The federal government is providing a $1-billion loan to Canada Post to help the Crown corporation continue operating amid 91裸聊视频渟ignificant financial challenges.91裸聊视频�

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 91裸聊视频渕aintain its solvency and continue operating,91裸聊视频� the loan will not solve its structural issues. It says it has incurred significant annual losses since 2018 91裸聊视频渇uelled by rapid changes in the postal and parcel delivery sectors, high labour costs and legacy regulatory measures.91裸聊视频�

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 91裸聊视频渘eeded financial bridge91裸聊视频� 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.