At its annual public meeting on Tuesday, Canada Post revealed that it continues to bleed cash and hinted at big job cuts through attrition.

"Canada Post is effectively insolvent," said the Crown corporation's chief financial officer, Rindala El-Hage.

She announced that Canada Post's operating loss so far for 2025 totals more than $1 billion, and that its latest quarterly loss — $541 million before tax — was unprecedented.

"It was the largest quarterly loss in the company's history," said El-Hage. She added that the "continued labour uncertainty and disruption" caused by an ongoing labour dispute with its workers contributed to the losses.

In September, the federal government called for the Crown corporation to make sweeping changes, such as ending home delivery and closing some rural m

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