Monday, February 26, 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

Judge rejects bid to bar father of B.C. murder victim from Ibrahim Ali proceedings

Judge rejects bid to bar father of B.C. murder victim from Ibrahim Ali proceedings
The father of a murdered 13-year-old girl may continue listening in remotely to post-trial proceedings, a British Columbia Supreme Court judge ruled, rejecting an application by the convicted killer's lawyers who said they feared for their safety. The girl was found dead in a Metro Vancouver park in 2017, and a jury found Ibrahim Ali guilty of her first-degree murder last December.

Judge rejects bid to bar father of B.C. murder victim from Ibrahim Ali proceedings

Port Moody police officer attacked

Port Moody police officer attacked
A driver has been arrested in Port Moody after police say he tried to grab an officer's sidearm during a sobriety check. Port Moody police say the incident happened last night in the 26-hundred block of Saint Johns Street, when officers made a traffic stop to check on the sobriety of a driver.

Port Moody police officer attacked

Cyclist killed in hit and run

Cyclist killed in hit and run
Mounties say they're searching for a suspect after a cyclist was killed in a hit-and-run crash on Vancouver Island. The Comox Valley R-C-M-P say a passerby found the injured male cyclist late last night near a road in Courtenay, and called 9-1-1, but the cyclist later died in hospital. 

Cyclist killed in hit and run

Vancouver Chinatown's Lunar New Year parade bars two progressive, LGBTQ+ groups

Vancouver Chinatown's Lunar New Year parade bars two progressive, LGBTQ+ groups
Two progressive and LGBTQ+ groups have been rejected from Vancouver's Lunar New Year parade in Chinatown this weekend, with march organizers telling one that it was due to a ban on "political activism." Sunday's Spring Festival Parade in Vancouver is celebrating its 50th anniversary and marks the year of the dragon, which starts on Saturday.

Vancouver Chinatown's Lunar New Year parade bars two progressive, LGBTQ+ groups

BoC expected to take its time with interest rate cuts after January's job gain

BoC expected to take its time with interest rate cuts after January's job gain
The Bank of Canada will be in no rush to cut interest rates after Statistics Canada reported a larger-than-expected employment gain last month, economists say. The federal agency's labour force survey released Friday said the economy added 37,000 jobs in January after several months of relatively no change in employment. Canada’s unemployment rate fell to 5.7 per cent last month, marking the first decline since December 2022.

BoC expected to take its time with interest rate cuts after January's job gain

Trudeau says he's furious over Bell Media layoffs, calling it a 'garbage decision'

Trudeau says he's furious over Bell Media layoffs, calling it a 'garbage decision'
Prime Minister Justin Trudeau is trash-talking BCE Inc.'s widespread layoffs, calling the cuts a "garbage decision." Trudeau says he's furious over Bell Media's decision to end multiple television newscasts and that the corporation should know better.  

Trudeau says he's furious over Bell Media layoffs, calling it a 'garbage decision'

PrevNext