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Canada Post receives $1.01 billion loan to avoid collapse, following a prior bailout.
The Canadian federal government has approved a $1.01-billion repayable loan to Canada Post to prevent financial collapse and maintain essential postal services.
The funding, a short-term bridge, follows a previous $1.03-billion bailout from January 2025.
Canada Post warned its earlier funds would be exhausted by the end of 2025, necessitating immediate support.
The government stated the aid will sustain operations while the postal service implements reforms to achieve long-term financial stability, despite its legal requirement to be self-sustaining.
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Canada Post recibe un préstamo de 1.01 mil millones de dólares para evitar el colapso, después de un rescate previo.