Ottawa gives Canada Post a $1.01-billion loan amid ongoing financial struggles

Ottawa gives Canada Post a $1.01-billion loan amid ongoing financial struggles - Featured Image

Ottawa gives Canada Post a $1.01-billion loan amid ongoing financial struggles

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TLDR

Ottawa has provided Canada Post with a $1.01-billion repayable loan to help the financially struggling Crown corporation remain solvent and maintain its services. This additional funding follows a $1.03 billion loan from January 2025, and is intended to serve as a short-term financial bridge while Canada Post works on a transformation plan to ensure long-term stability.

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