(In millions of dollars)

By the numbers
  2021 2020 % changeFootnote 1
Operations – Canada Post Group of Companies
Revenue from operations 10,112 9,318 8.9%
Loss from operations (196) (570) 65.7%
Operating margin (%) (1.9)% (6.1)%  
Net investing and financing expense (50) (56) 9.5%
Loss before tax (246) (626) 60.7%
Net loss (187) (473) 60.4%
Cash provided by operating activities 664 694 (4.4)%
Cash used in capital expenditures (677) (550) (23.2)%
Financial position – Canada Post Group of Companies
Cash and cash equivalents 1,331 1,465 (9.1)%
Total assets 11,516 11,209 2.7%
Loans and borrowings 998 997 0.0%
Equity of Canada 3,025 (919) Footnote *
VolumeFootnote 2
Total volume – Canada Post Group of
Companies (in millions)
6,916 6,400 8.5%
Domestic Parcels (decline) growth
(Canada Post segment)
(4.2)% 30.9%  
Parcels (decline) growth
(Canada Post segment)
(7.0)% 21.0%  
Transaction Mail decline
(Canada Post segment)
(2.0)% (10.5)%  
Domestic Lettermail decline
(Canada Post segment)
(1.5)% (9.7)%  
Transaction Mail volume decline per address
(Canada Post segment)
(3.3)% (11.5)%  
Direct Marketing growth (decline)
(Canada Post segment)
18.4% (27.7)%  
Canada Post Corporation Registered Pension Plan
Pension assets – Fair value 32,387 29,648 9.2%
Going-concern surplusFootnote 2 4,826 3,818 26.4%
Solvency deficit – To be fundedFootnote 2 (4,924) (6,313) 22.0%
Employer contributions – CurrentFootnote 3 321 296 8.7%
Employer contributions – SpecialFootnote 3 32 24 29.2%

Canada Post Group of Companies

Revenue from operations

(in billions of dollars)

  • 8.3
  • 8.7
  • 8.9
  • 9.3
  • 10.1

Profit (loss) from operations

(in millions of dollars)

  • 231
  • (82)
  • 7

Net profit (loss)

(in millions of dollars)

  • 148
  • (93)
  • (14)

Labour costs

(percentage of revenue from operations)

  • 48.5
  • 50.3
  • 49.6
  • 51.2
  • 48.3

Employee benefit costs

(percentage of revenue from operations)

  • 17.5
  • 18.7
  • 17.4
  • 20.2
  • 18.4

Volume

(in billions of pieces)

  • 8.4
  • 8.1
  • 7.9
  • 6.4
  • 6.9

References in the Annual Report to Canada Post and the Canada Post segment do not include subsidiaries. The Canada Post Group of Companies and the Group of Companies include the Canada Post segment and its subsidiaries, which are Purolator Holdings Ltd., SCI Group Inc. and Innovapost Inc.