Canada Post Plans Stamp Price Hikes to Address Record $1.57 Billion Loss
Canada Post announced planned increases in domestic, U.S., and international stamp prices to help the Crown corporation become self-sustaining after recording $1.57 billion in pre-tax losses in 2025. The federal budget outlines a rise in domestic stamps to $2 by 2027 and provides $1.2 billion over seven years for a transition to community mailboxes.
Canada Post is planning a series of stamp price increases intended to help the Crown corporation become self-sustaining following years of financial losses. According to a Canada Post spokesperson, the price moves are designed to address the organization's fiscal challenges.
The corporation’s annual report states that Canada Post recorded $1.57 billion in pre-tax losses in 2025, the highest amount on record.
Jon Hamilton, Canada Post’s vice-president of communications, said the planned price adjustments aim to match consumer payments with operating costs and repay some assistance provided by Ottawa.
The recent federal budget indicated that the price of a single domestic stamp will rise from the current $1.44 to $2 in 2027. Domestic stamp costs will then increase by seven per cent each year after 2027.
Prices for U.S.-bound and international letter stamps will also increase, though specific amounts have not yet been decided.
Alongside the planned price hikes, the federal budget provides another $1.2 billion over seven years to support Canada Post’s move to community mailboxes.