Canada Post reports $315M quarterly loss as strike enters second week

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2024-11-22 18:07:44 - Translate -

MONTREAL — Canada Post saw hundreds of millions of dollars drain out of its coffers last quarter, due largely to its dwindling share of the parcels market — while an ongoing strike continues to batter its bottom line. The Crown corporation said Friday it lost $315 million before tax in the third quarter, larger than its $290 million loss a year earlier.
https://www.bnnbloomberg.ca/business/2024/11/22/canada-post-reports-315m-q3-loss-before-tax-compared-with-290m-loss-a-year-earlier/

MONTREAL — Canada Post saw hundreds of millions of dollars drain out of its coffers last quarter, due largely to its dwindling share of the parcels market — while an ongoing strike continues to batter its bottom line. The Crown corporation said Friday it lost $315 million before tax in the third quarter, larger than its $290 million loss a year earlier. https://www.bnnbloomberg.ca/business/2024/11/22/canada-post-reports-315m-q3-loss-before-tax-compared-with-290m-loss-a-year-earlier/

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Canada Post reports $315M quarterly loss as strike enters second week

Canada Post says it lost $315 million before tax in the third quarter compared with a loss before tax of $290 million a year earlier.

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