Canada Post recently launched it’s permanent stamp. Purchase the stamp now and never have to worry about increases to stamp rates that force you to buy those pesky 1 cent stamps.
Thinking of hedging against future stamp price increase by stocking up? Think again. Canada Post can only legally raise stamp prices by 66.67% of the inflation rate. According to my calculation, the average inflation rate in the last 30 years is about 4.8%. Two-thirds of that is 3.2%. A pretty shitty annual return if you ask me. This is especially true if you consider the last 10 years where inflation averaged under 2%.
Don’t be tricked by Canada Post’s marketing. You’re better off throwing your millions in the TSX Composite, which averaged about 8% over the same period.