The federal government is providing a $1-billion loan to Canada Post to help the Crown corporation continue operating amid 香蕉视频直播渟ignificant financial challenges.香蕉视频直播�

Canada Post says it was notified it will receive the $1.034 billion in repayable funding through the 2025-26 fiscal year.

Canada Post says that while the funding will help it 香蕉视频直播渕aintain its solvency and continue operating,香蕉视频直播� the loan will not solve its structural issues. It says it has incurred significant annual losses since 2018 香蕉视频直播渇uelled by rapid changes in the postal and parcel delivery sectors, high labour costs and legacy regulatory measures.香蕉视频直播�

Public Services and Procurement Canada says the money will be provided on an as-needed basis to pay non-discretionary obligations, noting Canada Post would have fallen short of its necessary operating cash requirements in 2025 despite recently raising the price per stamp.

The department calls it a 香蕉视频直播渘eeded financial bridge香蕉视频直播� to ensure Canada Post can continue operating while it works with Ottawa on long-term changes to ensure its viability.

The lifeline comes after a strike by Canada Post workers brought mail delivery to a halt late last year until the federal government stepped in to end the job dispute.