Canada Post has racked up more than $1 billion in operating losses so far this year, with $535 million of that loss coming in the third quarter alone, the Crown corporation revealed Tuesday.

The organization’s chief financial officer, Rindala El-Hage, revealed the total at Canada Post’s annual public meeting Tuesday.

“The magnitude of Q3 2025 losses from operations is unprecedented,” said El-Hage. “Canada Post is now effectively insolvent. While government funding received in Q3 2025 will help maintain solvency and support operations in the short term, it does not address the long-term structural challenges facing the Corporation.”

Canada Post has been engaged in a 20-month contract dispute with the Canadian Union of Postal Workers, and has repeatedly pointed to its financial condition

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