Unpublished Newswire
Canada Post reported a $407-million loss before tax in the second quarter, blaming labour uncertainty for a steep fall in parcel volumes and revenue at the financially challenged postal service.The Crown corporation said the loss was the largest before tax in a single quarter.Both parcel volumes and revenues fell by about 37 per cent from the comparable quarter a year earlier. Canada Post says the Canadian Union of Postal Workers’ overtime ban, which began on May 23, caused uncertainty for customers and affected parcel results.
August 26, 2025 - 15:37 | Nojoud Al Mallees | The Globe and Mail
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The post Protected: The Rise of Sports Betting in Canada: A Look at the 10.1% Growth in the Gambling Sector first appeared on The Walrus.
August 26, 2025 - 15:35 | The Walrus Lab | Walrus
City of Ottawa workers will be returning to the office five days per week in January in a decision that is drawing criticism from some city councillors. Read More
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The latest earnings report from Canada Post shows the company lost over $400 million in the second quarter, marking the worst quarter on record amid labour uncertainty.
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