Canada Post has increased stamp prices due to growing financial challenges, effective Monday. The 25% price hike, proposed last year, affects domestic and international mail. Domestic letter stamps now cost $1.44, up from $1.15, while stamps in booklets, coils, or panes have risen from 99 cents to $1.24 each. Other products, including U.S., international letter-post, and domestic registered mail, also see a 25% increase.

The rates, proposed in September and approved in late November during a labor strike, aim to align stamp prices with the rising cost of providing letter mail services amidst declining letter volumes and inflation.

Canada Post estimates the price increase will impact Canadian households by $2.26 per year and small businesses by $42.17 annually. This comes after reporting a pre-tax loss of $315 million in Q3 2024, with parcel revenue dropping 5.8% and volumes decreasing by 9.6%.

Despite resuming full domestic services post-strike, Canada Post warns of ongoing delays for transaction, neighborhood, and international mail. The company expects another significant loss for 2024, marking its seventh consecutive annual loss.