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Reading: Feds Greenlight $673 Million to Keep Canada Post Afloat This Year
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feds-greenlight-$673-million-to-keep-canada-post-afloat-this-year
Feds Greenlight $673 Million to Keep Canada Post Afloat This Year

Feds Greenlight $673 Million to Keep Canada Post Afloat This Year

Last updated: May 8, 2026 11:48 pm
By The Canadian Press
1 Min Read
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Feds Greenlight $673 Million to Keep Canada Post Afloat This Year

Vehicles sit idle at a Canada Post delivery depot, in Burnaby, B.C., on Sept. 29, 2025. The Canadian Press/Darryl Dyck

The federal government is handing hundreds of millions of dollars to Canada Post to keep the money-bleeding mail service afloat for the current fiscal year.

A cabinet order gives the beleaguered Crown corporation up to $673 million so it can “meet its operating and income” demands through next March.

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