A Canada Post employee empties a post box in Toronto, Ont. Photo by Peter J. Thompson/National Post files

Canada Post Corp. ‘s finances continue to deteriorate as the Crown corporation reported its worst-ever quarterly results, which it attributed to ongoing labour strife .

“The ongoing labour uncertainty has contributed significantly to the losses in 2024 and this year,” Canada Post said in a release.

Its $407-million loss in the second quarter was its worst ever in a single quarter, compared with a $46-million profit before taxes a year ago, blaming a sharp 37 per cent decline in parcel delivery revenue and volume.

First-half losses before taxes totalled $448 million, compared with $30 million in the first half of 2024.

“Over 50 per cent of year-to-date losses occurred in June,

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