Feds Greenlight $673 Million to Keep Canada Post Afloat This Year

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Feds Greenlight $673 Million to Keep Canada Post Afloat This Year

Vehicles sit idle at a Canada Post delivery depot, in Burnaby, B.C., on Sept. 29, 2025. The Canadian Press/Darryl Dyck

The federal government is handing hundreds of millions of dollars to Canada Post to keep the money-bleeding mail service afloat for the current fiscal year.

A cabinet order gives the beleaguered Crown corporation up to $673 million so it can “meet its operating and income” demands through next March.

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