News releases

MoneyGram, a global provider of innovative money transfer and payment services, and Canada Post, a trusted partner for over 15 years, have introduced flat fee pricing for money transfers.

Canada Post is proposing to increase postage rates in 2020 by two cents for a domestic LettermailTM item of 30 grams or less. For stamps purchased in a booklet, coil or pane, the rate would become $0.92 per stamp, up from the current rate of $0.90. Buying a single domestic stamp for the same item would cost $1.07, up from the current rate of $1.05. These rate changes would take effect on January 13, 2020.

MoneyGram (NASDAQ: MGI) a global provider of innovative money transfer services, has announced a new digital money transfer service with Canada Post, enabling money transfer consumers to start a transaction online and conveniently complete it at select Canada Post locations.

Canada Post recorded a profit before tax of $23 million in the first quarter of 2019, as growth in its Parcels business continued, but only moderately due to the continued impact from major customers making other delivery arrangements last fall and into 2019.

Now in their eighth year, the Canada Post E-commerce Innovation Awards celebrate Canadian businesses of all sizes, from every corner of the country.

Canada Post is proud to announce the winners of the 2018 Aboriginal Education Incentive Awards. The awards recognize the commitment made by Canadians of Indigenous heritage who have chosen to return to school after an absence from formal education.

Canada Post is reporting a loss before tax of $270 million for 2018. Three main non-recurring items factor into the result: the $280 million cost of resolving pay equity and the estimated $135 million net impact of the labour disruption in the fall, partially offset by a $48 million gain after an actuarial update to workers compensation liabilities.