Canada Post Gets $673 Million in Federal Money For Canada Post
Canada Post is set to receive up to $673 million in federal money for Canada Post, with the cabinet order allowing the Crown corporation to cover its operating and income demands through next March. The short-term financing keeps the postal service moving after repeated government support and another year of heavy losses.
Lisa Liu said the funding is meant to let the company continue operating. In an emailed statement on Friday, the Canada Post spokeswoman said: “As Canada Post starts its transformation, it continues to face significant financial challenges, and has been accessing repayable funding from the government of Canada. This short-term financing liability, which is within the regulations of the Canada Post Corporation Act, is designed to ensure the corporation can maintain solvency and continue operating,”
Canada Post’s $1.57 billion loss
$1.57 billion was Canada Post’s loss before tax in 2025, a figure that was 46 per cent higher than the year before. The company also lost nearly $5.4 billion between 2018 and 2025, a run of losses that left it relying on government backing to bridge operating needs.
$1.03 billion was the cash injection Ottawa provided last year, but that support failed to sustain the postal service past early February 2026. Earlier in 2026, Ottawa authorized roughly $1 billion in funding top-up, and the $673 million amount now being carried over comes from that earlier authorization.
Lisa Liu on solvency
55,000 union members started voting last month on a five-year contract, and both sides agreed not to engage in strikes or lockouts while the ratification vote takes place. About 60 per cent of the union board endorsed the proposed collective agreement, while the union’s president has asked members to reject it.
Ian Lee said the funding reflects how fragile the carrier’s balance sheet has become. “Canada Post is insolvent... which is the inability to meet your obligations as they become due.” He added, “They might be issuing it in two tranches because they understand the optics,” a remark that points to the political sensitivity around more public money for the postal service.
The latest funding extends Canada Post’s operating runway through next March, but it does not remove the pressure behind the ratification vote or the push for reforms that include community mailboxes and possible post office closures. For employees voting on the five-year deal, the immediate issue is whether the company can keep its finances stable long enough to execute those changes without another cash call.
