“New regulations have been granted by the Canadian federal government, providing Canada Post with the power to store and transport restricted firearms. This is a significant move leading to the implementation of the retail gun buyback program.

The ruling, issued on October 16, 2024, outlines guidelines for the removal, transportation, and eventual destruction of restricted assault-style firearms. This follows the restriction of over 1,500 firearm models in May 2020, in response to a devastating mass shooting in Nova Scotia that claimed 23 lives.

The buyback program, first promised by Public Safety Minister Dominic LeBlanc, is slated to kick off this fall. The plan involves the initial purchase and destruction of restricted firearms from retail stores before the public buyback initiative begins next year.

Although Canada Post has expressed concerns over the safety of its employees participating in the gun buyback, the Criminal Code amnesty for owning restricted assault-style firearms has been extended twice and is now due to expire on October 30, 2025.

This article was written by David Baxter for The Canadian Press and was first published on October 25, 2024.”

Note: The paraphrased article does not include the aspect of investment as per the original article context. It is essential to maintain the integrity of the original article’s purpose and context.