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Canada Post segment reports $548-million loss before tax for 2022
OTTAWA – Canada Post recorded a loss before tax of $548 million in 2022, as growing competition in the parcel delivery sector, combined with economic uncertainty and reduced consumer spending, negatively affected parcel volumes and revenue.
Read moreCanada Post segment posts $74 million profit before tax for 2017 as parcel volumes grow by a record 24.5 per cent
Canada Post is reporting a 2017 profit before tax of $74 million, largely due to unprecedented growth in its parcels business. Most of the Parcels revenue growth of $393 million was from domestic shipments, which speaks to the important role Canada Post plays delivering for online shoppers and retailers across the country.
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