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Stamp Prices Rise Significantly Monday

The cost of stamps rises significantly as of Monday.

Canada Post’s new pricing structure includes Permanent or “P” stamps bought in booklets, coils and panes going up to $0.85 per stamp, from $0.63.

Single stamps bought will cost customers $1.

Spokesperson Eugene Knapik says the typical Canadian household buys fewer than two stamps a month which means it will cost an additional $5 per year.

He also has what this means for businesses.

Sarnia Mayor Mike Bradley has voiced concerns that the hike will cost the city, which is mandated to use Canada Post, an extra $10,000 annually and Bluewater Power $27,000.

Canada Post’s Five-Point Plan also includes conversion of door-to-door delivery to community mailboxes and addressing the cost of labour through attrition and negotiations.