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Canada Post segment reports $160-million loss before tax for second quarter
OTTAWA – Canada Post recorded a loss before tax of $160 million in the second quarter of 2022 as Canadians’ online shopping slowed and revenue declined for Parcels and Transaction Mail.
Read moreCanada Post segment records $1 million profit before tax in second quarter
Benefitting from savings from its business transformation efforts in the previous year, and on the strength of its Parcels line of business, the Canada Post segment recorded a small profit before tax of $1 million in the second quarter. This essentially break-even result compares to a loss before tax of $31 million in the same period a year ago.
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