Canada Post lost $748 million in 2023, its sixth consecutive annual loss, with cumulative losses of $3 billion over that period. And as Ian Lee, an associate professor at Carleton University’s business school, said in a recent interview with CTV News, “Canada Post is going to lose more money next year and even more money the following year.” While Canada Post had a 62 per cent share of the parcel delivery market in 2019, it has since plummeted to 23 per cent, a metric that will not be improved by the ongoing strike of 55,000 Canada Post workers.