(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.

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Frontline volunteers bring handwashing stations to Pandora tent city and beyond

‘The basic premise of this is to fight COVID-19 … right?’

Greater Victoria resident sick with COVID-19 calls it a ‘horrible disease’

Tim Boat says he has ‘extreme coughing fits every hour’ to clear his lungs

Victoria to reassess 2020 budget in light of COVID-19; more hotel rooms found for the homeless

Victoria Mayor Lisa Helps provided an update on municipal measures on March 31

Tents, sleeping bags donated to Our Place from local Victoria store

Robinson’s Outdoor Store received funds from PwC Canada to make the donation

Victoria police seek public help finding high-risk missing woman last seen on ferry

Mariah Konchak has shoulder-length dark hair, scars above her right eye and may be missing a tooth

B.C. records five new COVID-19 deaths, ‘zero chance’ life will return to normal in April

Province continue to have a recovery rate of about 50 per cent

6.5-magnitude earthquake in Idaho shakes B.C. Interior

An earthquake was reportedly felt just before 5 p.m. throughout the Okanagan

John Horgan extends B.C.’s state of emergency for COVID-19

Premier urges everyone to follow Dr. Bonnie Henry’s advice

B.C.’s first community COVID-19 death was dentist ‘dedicated’ to health: lawyer

Vincent was 64 when he died on March 22 after attending the Pacific Dental Conference

Two inmates at prison housing Robert Pickton test positive for COVID-19

Correctional Service of Canada did not release any details on the identities of the inmates

BC SPCA launches matching campaign to help vulnerable animals after big donations

Two BC SPCA donors have offered up to $65,000 in matching donations

Quarantined B.C. mom say pandemic has put special-needs families in ‘crisis mode’

Surrey’s Christine Williams shares family’s challenges, strengths

Anti-tax group calls for MPs, senators to donate scheduled pay raises to charity

Bill C-30, adopted 15 years ago, mandates the salary and allowance increases each calendar year

Liberals delay release of 75% wage subsidy details, costs: Morneau

Program will provide up to $847 per week for each worker

Most Read