Postes Canada
For 16 years until 2011, Canada Post realized an annual profit, and it has since had several profitable years. In 2011, Canada Post posted a pretax loss of $253 million, due in part to a 25-day employee lockout, and a $150 million pay equity class action lawsuit. In 2012, Canada Post rebounded to post a profit of $98 million before tax. In 2013, Canada Post lost $37 million overall. The Canada Post group's gross profit in 2014 was $269 million. In 2015, the corporation continued to remain profitable, posting a $136 million profit before tax. In 2016, Canada Post recorded its 3rd consecutive profitable year, making $114 million before tax ($81 million after taxes). In total, Canada Post has made a net profit of $266 million since 2012. In 2017, the Corporation posted $144 million after tax profit.