Canada Post is facing financial challenges and has been granted a $1 billion loan by the federal government to help address its difficulties.
Ontario Premier Doug Ford makes an announcement regarding the creation of the Runnymede Healthcare Centre, a rehabilitation centre dedicated to treating first responders and medical personnel with post-traumatic stress injuries, in Toronto on Thursday, March 3, 2022. THE CANADIAN PRESS/Nathan Denette Canada Post gets $1-billion loan from federal government amid financial strugglesPolice warning of zero tolerance for ‘slow rolling’ ahead of planned ‘election convoy’ protest in OttawaN.S.
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CANADA POST LOAN FINANCIAL STRUGGLES GOVERNMENT ASSISTANCE ECONOMY
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Canada Post Receives $1 Billion Lifeline from GovernmentCanada Post, facing significant financial challenges, will receive up to $1.034 billion in repayable funding from the federal government to help it continue operating. The corporation reported a loss of $315 million due to declining parcel revenue and volumes. The funding will provide a temporary financial bridge while Canada Post and the government work on a plan to ensure the long-term viability of the service.
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Health Canada Receives More Rabies Vaccine Amid Ontario ShortageHealth Canada has received additional doses of the rabies vaccine and expects to distribute them by the end of the month. This comes as Toronto continues to ration its supply due to a shortage caused by increased demand following the death of an Ontario child from rabies last fall.
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