Subhead:Pre-tax losses after federal loans are forecast at $962 million in 2026, rising to $1.1 billion in 2027, $1.2 billion in 2028, and $1.3 billion in 2029.#
Canada Post forecasts over a billion in annual losses, even with new federal loans. Management’s report to Parliament stated the post office is structurally unsound.
“We have reached a critical point,” states the Summary Of The 2025 To 2029 Corporate Plan. With the shift from mail to parcels, the postal system’s foundation is cracking, necessitating significant modernization to preserve the national service.
Pre-tax losses after federal loans are forecast at $962 million in 2026, rising to $1.1 billion in 2027, $1.2 billion in 2028, and $1.3 billion in 2029, according to Blacklock’s.
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The Corporate Plan acknowledged government funding is a must to cover operational costs and maintain cash levels. Two cabinet-approved rate hikes, totalling $102.2 million annually and raising stamp prices from 92¢ to $1.24 for domestic letters, failed to stop losses.
“Excluding any government cash injections, losses are forecasted to exceed $900 million in 2025,” wrote management. “Government cash injections will be necessary to ensure Canada Post can cover operational expenses and maintain adequate cash levels.”
The Corporate Plan did not reflect unresolved contract disputes with the Canadian Union of Postal Workers (CUPW).
