Canada Post reports $315M pre-tax Q3 loss as strike continues

On Friday, Canada Post reported a loss before tax of $315 million in the third quarter of 2024, amid a decline in parcel revenue and volumes. Canada Post’s Q3 revenue from parcels dipped by 5.8 per cent and volumes declined by six million pieces— or 9.6 per cent— compared with the same time last year. As Global's Kyle Benning reports, Canada Post is anticipating another “significant loss” this year, which would be the seventh successive annual loss for the company. For more info, please go to https://globalnews.ca/news/10883380/canada-post-strike-one-week-mark/ Subscribe to Global News Channel HERE: http://bit.ly/20fcXDc Like Global News on Facebook HERE: http://bit.ly/255GMJQ Follow Global News on X HERE: http://bit.ly/1Toz8mt Follow Global News on Instagram HERE: https://bit.ly/2QZaZIB #GlobalNews #canadapost