(Monica Lamb-Yorski/Black Press Media)

Canada Post proposes raising stamp prices by two cents next year

The proposals are subject to a 30-day consultation

Canada Post is proposing to raise the prices of stamps ever-so-slightly next year.

The federal corporation says it is looking to increase the price of stamps two cents, to 92 cents, for a stamp purchased as part of a sheet of stamps, or to $1.07 for a single stamp.

READ MORE: Canada Post warns of huge losses as postal staff ordered back to work

The Crown corporation says it expects the cost to Canadians would be about 26 cents a year and the cost to businesses would be about $6.

Regulations made public Friday show the cost to send mail or packages internationally would go up between three cents and 48 cents depending on the size and destination.

The proposals are subject to a 30-day consultation.

If approved, the new rates would take effect Jan. 13, 2020.

Last year, Canada Post delivered about three billion pieces of mail, a 44-per-cent decline from a peak in 2006, though that’s partly because of major work stoppages in the fall related to a labour dispute.

Meanwhile, an average of 174,000 new addresses are added in Canada each year, requiring Canada Post to deliver to more places.

The result, the Crown corporation says, is a drop in revenue with a before-tax loss of $270 million in 2018 compared to a profit of $76 million in 2017.

Increasing postage rates would generate $9 million in gross revenues, Canada Post predicts.

The Canadian Press

Like us on Facebook and follow us on Twitter.

Just Posted

Would you support a rainbow crosswalk in 100 Mile House?

A weekly web poll from the 100 Mile Free Press

RCMP arrest man without incident after careless use of a firearm

A 55 year old male was arrested without incident by 100 Mile House RCMP on August 17

Indigenous artist keeps her culture alive in new children’s book

‘For hundreds of years, it was the animals they used [in stories] because they were common things’

Police name second suspect, lay kidnapping and attempted murder charges in connection with Rudy Johnson Bridge incidents

Drynock is considered dangerous, do not approach him and call the local RCMP detachment immediately

Celebrity Pie-Eating Contest headlines 2019 South Cariboo Summer Festival

Gisela Janzen was the winner of the first annual pie-eating contest at the South Cariboo Rec. Centre

Disney Plus to launch in Canada in November

Analysts say latest streaming service may escalate cord cutting

B.C. manhunt suspects left cellphone video before they died: family

Family member says Kam McLeod, Bryer Schmegelsky recorded final wishes

Okanagan bus driver assaulted for asking patron not to smoke

59-year-old in hospital with non-life threatening injuries

B.C. sets rules for ride hailing, same minimum fee as taxis

Larger operating areas seen as threat by cab companies

Two hiking families team up to extinguish fire in B.C. backcountry

Children and their parents worked for three hours to ensure safety of the popular hiking region

Vancouver man arrested after pregnant woman’s SUV stolen, then crashed

Police are recommending charges against a 22-year-old Vancouver man

Elections Canada to assess ‘partisan’ climate change rhetoric case by case

People’s Party of Canada Leader Maxime Bernier has said climate change is not an emergency nor caused by human

Unseasonable snow forces campers out of northeastern B.C. provincial park

Storm brought as much as 35 centimetres of snow to the Fort Nelson, Muncho Lake Park-Stone Mountain Park

Most Read