(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

Parks and Recreation Advisory Committee supports added regulations, rezoning of Three Blind Mice

The recommendations will be presented to Penticton city council at an upcoming meeting

Warmer fall weather could extend wildfire season: AccuWeather

Above seasonal temperatures are expected throughout September, October and November

South Okanagan dangerous offender back in court

Administrative error has led to more court time being used up in Penticton

Nominees announced for 2019 Business Excellence Awards

The event is presented this year by McPhail Kilt Makers, hosted Oct. 5 at Penticton Lakeside Resort

Penticton Vees gearing up for exhibition games

Among their exhibition hockey games are two against the defending champion Brooks Bandits

VIDEO: Title of 25th Bond movie is ‘No Time to Die’

The film is set to be released in April 2020

RCMP catch ‘erratic’ driving thieves; upon release steal mountain bike

The incident involved a police chase, taser, and a destroyed vehicle

New study suggests autism overdiagnosed: Canadian expert

Laurent Mottron: ‘Autistic people we test now are less and less different than typical people’

B.C. father tells judge he did not kill his young daughters

Andrew Berry pleaded not guilty to the December 2017 deaths

Trans Mountain gives contractors 30 days to get workers, supplies ready for pipeline

Crown corporation believes the expansion project could be in service by mid-2022

Riot on the Roof returns to top of North Okanagan Parkade

Party of the summer will rock out above the city

Heavy police responses in Kamloops connected to unfounded weapons calls

Mounties were seen in Westsyde and in North Kamloops on Tuesday night and Wednesday morning

Suspect drops white powder running from police near Kelowna playground

Kelowna RCMP responded to reports of two individuals swinging a chain in a park

Rosemount cooked diced chicken linked to listeria case in B.C.

The symptoms of listeria include vomiting, nausea, fever, muscle aches

Most Read