A Canada Post worker carries some packages into her van on Crichton Street in Ottawa. Photo by TONY CALDWELL/Postmedia files

Canada Post said on Friday that it has lost more than $1 billion from operations so far this year, as it reported $541-million before-tax losses in the third quarter.

The Crown corporation said the loss was “unprecedented” — the largest quarterly loss in its history — and a 71.7 per cent increase in losses over the same period last year.

Before taxes, the company reported $989 million in losses in the first nine months of 2025, compared to a loss before tax of $345 million in the same period last year.

“The company is facing the most severe and challenging financial situation in its history,” it said in its earnings release. “Canada Post’s financial situation

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