Posts Canada claims to have been informed that it will receive the repayable funding of $ 1.034 billion during the year 2025-2026.
Post Canada stresses that even if funding will help him “maintain his solvency and remain in activity”, the loan will not solve his structural problems. She claims to have undergone considerable annual losses since 2018 “attributable to the rapid evolution of the sectors of the delivery of letters and packages, high labor costs and obsolete regulatory measures that hinder the capacity of the company to evolve and be competitive ”.
Public Services and Supply Canada claims that money will be provided if necessary for non -discretionary obligations, stressing that Posts Canada would not have managed to meet its operational cash needs in 2025 despite the recent increase in stamp prices.
The ministry speaks of “a temporary financial transition measure” to ensure that Post Canada can continue to operate while it works with Ottawa on long -term changes to ensure its viability.
-This rescue buoy occurs after a strike by Canada Post workers interrupted the delivery of mail at the end of last year, until the federal government intervenes to end the labor conflict.
Canada
