Canada Post gets financial lifeline from Ottawa up to $1B amid struggles – National
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Canada Post says the federal government is providing it with a lifeline to help the Crown corporation continue operating as it “deals with significant financial challenges.”
The corporation said Friday that Ottawa plans to make repayable funding of up to $1.034 billion available for its 2025-26 fiscal year.Canada Post’s incoming funding comes just two months after it reported steep financial losses in its third quarter, with the national postal service reporting a loss before tax of $315 million amid a decline in parcel revenue and volumes.That quarter’s revenue from parcels had dipped 5.8 per cent and volumes declined by six million pieces, or 9.6 per cent compared to the previous year. ...










