(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

Kelowna Falcons’ take flight for shut-out victory

Kelowna’s bats and pitchers led the Falcons to a 3-0 win

Unexpected snow on Okanagan Connector, Pennask Summit

As of 6:50 a.m. DriveBC cameras displayed surprise snowfall on highway

Spikeball tournament sets up for Kelowna summer

The tournament for the four-player beach game comes July 13

Lake Country’s Canada Day will have plenty; just no fireworks

District communications officer Karen Miller says Lake Country has a unique celebration

Rustic Reel to serve up human connection soon in Okanagan

‘Kelowna girl’ Susi Foerg has poured her heart and soul into new brewery

VIDEO: Weekday weather update for the Okanagan Valley

Snow is expected on the Okanagan connector and thunderstorms across the Valley

Billboard posted along B.C.’s Highway of Tears to remember missing and murdered Indigenous women

Billboards featuring Indigenous artwork to be placed in Surrey, Kamloops and near Prince George

Driver loses tire while behind the wheel after lug-nut thief strikes in Burnaby

Burnaby RCMP are investigating after two reports of lug-nut tampering in the city this month

Federal cabinet ministers visit Edmonton, Calgary, in wake of TMX approval

Natural Resources Minister Amarjeet Sohi is set to visit Trans Mountain Corp.’s terminal in Edmonton

B.C. municipality prepares to forbid overnight camping by homeless despite court ruling

While courts have ruled against blanket bans, Langley City is employing a site-by-site approach

B.C. auditor says Indigenous grad rate highest ever but education gaps exist

The percentage of Indigenous students graduating from B.C. public high schools has hit its highest level ever

Statistics Canada reports annual pace of inflation rises in May to 2.4%

Transportation prices gained 3.1 per cent as the cost of air transportation added 8.9 per cent

Beekeepers from Argentina find sweet success in Shuswap

Honey Onyx Apiary is hoping to increase its operations by 200 hives this year

UPDATE: BC Wildfire crew spotted small wildfire in the South Okanagan

BC Wildfire has listed a new blaze, west of Penticton

Most Read