Canada Post reports Q1 loss

OTTAWA, Ont. — Canada Post had a $27-million loss before taxes in the first quarter of this year amid an overall drop in revenue as it handled lower volumes of bills and statements delivered by mail.

OTTAWA, Ont. — Canada Post had a $27-million loss before taxes in the first quarter of this year amid an overall drop in revenue as it handled lower volumes of bills and statements delivered by mail.

The Canada Post segment of the Crown corporation’s revenue from operations was $1.468 billion, down from $1.513 billion in the comparable period of 2013. The volume of transaction mail — mainly bills and other statements — dropped by 6.9 per cent compared with a year earlier but that was partially offset by an increase in domestic parcel volumes, which were 4.9 per cent higher.

In the first quarter of 2013, Canada Post had a profit — mainly due to an unusual gain from the sale of a Vancouver plant.

Canada Post’s profit before tax for the three months ended March 30, 2013, was $68 million.

The postal service is the core of the Canada Post Group of companies, which also includes the Purolator courier service and other business segments.

The group’s total loss before tax in the first quarter of 2014 was $37 million, including an $11-million loss at Purolator and a $2-million profit at the logistics segment. Revenue for the whole group was $1.868 billion including $386 million from Purolator, the second-largest segment after Canada Post.

The group’s total profit before tax in the first quarter of 2013 was $51 million, including a $12-million loss at Purolator and a $1 million profit from logistics. Revenue for the whole group was $1.904 billion including $379 million from Purolator.

Just Posted

Unemployment rate and EI beneficiaries down in Central Alberta

The unemployment rate for Red Deer region and the number of people… Continue reading

Insurers say Canadian weather getting hotter, wetter and weirder

Average number of days with heavy rain or snow across Canada has been outside norm since spring 2013

Women’s marches underway in Canadian cities, a year after Trump inauguration

Women are gathering in dozens of communities across the country today to… Continue reading

Red Deer councillor balks at city getting stuck with more funding responsibilities

Volunteer Central seeks municipal funding after being cut off by government

WATCH news on the go: Replay Red Deer Jan. 21

Watch news highlights from Red Deer and Central Alberta

Two Canadians, two Americans abducted in Nigeria are freed

Kidnapping for ransom is common in Nigeria, especially on the Kaduna to Abuja highway

WATCH news on the go: Replay Red Deer Jan. 21

Watch news highlights from Red Deer and Central Alberta

Liberals quietly tap experts to write new paternity leave rules

Ideas include creating an entirely new leave benefit similar to one that exists in Quebec

Insurers say Canadian weather getting hotter, wetter and weirder

Average number of days with heavy rain or snow across Canada has been outside norm since spring 2013

Are you ready for some wrestling? WWE’s ‘Raw’ marks 25 years

WWE flagship show is set to mark its 25th anniversary on Monday

VIDEO: Thousands join women’s march events across B.C.

Today marks one year since the first Women’s March on Washington

In photos: Get ready for Western Canadian Championships

Haywood NorAm Western Canadian Championships and Peavey Mart Alberta Cup 5/6 start… Continue reading

WATCH: Red Deer city council debates cost-savings versus quality of life

Majority of councillors decide certain services are worth preserving

Most Read


Five-day delivery plus unlimited digital access for $185 for 260 issues (must live in delivery area to qualify) Unlimited Digital Access 99 cents for the first four weeks and then only $15 per month Five-day delivery plus unlimited digital access for $15 a month