Revenue for the Canada Post segment increased by $407 million, or 6.31%, in 2021 compared to the prior year.For the first 3 quarters of 2021, direct marketing revenue increased by $100 million, or 15.9%, as volumes increased by 497 million pieces, or 19.8%, compared to the same period a year earlier Direct marketing revenue grew $42 million, or 20.3%, in the third quarter as volumes rose by 184 million pieces, or 21.1%, compared to the same period in the prior year.For the first 3 quarters of 2021, revenue grew by $54 million, or 1.3%, as volumes rose by 4 million pieces compared to the same period a year earlier, due in part to the census and federal election mailings Transaction mail revenue grew by $21 million, or 2.4%, in the third quarter as volumes rose by 8 million pieces from the same period in the prior year.For the first 9 months of the year, revenue rose by $307 million, or 11.4%, as volumes declined by 2 million pieces, or 2.3%, compared to the same period a year earlier In the third quarter, parcels revenue declined by $31 million, or 5.3%, as volumes fell by 20 million pieces, or 22.1%, compared to the same period a year earlier.Key results for the Canada Post segment in the third quarter 2021 Cost of operations increased by $32 million, or 1.8%, in the third quarter of 2021 and by $275 million, or 3.3%, for the first 3 quarters, compared to the same periods a year earlier.Revenue for the Canada Post segment increased by $37 million, or 0.81%, in the third quarter compared to the same period a year earlier.Through the first 3 quarters of 2021, Canada Post reported a consolidated net loss of $209 million, an improvement of $243 million (53.8%) from the same period in 2020, when the net loss was $452 million.Through 2021, unconsolidated revenues totaled $7.3 billion.Canada Post’s reported financial losses were amplified by COVID-19 while the corporation has reported losses so far in 2021, its financial results have improved compared to 2020.Key results for the Canada Post segment in the third quarter 2021.
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