Canada Post recorded a $277 million loss in the second quarter of 2026, amid ongoing cuts to services and planned conversions of certain addresses to community mailboxes.
They saw a $159 million loss in the first six months of this year compared to 2025, a 7% decrease. Canada Post says the fall was in part due to the decline of transaction mail in Q2 of 2025, largely because of election mailings.
Going forward, Canada Post still plans to convert approximately 621,000 addresses across Canada to community mailboxes in the rest of 2026 and 2027, with the only planned Manitoba addresses in Winnipeg and Portage la Prairie. Canada Post declined an interview on the topic, but confirmed that Winnipeg and Portage la Prairie remain the only planned conversions in Manitoba.
Another plan to increase the crown corporation's revenue is finding ways to fit into the highly competitive parcel market of today, be improving core services and strengthening their position. Canada Post plans to expand home parcel pickup service by offering box-free, label-free returns with some online retailers, and improving local next-day delivery service, among other changes.
For businesses, Canada Post plans to offer strategic price discounts to persuade businesses to ship on larger scales with Canada Post, as opposed to courier services like Purolator or FedEx. According to Canada Post, before the labour disruption in 2024, they had declined to a 24% market share when it comes to parcel delivery in Canada.
