Canada Post warned that it is anticipating another substantial loss this year. The postal service said income from parcels, letter mail, and flyers all declined during the first half of 2023.
“For the first half of 2023 Canada Post revenue fell by $110 million or 3.3 percent compared to the same period of the prior year,” managers wrote in a quarterly financial statement. “The segment’s loss before tax was $361 million compared to a loss before tax of $289 million in the first half of 2022.”
