Canada lends $1 billion to struggling Canada Post to avert cash shortage by mid-2025.

The Canadian government is lending $1 billion to Canada Post to help it continue operations amid financial difficulties. The loan will cover non-discretionary expenses but won't address underlying issues like high labor costs and changes in the postal industry. Without this funding, Canada Post would have run out of cash by mid-2025. The government is working with the postal service on long-term solutions to ensure its financial stability.

2 months ago
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