting for its divestments — Canada Post's losses totalled $841 million last year. That's larger than the $748-million loss reported in 2023, and in 2022 when it lost $548 million.

The last time Canada Post made a profit was in 2017. Overall, the Crown corporation says it has lost $3.8 billion since 2018. The news comes as a potential postal worker strike looms.

This breaking story will be updated.