Ottawa greenlights $673-million to keep Canada Post afloat this year
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Article Excerpt
Ottawa greenlights $673-million to keep Canada Post afloat this year
OTTAWA
THE CANADIAN PRESS
PUBLISHED MAY 8, 2026
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Canada Post notched an unprecedented $1.57-billion loss before tax in 2025, a 46 per cent jump from the year before.
DARRYL DYCK/THE GLOBE AND MAIL
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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”…
Read full article at The Globe and Mail ↗
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Jul 18, 2026