Costco is increasing its annual membership fees in Canada and the U.S. this fall.
The company made the announcement as it reported its sales results for June.
- The latest on inflation in Canada
Costco says that effective Sept. 1, Canadians holding an individual, business or business add-on membership will see their annual membership fees go up by $5 to $65.
Those with executive memberships will receive a $10 increase to $130, and will also see their maximum annual rewards increased.
U.S. Costco members will receive the same increases.
The wholesale retailer says the fee increases will affect around 52 million memberships, a little over half of which are executive memberships.
This report by The Canadian Press was first published July 10, 2024
