Canada Post Stamp Prices Increase 25 Percent After Strike Ends – Video And Customer Reaction
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.
Canada Post is an important service for many Canadians, and for it to survive it needs to change. An extra quarter for a stamp is a small price to pay for this. Next we need weekend parcel delivery, postal banking, and to reduce last mile delivery costs. https://t.co/HMrmma7ytL
— Andrew Nicholson (@_AndrewRN) January 13, 2025
Canada Post just announced that the price of a single domestic stamp increased from $1.15 to $1.44
— Martyupnorth®- Unacceptable Fact Checker (@Martyupnorth_2) January 13, 2025
That's a $0.29 increase or 25% increase.
What kind of business increases its prices by 25% and expects to survive.https://t.co/C6LTbX6TE2 pic.twitter.com/iwPDTPswdB
Only a 25% increase for stamps?
— Contrarian (@ContrarianTribe) January 13, 2025
Is this how Canada post is going to be more competitive and not go bankrupt?
Who mails anything anymore?https://t.co/UHquaIl2oN pic.twitter.com/28ct6Yevlr
Seen people freaking out about Canada Post raising the cost of stamps...
— rawton (@DickHeadSays) January 13, 2025
All I can think is....
People still mail things? I honestly can't even remember the last time I bought a stamp.
Canada Post increasing stamps by 25 % today. Canadian’s must boycott this corporation. Use them only when there is no other option. No more cards in the mail for me.
— James McCormack (@6795548) January 13, 2025
I have 10 stamps left ... when they're gone I won't be mailing anything through Canada Post.
— Darlene B (@albertadar58) January 14, 2025
So breaking news... Canada Post stamps prices are going up again.... pic.twitter.com/v42CbfJwHZ
— SheldonGron (@Sheldon4PM) January 13, 2025
canada post increasing the cost of stamps by 25% right after a month long strike before christmas like what
— le $ bean (@lonelyasshole) January 13, 2025
Canada Post has increased the price of stamps from $1.15 to $1.44. People in their 70s are furious right now.
(@darren_fm) January 13, 2025
This is ridiculous. What is inflation rate for stamps???? Canada Post will go out of business.
— Chief (@ChiefLorenzo10) January 13, 2025
Canada Post raises postage by 29 cents in the belief that this will bring in more money. It may do the opposite as people shun snail mail even more. I still have 40 “Permanent/Forever” stamps left on a roll of 100 bought many years ago. That’s forever at the rate I use them.
— Ted Spurgeon (@TedSpurgeon1) January 13, 2025
It is unbelievable an increase in Canada Post stamps of 25% is being justified by saying deliveries to more addresses BUT much less mail is being delivered. This makes zero sense. "Canadian letter mail volumes have declined by 60 per cent over the last two decades, from
— (@perfectrose2011) January 13, 2025
Canada Post is once again hiking its postage stamp price after a disastrous Christmas strike for its 'customers'; one that has left them out in the cold about the national mail service and less likely to buy stamps from them at all in future.
— Charles @ Victoria (@CharlesVic50) January 13, 2025
Only a 25% increase for stamps?
— Contrarian (@ContrarianTribe) January 13, 2025
Is this how Canada post is going to be more competitive and not go bankrupt?
Who mails anything anymore?https://t.co/UHquaIl2oN pic.twitter.com/28ct6Yevlr