Procurement Minister Says Loans to Canada Post Aren’t a ‘Long-Term Solution’

Minister of Government Transformation, Public Works and Procurement Joel Lightbound rises during question period in the House of Commons on Parliament Hill in Ottawa on Dec. 3, 2025. The Canadian Press/Justin Tang

Federal Procurement Minister Joël Lightbound is defending the government’s latest $1 billion loan to Canada Post but says federal support can’t be a “long-term solution” for the Crown corporation.

The federal government is making $1.01 billion available to Canada Post in the form of a repayable loan to help the Crown corporation remain solvent and keep its services running.