A Canada Post mailbox is pictured in Richmond B.C. on Sept. 26, 2025. The Canadian Press/Ethan CairnsCanada Post says it lost $205 million before taxes in the first quarter of the year as the postal service moves forward with reforms meant to address its ongoing struggles.The Crown corporation saw its revenue fall by $181 million or 14.3 percent compared with the same three-month period in 2025, as its total losses ballooned by $164 million year-over-year.
Canada Post Reports It Lost $205M Before Taxes in First Quarter
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