Canada Post recorded a loss before tax of $265 million in the third quarter of 2020, as declines in Transaction Mail and Direct Marketing revenue and higher costs had a significant impact on earnings. Parcels revenue continued to grow in the quarter, but it was not enough to offset these contributing factors.Read More
Tag: Canada Post
Canada Post recorded a loss before tax of $378 million in the second quarter of 2020. This increased loss was largely due to the significant impact COVID-19 had on revenue and costs, combined with the added costs stemming from the June 2020 arbitrator’s ruling.Read More
Canada Post has agreed to study how it could offer postal banking, including through setting up pilot projects at certain locations, as part of a new collaboration with a union representing rural postal workers, reports Canada’s National Observer.Read More
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