Canada Post raises stamp prices by 25%, aiming to offset rising costs and boost revenue.

Canada Post has increased postage prices by 25%, raising the cost of stamps to $1.24 for booklets, coils, or panes and $1.44 for single stamps. The price hike aims to offset rising costs and is expected to generate $80 million in extra revenue by 2025. Despite the increase, Canada Post claims its stamp prices remain among the lowest globally. The company faces financial challenges due to declining letter mail volumes and competition from private couriers. Experts suggest the price hike may not solve Canada Post's long-term issues.

2 months ago
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