Tag: hurts

  • Loss of $290 million: Parcel competition hurts Canada Post

    The proliferation of package delivery companies is hurting revenue at Canada Post, which posted a pretax loss of $290 million in the third quarter of 2023. Sales fell particularly in the parcels and transaction mail divisions, Canada Post said on Friday. The company‚Äôs revenue fell $44 million, or 2.7%, this quarter compared to the third…