{"id":657802,"date":"2026-05-09T08:30:20","date_gmt":"2026-05-09T08:30:20","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/657802\/"},"modified":"2026-05-09T08:30:20","modified_gmt":"2026-05-09T08:30:20","slug":"canada-post-getting-another-673m-in-federal-funds-to-stay-afloat-national","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/657802\/","title":{"rendered":"Canada Post getting another $673M in federal funds to stay afloat – National"},"content":{"rendered":"

\n\t\t\t\tBy Staff<\/p>\n

\t\t\t\t\t\t\t\t\t\tThe Canadian Press\t\t\t\t\t\t<\/p>\n

\n\t\t\t\t\tPosted May 8, 2026 3:46 pm\n\t\t\t\t\t\t\t\t\t<\/p>\n

\n\t\t\t\t1 min read\n\t\t\t<\/p>\n

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The federal government<\/a> is handing hundreds of millions of dollars to Canada Post<\/a> to keep the money-bleeding mail service afloat for the current fiscal year.<\/p>\n

\"\"<\/p>\n

A cabinet order gives the beleaguered Crown corporation up to $673 million so it can \u201cmeet its operating and income\u201d demands through next March.<\/p>\n

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Last year Ottawa authorized a $1.03-billion cash injection for Canada Post, followed by another billion dollars in extra repayable funding when the initial amount proved too small.<\/p>\n

Carleton University business professor Ian Lee says the postal service will likely need hundreds of millions more to make it through the year, given its unprecedented $1.57-billion loss before tax in 2025<\/a>.<\/p>\n

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As workers vote on a contract after years of disputes and declining letter demand, Canada Post says it must modernize through reforms that include community mailboxes and possible post office closures.<\/p>\n

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Canada Post and the union have sparred over wages and structural changes to the Crown corporation for more than two years, with workers taking to the picket line repeatedly.<\/p>\n

\n\t\t&copy 2026 The Canadian Press\t<\/p>\n","protected":false},"excerpt":{"rendered":"By Staff The Canadian Press Posted May 8, 2026 3:46 pm 1 min read Descrease article font size…\n","protected":false},"author":2,"featured_media":657803,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[45,49,48,1848,1849,46,894],"class_list":["post-657802","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-business","tag-ca","tag-canada","tag-canada-post","tag-consumer","tag-economy","tag-federal-government"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/657802","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=657802"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/657802\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/657803"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=657802"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=657802"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=657802"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}