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    Canada Post segment reports $151 million loss before tax in second quarter

    Posted in: News releases

    OTTAWA – Canada Post recorded a loss before tax of $151 million in the second quarter of 2021, an improvement of $227 million from the $378 million loss before tax in the same quarter a year earlier. Although significant, this improvement resulted mainly from the unique unfavourable effects of COVID-19 on the business and one-time charges in 2020.

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    Canada Post and TD enter strategic alliance to expand access to financial services for Canadians

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    OTTAWA / TORONTO – Canada Post and The Toronto-Dominion Bank ("TD") are pleased to announce they have entered into a strategic alliance to expand access to financial services for Canadians, beginning with a new personal loan product. Starting this fall, Canada Post and TD will launch a pilot for this new product in select post office locations and will aim to expand availability across Canada, particularly for those in rural, remote and Indigenous communities.

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    Canada Post segment reports $265-million loss before tax in third quarter

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    Canada Post recorded a loss before tax of $265 million in the third quarter of 2020, as declines in Transaction Mail and Direct Marketing revenue and higher costs had a significant impact on earnings. Parcels revenue continued to grow in the quarter, but it was not enough to offset these contributing factors.

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    Canada Post segment reports $378-million loss before tax in second quarter

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    Canada Post recorded a loss before tax of $378 million in the second quarter of 2020. This increased loss was largely due to the significant impact COVID-19 had on revenue and costs, combined with the added costs stemming from the June 2020 arbitrator’s ruling. The ruling resulted in new collective agreements with the Canadian Union of Postal Workers (CUPW).

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    Canada Post segment reports $135-million loss before tax in third quarter

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    OTTAWA – Canada Post recorded a loss before tax of $135 million in the third quarter of 2019, as ongoing declines in mail volumes were only partially offset by Parcels volume growth.

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    Canada Post segment reports $50-million loss before tax in second quarter

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    The Canada Post segment recorded a loss before tax of $50 million for the second quarter of 2019, as continuing declines in mail volumes were offset by parcels volumes growth that was more modest than the significant growth rates of a year ago.

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    Canada Post segment posts $270 million loss for 2018

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    Canada Post is reporting a loss before tax of $270 million for 2018. Three main non-recurring items factor into the result: the $280 million cost of resolving pay equity and the estimated $135 million net impact of the labour disruption in the fall, partially offset by a $48 million gain after an actuarial update to workers compensation liabilities.

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    Canada Post segment reports $94-million loss before tax in third quarter

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    Canada Post recorded a loss before tax of $94 million for the third quarter of 2018, mainly due to the costs of implementing the final pay equity ruling, which will adjust how much delivery employees in suburban and rural Canada (RSMC) are paid.

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    Canada Post segment reports $62-million loss before tax in third quarter

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    The Canada Post segment lost $62 million before tax in the third quarter, traditionally the postal service's slowest period of the year. Year-to-date, the Canada Post segment is reporting a profit of $13 million before tax heading into the holiday season when millions of Canadians are expected to make an unprecedented number of purchases online.

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    Canada Post segment reports $44-million profit before tax in first quarter on the strength of continued growth in parcels

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    Canada Post’s focus on innovative, convenient delivery and returns experiences is helping Canadian businesses grow through e-commerce – and maintaining Canada Post’s position as the country’s No. 1 parcel company.

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