Canada Post recorded a loss before tax of $66 million in the first quarter of 2020, as continued growth in parcels revenue and volumes was not enough to offset increased costs. Ongoing declines in Transaction Mail and Direct Marketing also contributed to the loss. The segment’s loss before tax in the first quarter, which ended … Read more
Canada Post is reporting a loss before tax of $153 million for 2019. While it remains the country’s leader in e-commerce delivery, its parcels business grew at a slower pace in 2019 as the competition in e-commerce delivery intensified. Meanwhile, the mail business continued to decline as Canadians communicate, transact and advertise more by digital … Read more
Canada Post understands the important role the postal service plays and is committed to serving Canadians while taking action to keep our people and our communities safe. Canada Post has made the following changes: In many post offices operated by Canada Post, we will reduce hours of service, opening one hour later and closing one … Read more
The Canada Post Community Foundation for Children is accepting applications for 2020 grants with $1.3 million available for charities, school programs and groups that serve the needs of young people. Applications are available until April 2, and are open to national and grassroots local organizations across the country. Call 613-734-8888.
Canada Post recorded a loss before tax of $135 million in the third quarter of 2019, as ongoing declines in mail volumes were only partially offset by volume growth in parcels. For the first three quarters of 2019, the corporation recorded a loss before tax of $162 million. The year-to-date loss before tax is an … Read more
Canada Post is proposing to increase postage rates in 2020 by two cents for a domestic Lettermail item of 30 grams or less. For stamps purchased in a booklet, coil or pane, the rate would become $0.92 per stamp, up from the current rate of $0.90. Buying a single domestic stamp for the same item … Read more
Canada Post recorded a profit before tax of $23 million in the first quarter of 2019, as growth in its Parcels business continued, but only moderately due to the continued impact from major customers making other delivery arrangements last fall and into 2019. The full release is available online. Call 613-734-8888.
Canada Post released stamps featuring two species of endangered turtles. Call 613-734-8888.
Canada Post released a stamp honouring an amateur Japanese-Canadian baseball team that helped remove racial barriers through sport. “Canada’s forcible confinement of Japanese-Canadians during the Second World War remains one of the most tragic events in Canadian history,” said Minister of Public Services and Procurement and Accessibility Carla Qualtrough (Delta, B.C.) who is responsible for Canada Post. “This … Read more
Canada Post is reporting a loss before tax of $270 million for 2018. Three main non-recurring items factor into the result: the $280 million cost of resolving pay equity and the estimated $135 million net impact of the labour disruption in the fall, partially offset by a $48 million gain after an actuarial update to … Read more
