Canada Post says higher international and U.S. mail costs will sustain its operations

OTTAWA - Canada Post's spokesperson announced a planned hike in stamp prices to help the Crown corporation become financially independent after years of losses. The new price for a domestic stamp will rise from $1.44 to $2 in 2027, with an annual increase of 7% thereafter. U.S.-bound and international letter stamp prices will also increase, though the specific figures have not been disclosed yet.

This move aims to align with the prices consumers currently pay and assist in repaying some of the financial aid Ottawa has provided to keep Canada Post operational. The federal budget recently allocated an additional $1.2 billion over seven years to support Canada Post's transition to community mailboxes. In 2025, the Crown corporation incurred its highest pre-tax losses to date, amounting to $1.57 billion.