Procurement minister says loans to Canada Post aren’t a ‘long-term solution’

OTTAWA — Federal Procurement Minister Joël Lightbound is defending the government's latest $1 billion loan to Canada Post but says federal support can't be a "long-term solution" for the Crown corporation.
The federal government is making $1.01 billion available to Canada Post in the form of a repayable loan to help the Crown corporation remain solvent and keep its services running.
The new sum is in addition to a $1.03 billion loan Ottawa announced in January 2025.
Speaking to a Hous