Canada Post’s whopping $407 million second quarter loss reported Tuesday is unlikely to jump-start stalled contract negotiations between the Crown corporation and its 53,000 workers, labour experts say.

Canada Post reported plummeting parcel delivery revenue, dropping by $288 million, as they shipped 25 million fewer packages in Q2 compared to a year earlier as customers sought more reliable options.

“Parcels results declined sharply as the strike activity and labour uncertainty drove customers to other carriers,” the Crown corporation said in a press release.

The Canadian Union of Postal Workers, in an emailed statement, said the loss was further proof that the Crown corporation needs new revenue streams, some of which the union has suggested during contract talks.

“Canada Post’s sec

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