Canada Post proposes 25-cent price hike on stamps

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Canada Post proposes 25-cent price hike on stamps
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Canada Post Corp. has signed a deal to sell SCI Group Inc., its third-party logistics business, to Metro Supply Chain Inc. The Canada Post logo is seen on the outside the company's Pacific Processing Centre, in Richmond, B.C., on Thursday June 1, 2017.

Canada Post is proposing an increase to regulated postage rates next year, bringing the price of most stamps up by 25 cents to $1.24.Posted: Sep 06, 2024 5:30 PM EDT | Last Updated: 5 minutes ago

The organization says it has kept letter mail rate increases to a minimum over the past decade and the one-time increase would help align stamp prices with the rising cost of providing the service. Stamp prices were last increased in 2023, when the cost of a stamp rose by seven cents.Canada Post says letter mail volumes have decreased by 60 per cent over the past two decades, while the number of addresses to serve has gone up.

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