Canada Post Faces Urgent Bailout as Losses Mount Amidst Parcel Decline . . . Canada Post says another bailout needed as it continues to bleed cash Canada Post reported the highest quarterly loss in its history Friday, as the beleaguered mail service contends with stiff competition for parcel delivery and disruptions from an ongoing labour dispute
Canada Post Warns It Will Need Another Bailout as Losses Hit Record . . . Canada Post says it will require yet another bailout by early 2026 as the Crown corporation’s financial crisis deepens, despite beginning the year with a $1 03-billion federal loan intended to sustain operations through March 2026 In its quarterly report released Friday, the postal service revealed it has already burned through nearly all of that funding and expects the loan to be “fully
Ottawa lending $1B to cash-strapped Canada Post | CBC News The federal government will lend $1 billion to Canada Post for the 2025-26 fiscal year so that it can continue operating while dealing with "significant financial challenges," the postal
Canada Post Record Loss Bailout Request Amid Labor Strikes 2025 . . . Canada Post Reports Record Quarterly Loss, Seeks Government Bailout Canada Post reported its largest quarterly loss in history, citing ongoing strike activity by mail carriers for driving parcel shippers to competitors and sharply reducing revenue intake Freightwaves reported the postal operator said it will need another government bailout to fund operations through next year The cash
Canada Post says another bailout needed as it continues to bleed cash . . . After starting the year with a $1-billion federal loan, Canada Post says it will need another bailout within a month or two as the Crown corporation hemorrhages cash, putting it on track for its worst fiscal year yet It reported the highest quarterly