Today, August 26, Canada Post released its financial report for the second quarter of 2025.

Results

There is no doubt: the report makes clear Canada Post needs to grow its revenues. That’s why CUPW has been campaigning for service expansion projects to build the public post office, including in this most recent round of bargaining.

For the quarter, the Corporation reported a loss from operations of $396 million and a loss before tax of $407 million.

The January 2025 stamp rate increase continues to have a positive impact on Canada Post’s finances. Mail revenues were up $153 million, or 28.4% compared to the same time last year. As Canada Post has admitted many times, including in the summary of its 2025-2029 corporate plan, its failure to raise stamp prices appropriately “has had a substantial negative financial impact on … the Corporation as a whole.”

These results, like the first quarter results, show once again that Canada Post should have raised its stamp rates earlier. Canada Post dug itself into a big hole it didn’t need to. When every other postal operator in the world was raising its rates, Canada Post keep its rates flat.

After the end of the quarter, Canada Post notes it repaid a $500 million bond in July 2025, which created “significant cash flow pressure.” But if Canada Post had raised stamp rates earlier it would have been in a far stronger financial position.

Parcel volumes and revenue are down. But let’s not forget CPC is pushing business away to its subsidiary Purolator.

Focused on Our Goal: Negotiated Agreements

Canada Post continues to pin the blame for its financial performance on its workers. For the Corporation, “labour uncertainty” was the primary cause of its losses this quarter.

But Canada Post is the one that cancelled the last two meetings. And the Corporation refuses to take accountability for the continued “uncertainty” that both it and its backers in Government have caused: delaying negotiations for more than 8 months now after a Section 107 return to work order and a forced vote under Section 108.1 of the Canada Labour Code.

While Canada Post is already trying to use its latest financial report to spin the public narrative in its favour, CUPW remains focused above all on securing ratifiable collective agreements at the bargaining table. We won’t let this report distract us from that goal.

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In solidarity,