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The Crown corporation says it’s struggling amid intense competition in parcel delivery services that has led to its market share eroding from 62 per cent prepandemic to 29 per cent last year
Canada Post says it lost $748 million before tax last year as it warned larger, unsustainable losses are likely ahead without changes to its business model.
Breaking News, Sports, Manitoba, Canada
The Crown corporation says it's struggling amid intense competition in parcel delivery services
Canada Post is transforming its information technology (IT) model to better serve the changing needs of Canadians and businesses and continue to lead in the rapidly evolving parcel delivery market.