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Ottawa gives Canada Post a $1.01-billion loan amid ongoing financial struggles
By Canadian Press on February 7, 2026.
GATINEAU — The federal government says it 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.
The new sum is in addition to $1.03 billion from Ottawa announced in January 2025.
Last November, the Crown corporation said it would need another bailout in short order as the January 2025 amount expected to carry it through to the end of the fiscal year in March would be used up by the end of 2025.
Canada Post said it needed access to short-term financing for the next 12 months.
The federal government said the temporary support is to ensure service is maintained while the organization initiates reforms to make it viable long-term.
“While Canada Post’s legislated mandate requires it to be financially self-sustaining, the corporation has accumulated significant losses in recent years, making clear that maintaining the status quo is not an option and that a clear plan is needed to restore long-term stability,” Public Services and Procurement Canada said in a statement on Thursday.
This report by The Canadian Press was first published Feb. 7, 2026.
The Canadian Press
12-11
That will not fix the problems at Canada Post and will only waste VALUABLE taxpayer dollars.
You have a bunch of employees who will never be satisfied, wanting everything for free, while disrespecting the public and especially business owners, who have had to deal with COVID, the impacts of the drug crisis, and now tariffs, with Canada Post compounding the situation.
Liquidate Canada Post and give the mail and parcel delivery services to Amazon who knows how to deliver and who respects their clientele.
Canada Post seems to think the consumer is to serve Canada Post, not Canada Post serve the consumer!