Canada Post is reporting a loss before tax of $153 million for 2019.
While it remains the country’s leader in online order delivery, it has experienced a decline since its competition has grown and diversified.
The decline in growth rates traces back to the 2018 labour disruption, as well as the impact of a softer economy in the first half of 2019.
The coronavirus disease did not have an impact on their 2019 financial performance but could in 2020 and, possibly, going forward.
