Close X
Sunday, November 10, 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

Housing market could rebound in 2024

Housing market could rebound in 2024
The Canadian housing market could be in for a rebound in 2024. That is the forecast coming from economists after a year of caution and shifting expectations spurred by rising borrowing costs.  

Housing market could rebound in 2024

Victim of New York bus crash identified as 74-year-old Montreal woman

Victim of New York bus crash identified as 74-year-old Montreal woman
New York State Police have identified Jeanne Elzanie Jourdan Colin, a 74-year-old Montrealer, as the person who died in a tour bus crash in Lake George, N.Y., on Friday. They say one person remains in critical condition at an Albany, N.Y., hospital.

Victim of New York bus crash identified as 74-year-old Montreal woman

Trudeau to join mourners at memorial for victims of downed plane

Trudeau to join mourners at memorial for victims of downed plane
Prime Minister Justin Trudeau will join mourners in Richmond Hill, Ont., this afternoon to mark four years since the Iranian military shot down Flight PS752. Everyone aboard was killed when Iranian officials shot down the Ukraine International Airlines jetliner in January 2020 shortly after its take-off from Tehran.

Trudeau to join mourners at memorial for victims of downed plane

One dead in BC helicopter crash

One dead in BC helicopter crash
The RCMP says one person has died in a helicopter crash near Revelstoke, B.C. They say the helicopter, which was first reported missing Friday, was found in Glacier National Park.

One dead in BC helicopter crash

Third shooting in three days in Coquitlam, B.C., sends man to hospital

Third shooting in three days in Coquitlam, B.C., sends man to hospital
Mounties in Coquitlam, B.C., say a third shooting in as many days has left a man with life-threatening injuries. They say officers responded to a call around 4:15 p.m. Saturday and found the man, who was then taken to hospital.  

Third shooting in three days in Coquitlam, B.C., sends man to hospital

B.C. braces for winter storm, with 50 cm of snow forecast for inland

B.C. braces for winter storm, with 50 cm of snow forecast for inland
Environment Canada has issued heavy snowfall warnings for a number of key highways in British Columbia with accumulation of up to 50 centimetres possible in some inland stretches. The highway warnings come as British Columbia's south and central coast are getting their first taste of winter weather this year, with snow falling over parts of Metro Vancouver. 

B.C. braces for winter storm, with 50 cm of snow forecast for inland