Ottawa hands Canada Post $1B loan to help struggling Crown corporation stay afloat
The federal government is loaning Canada Post more than $1 billion to help the struggling Crown corporation stay solvent and ...
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Canada Post tells federal inquiry it was set to run out of cash by July
The projection Canada Post was set to run out of money by July did not include the effects of last year's nationwide postal strike.
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Canada Post gets $1-billion loan from federal government amid financial struggles
OTTAWA — The federal government is providing a $1-billion loan to Canada Post to help the Crown corporation continue ...
Canada Post in talks with Ottawa over cash flow crunch that could affect operations in coming months
In Industrial Inquiry Commission filing, Canada Post said it expects to deplete its cash reserves in the first half of 2025 ...
Ottawa lends $1-billion to Canada Post so it can ‘continue its operations’
Cash injection will be provided to Crown corporation on an as-needed basis to pay non-discretionary obligations, government ...
Canada Post gets financial lifeline from Ottawa up to $1B amid struggles
The Crown corporation says the repayable funding will help it maintain operations but would not help in its structural issues as it faces consistent financial losses.