Story perspectives

Canada Post Secures $1.01B Loan Amid Financial Struggles

2/12/2026

Summary

Story summary

The Canadian federal government will provide Canada Post a $1.01 billion repayable loan to maintain services amid financial difficulties.
Federal Procurement Minister Joël Lightbound said the support is not a long-term solution, noting Canada Post has not been profitable for seven years.
The loan follows a $1.03 billion loan announced in January 2025.
The Crown corporation has acknowledged its financial challenges and is finalizing a transformation plan for the government.

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Story summary

The Canadian federal government will provide Canada Post a $1.01 billion repayable loan to maintain services amid financial difficulties.
Federal Procurement Minister Joël Lightbound said the support is not a long-term solution, noting Canada Post has not been profitable for seven years.
The loan follows a $1.03 billion loan announced in January 2025.
The Crown corporation has acknowledged its financial challenges and is finalizing a transformation plan for the government.