The Canadian government has allocated over $1 billion to Canada Post through a repayable loan to aid the struggling Crown corporation in maintaining operational solvency. This financial support, described as a temporary bridge, is in addition to the $1.03 billion previously announced in January 2025.
Public Services and Procurement Canada highlighted the necessity of a clear plan to address Canada Post’s recent financial losses, emphasizing the need for long-term stability despite the corporation’s mandate for financial self-sustainability. Following Canada Post’s request for short-term financing to address immediate challenges, the government’s latest assistance aims to sustain services while the organization implements reforms for future viability.
Canada Post acknowledged its ongoing financial difficulties and confirmed the submission of a transformation plan to the government for review and finalization. The plan outlines strategic measures to ensure the delivery of essential services in a financially sustainable manner.
