Canada Post lost $748 million last year, warns of 'critical' financial situation

Canada Post warns its financial situation is so grim it could run out of operating money in less than a year, citing declining revenue and increased competition from private delivery companies.

Canada Post lost $748 million last year, warns of 'critical' financial situation
A red mail box is surrounded by flood water.

Canada Post warns its financial situation is so grim it could run out of operating money in less than a year, citing declining revenue and increased competition from private delivery companies.