Subhead:Canada Post reported a staggering $1.57 billion loss before tax in 2025.#
The federal government is handing Canada Post up to another $673 million in taxpayer money after the Crown corporation admitted it cannot pay its bills — even as provinces and municipalities have spent months building contingency plans around repeated postal disruptions.
An April 30 order-in-council authorized Ottawa to provide Canada Post with whatever funds are necessary, up to $673 million, because the Crown corporation determined its revenues would not be enough to cover operating costs between April 2026 and March 2027.
The bailout comes on the heels of Canada Post reporting a catastrophic $1.57 billion loss before tax in 2025, the largest annual loss in the corporation’s history.
