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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

Ottawa Gives Canada Post a $1.01-Billion Loan Amid Ongoing Financial Struggles

Last updated: February 8, 2026 10:48 pm
By The Canadian Press
0 Min Read
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Ottawa Gives Canada Post a $1.01-Billion Loan Amid Ongoing Financial Struggles

A Canada Post mailbox is pictured in Richmond B.C. on Sept. 26, 2025. The Canadian Press/Ethan Cairns

The federal government 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.

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