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Published

Ottawa hands Canada Post $1B loan to help struggling Crown corporation stay afloat

  • The federal government is providing a $1-billion loan to Canada Post to help the crown corporation continue operating amid significant financial challenges.
  • Canada Post will receive the $1.034 billion in repayable funding through the 2025-26 fiscal year.
  • The funding will help maintain solvency but will not solve Canada Post's structural issues, which include significant annual losses since 2018.
  • Public Services and Procurement Canada states the loan is a needed financial bridge while Canada Post works on long-term changes for viability.
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