MISSISSAUGA — Canada Packers Inc. reported a second-quarter loss of $28.4 million, compared with a profit of $23.4 million in the same quarter a year ago. The company says the loss amounted to 95 cents per diluted share for the quarter ended June 27, compared with a profit of 79 cents per diluted share in the second quarter of 2025. Sales totalled $431.7 million, down from $473.2 million a year earlier. On an adjusted basis, Canada Packers says it earned 34 cents per share in its latest quarter, down from an adjusted profit of 93 cents per share a year earlier. The company says a drop in sales is primarily because of lower pork cutout and unfavourable currency due to a weaker Japanese yen. Canada Packers is the pork operations of Maple Leaf Foods Inc. that was spun off into a new stand-alone company in October 2025. This report by The Canadian Press was first published Aug. 5, 2026.
