Canada Post just reported the “largest loss” it has ever seen in a single quarter.

The news comes amid ongoing labour unrest for the Crown corporation as the Canadian Union of Postal Workers (CUPW) is still without an updated contract and is maintaining its overtime ban.

On Tuesday, Canada Post reported during the second quarter of 2025 (April through June) that it saw a loss before tax of $407 million compared to a year prior, and noted this came as “parcels results declined sharply due to labour uncertainty,” according to a news release emailed to Global News.

“The second-quarter loss of $407 million marked the Corporation’s largest loss before tax in a single quarter,” the Crown corporation said in a statement.

In the same period a year prior, Canada Post saw a profit before tax of

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