Canada Post says planned stamp price increases are intended to help the Crown corporation become self-sustaining after years of losses.
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A Canada Post spokesperson says planned increases to stamp prices, including for international and U.S.-bound letters, are meant to support the Crown corporation’s long-term self-sufficiency after years of financial losses.
The federal budget said the price of a single domestic stamp will rise from $1.44 to $2 in 2027, followed by a seven per cent increase in cost each year after.
Jon Hamilton, Canada Post’s vice-president of communications, said the prices for U.S.-bound and international letter stamps will also go up, though the amounts have not yet been decided.
Hamilton said the move aims to align consumer prices with Canada Post’s operating costs and help repay some of the assistance Ottawa has provided to keep the organization operating.
He also pointed to additional federal support tied to Canada Post’s transition to community mailboxes, with the budget providing another $1.2 billion over seven years for that change.
Canada Post’s annual report says the Crown corporation recorded $1.57 billion in pre-tax losses in 2025, the highest amount on record.
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