Canada Post says higher international and U.S. mail costs will sustain its operations
OTTAWA — The planned increase in the price of stamps is intended to help Canada Post become self-sustaining after years of financial losses, the Crown corporation’s chief spokesperson said.
Last week’s federal budget announced the price of a single domestic stamp will go from $1.44 to $2 in 2027, with a seven per cent increase in cost each year after.
Jon Hamilton, Canada Post’s vice-president of communications said this move is an attempt to better match the prices consumers pay with the organization’s operating costs and help repay some of the assistance Ottawa has provided to keep Canada Post afloat.
“We are just trying to return to the price of the service aligning more with the cost of providing the service, because it’s been out of whack for a number of years,” he said.
