Canada Post Gets $1B Loan From Ottawa Amid ‘Significant Financial Challenges’

Canada Post Gets $1B Loan From Ottawa Amid ‘Significant Financial Challenges’
A Canada Post employee drives a mail truck at a delivery depot in Vancouver on Dec. 17, 2024. The Canadian Press/Darryl Dyck
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Ottawa has given more than $1 billion to Canada Post to help the company stay afloat while it deals with financial struggles.

The money, a total of $1.034 billion through the 2025–26 fiscal year, is to be paid back, according to Canada Post.