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Ottawa gives Canada Post a $1.01-billion loan amid ongoing financial struggles
The federal government provides a second repayable loan totaling over $2 billion to sustain Canada Post amid ongoing financial losses and planned organizational reforms.
- On Feb. 7, 2026, the federal government announced a repayable $1.01 billion short-term bridge to Canada Post in a federal statement, published that day.
- Facing accumulated losses, Public Services and Procurement Canada said Canada Post needs a clear plan to restore long-term stability, following a $1.03 billion support in January 2025.
- Canada Post said in an e-mailed statement on Saturday that it needed access to short-term financing for the next 12 months and submitted a transformation plan detailing decisive action.
- The federal government said the support is temporary to maintain service while Canada Post initiates reforms and secures short-term financing to preserve postal access for Canadians.
- This measure complements January 2025 support of $1.03 billion and provides a $1.01 billion bridge loan as needed while Canada Post seeks short-term financing for the next 12 months.
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Winnipeg Free Press+27 Reposted by 27 other sources
Ottawa gives Canada Post a $1.01-billion loan amid ongoing financial struggles
Breaking News, Sports, Manitoba, Canada
·Winnipeg, Canada
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Canada Post gets a $1.01-billion loan amid ongoing financial struggles
The federal government says it is making more than $1 billion available to Canada Post in the form of a repayable loan to help the beleaguered Crown corporation remain solvent and keep its services running. The $1.01 billion would be provided as needed and is described as a short-term financial bridge. The new sum is in addition to $1.03 billion from Ottawa announced in January 2025. Last November, the Crown corporation said it would need anothe…
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Total News Sources31
Leaning Left18Leaning Right0Center5Last UpdatedBias Distribution78% Left
Bias Distribution
- 78% of the sources lean Left
78% Left
L 78%
C 22%
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