Ottawa gives Canada Post $1.01-billion loan amid ongoing financial struggles

The Canadian Press: The $1.01 billion would be provided as needed and is described as a short-term financial bridge.

The new sum is in addition to $1.03 billion from Ottawa announced in January 2025.

Last November, the Crown corporation said it would need another bailout in short order as the January 2025 amount expected to carry it through to the end of the fiscal year in March would be used up by the end of 2025…