In 2024, Canada Post navigated a challenging macroeconomic and market environment marked by declining revenues, continued operational losses, and deteriorating cash flows.

While certain cost lines saw modest reductions, they were insufficient to offset the sharp revenue contraction and margin erosion. Revenue was down 9.0% YoY, driven by declines in both Mail (-3.8%) and Parcels & Express (-8.4%) segments.

 

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