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Canada Post says higher international and U.S. mail costs will sustain its operations
Canada Post says the hike will help cover operating costs after $1.57 billion in pre-tax losses in 2025.
- In Ottawa, Canada Post announced that raising stamp prices is necessary to help the Crown become self-sustaining after years of financial losses.
- The corporation faced $1.57 billion in pre-tax losses in 2025, marking the highest amount on record for the Crown.
- Last week's federal budget confirmed the price of a single domestic stamp will climb from $1.44 to $2 in 2027, with a seven per cent rise annually thereafter.
- Jon Hamilton, Canada Post's vice-president of communications, noted that costs for international letter stamps will also increase, though the specific amount remains undecided.
- The federal budget is providing $1.2 billion over seven years to support the Crown's move to community mailboxes and facilitate operational transition.
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The Toronto Star+4 Reposted by 4 other sources
Canada Post says higher international and U.S. mail costs will sustain its operations
OTTAWA - The planned increase in the price of stamps is meant to help Canada Post become self-sustaining after years of financial losses, the Crown corporation's chief spokesperson said.
·Toronto, Canada
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Leaning Left3Leaning Right0Center3Last UpdatedBias Distribution50% Left, 50% Center
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