Close X
Thursday, November 28, 2024
ADVT 
National

Canada Post aims to increase price of stamps; changes would take effect in May

Darpan News Desk The Canadian Press, 09 Feb, 2024 06:06 PM
  • Canada Post aims to increase price of stamps; changes would take effect in May

It may soon cost more to send letters in the mail.

Canada Post is aiming to raise the cost of stamps by seven cents, to 99 cents, for stamps purchased in a booklet, coil or pane, which it says account for the majority of sales.

The price of stamps purchased individually would go up to $1.15 from $1.07 for a domestic letter.

Other products, including U.S., international letter-post and domestic registered mail, would also be affected by the rate changes.

The price increases were announced for public comment today and, subject to regulatory approvals, would take effect on May 6.

Canada Post says domestic letter mail rates have gone up twice in the last decade: by five cents in 2019 and two cents in 2020. It says the last "major pricing change" was made in March 2014.

The agency says the proposed price increase comes as it faces "considerable" financial pressure due to inflation and the fact that each year, there are fewer letters to deliver to more addresses.

It says the impact of the change is estimated to be about 65 cents per year for the average Canadian household, and about $12.07 for the average Canadian small business.

MORE National ARTICLES

Burnaby motorcyclist killed in weekend crash

Burnaby motorcyclist killed in weekend crash
Burnaby RCMP are looking for witnesses after a motorcyclist was killed in a crash Saturday. Police say the motorcycle was travelling westbound on Grange Street and at the same time an S-U-V travelling the opposite direction was turning onto Chaffey Avenue. 

Burnaby motorcyclist killed in weekend crash

3 facing charges in alleged carjacking in Surrey

3 facing charges in alleged carjacking in Surrey
Three people are facing multiple charges after an alleged carjacking in Surrey. Mounties say they responded to a report of a vehicle being taken at gunpoint Sunday afternoon.  

3 facing charges in alleged carjacking in Surrey

Nearly 20,000 without power in B.C. as wintry winds lash south coast

Nearly 20,000 without power in B.C. as wintry winds lash south coast
Nearly 20,000 people are without power this morning as wintry winds sweep over British Columbia's south coast and snow falls in the Interior. The BC Hydro website shows dozens of outages, with most in the Lower Mainland, on the Sunshine Coast and on Vancouver Island, including parts of Victoria.

Nearly 20,000 without power in B.C. as wintry winds lash south coast

Speed a factor in fatal Maple Ridge crash

Speed a factor in fatal Maple Ridge crash
Police believe speed was a factor in last week's deadly car crash in the Greater Vancouver Area. Officers say a Pontiac allegedly crossed into an oncoming line in Maple Ridge on Friday before crashing with a Honda Civic.

Speed a factor in fatal Maple Ridge crash

Indian national hoping for permanent residency dies in Canada car crash

Indian national hoping for permanent residency dies in Canada car crash
A 26-year-old Indian national, hoping to get permanent residency in Canada, died in a single-vehicle crash in the country's New Brunswick province. Harwinder Singh, a resident of Mohali in Punjab, died on the spot in the December 26 crash on Highway 2 at Sainte-Anne-de-Madawaska that left two others with non-life threatening injuries, the Global News reported this week.

Indian national hoping for permanent residency dies in Canada car crash

Passenger gets $400K compensation after negligence by Indian-origin taxi driver

Passenger gets $400K compensation after negligence by Indian-origin taxi driver
Jane Stillwell got ejected from her wheelchair and suffered significant injuries when driver Gurdeep Singh Sohi made an "abrupt and hard brake" to avoid collision with another car in 2018. The car ahead of Sohi, employed with Richmond Cabs Ltd, had braked to avoid hitting a raccoon. Stillwell will also get C$171,470 for her future care and C$10,423 in special damages, making the total $406,893, the British Columbia Supreme Court said in a judgment issued on December 27, 2023.

Passenger gets $400K compensation after negligence by Indian-origin taxi driver