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Canada Post: Stamp prices rise IG News



It may soon be more expensive to send letters by post.

Canada Post plans to raise the price of stamps by seven cents, to 99 cents, for stamps purchased in a booklet, roll or plate, which it says make up the majority of sales.

The price of stamps purchased individually would rise to $1.15 from $1.07 for a domestic letter.

The rate changes would also affect other products, including U.S., international letter mail and domestic certified mail.

The price increases were announced for public comment today and will take effect on May 6, subject to regulatory approvals.

Canada Post says domestic letter mail prices have increased twice in the past decade: by five cents in 2019 and two cents in 2020. It says the last “major price change” was in March 2014.

The agency says the proposed price increase is due to “considerable” financial pressure from inflation and the fact that there are fewer letters to deliver to more addresses each year.

He says the impact of the change is estimated to be about 65 cents a year for the average Canadian household and about $12.07 for the average Canadian small business.

This report by The Canadian Press was first published on February 9, 2024.

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