Canada Post record losses

The annual report reveals that Canada Post's loss before tax grew by 86.7%, marking the largest financial blow in the company's history.

This news comes as postal workers begin voting on a new contract proposal following more than two years of wage disputes and structural negotiations.

Executives warned that without significant modernization and legislative support, the national mail carrier's viability remains at risk.

The surge in losses has prompted fresh calls for a review of the company's business model in an increasingly digital era.