Canada Post Financial Results 2025 showed a record $1. 57-billion pre-tax loss, and the timing could hardly be sharper. The Crown corporation released its annual report on Monday, while more than 56, 000 postal workers began voting on a five-year contract offer. the result reflects shrinking parcel volumes, labour uncertainty, and pressure to modernize.
Canada Post Financial Results 2025 show a widening annual loss
The annual report said the loss before tax reached $1. 57 billion in 2025, up by $728 million, or 86. 7 per cent, from a loss of $841 million in 2024. Revenue fell by $315 million, or 4. 7 per cent, from the previous year, as parcel volumes dropped sharply.
Canada Post said parcel volumes fell by 79 million pieces, or 32. 6 per cent, compared with the prior year. The corporation linked that decline in large part to labour uncertainty throughout 2025. It also said the financial deterioration underscores the urgency to transform and meet the modern needs of the country.
The report placed the latest result in a longer decline, noting the Crown corporation has recorded more than $5 billion in losses since 2018. In its release, Canada Post said decades-old rules and frameworks continue to impede modernization and limit its ability to compete.
Workers begin voting as Canada Post Financial Results 2025 land
The annual report came as workers started voting Monday on a five-year contract agreement. The vote follows labour strife, repeated picket lines, and a union leader urging members to reject the deal.
Canada Post and the union have been at odds for more than two years over wages and structural changes to the postal service. Both sides have agreed not to engage in strike or lockout activity while ratification votes are underway, though employees are also voting on whether to authorize a strike mandate if the agreement is rejected.
Canada Post said the agreement remains tied to job security and the future shape of the service. The union’s president has argued that the proposal rolls back rights and compensation, while 60 per cent of the union board endorsed the contract, saying it ensures job security.
What officials and experts are saying
In its release, Canada Post said, “The severity of the corporation’s financial situation underscores the urgency to transform and meet the modern needs of the country. ” It added that, building on the federal government’s decision to lift long-standing policy and regulatory restrictions, it is proceeding with transformative measures to return the company to financial sustainability.
McMaster University labour studies professor Stephanie Ross said the restructuring already underway changes the balance in the dispute. “This is not a good climate for a union to be bargaining in, ” Ross said. “The employer is saying ‘we think we can do with fewer of you. ’”
What comes next
Canada Post said last week it is starting preliminary work to convert addresses that receive door-to-door mail to community mailboxes and phase out some post offices. Ottawa announced a series of reforms late last year in an effort to save the Crown corporation millions of dollars annually.
With Canada Post Financial Results 2025 now public and the ratification vote underway, the next major developments will come from the workers’ decision and any further move on restructuring. The company says it is aiming for financial sustainability, while the union vote will show whether members accept the offer or push the dispute into a new phase.
