Canada Post reports $107-million loss before tax in the first quarter
The Canada Post segment's loss before tax in the first quarter improved by $22 million compared to a loss before tax of $129 million in the same period of 2022.
- The Canada Post segment's loss before tax in the first quarter improved by $22 million compared to a loss before tax of $129 million in the same period of 2022.
- The Canada Post Group of Companies1 recorded a loss before tax of $58 million in the first quarter of 2023, compared to a loss before tax of $100 million in the same period a year earlier.
- Purolator's profit before tax of $46 million in the quarter increased from $28 million in the same quarter of the prior year.
- The Canada Post Group of Companies consists of the core Canada Post segment and its three non-wholly owned subsidiaries, Purolator Holdings Ltd., SCI Group Inc. and Innovapost Inc.