Canada Post says its financial situation has worsened with the Crown corporation posting a record $1.57 billion loss before tax last year.

Revenue dropped $315 million in 2025 compared to the previous year – something the company attributes to labour uncertainty involving the millions of employees represented by the Canadian Union of Postal Workers.

Canada Post believes its services were viewed as unreliable due to rotating strikes – leading to a 32.6 per cent drop in parcel volume.

Adding insult to injury was the corporation’s inability to compete with other carriers which offer delivery after hours and on weekends.

Canada Post received a federal loan to the tune of over $1 billion last year, but it wasn’t enough to cover the losses suffered. Ottawa stepped in again earlier this year with a second loan worth about the same.

The postal service says things will only get worse if measures are not taken to modernize operations.

The company hopes to do just that through improved delivery standards which includes the elimination of door to door delivery – a move that has been criticized by many, especially those in rural areas.