Price of a domestic stamp would increase to 90 cents
OTTAWA, June 21, 2018 /CNW/ - Canada Post is proposing to increase postage rates in 2019. The postage rate for domestic Lettermail™ items weighing 30 grams or less when purchased in a booklet, coil or pane would increase to $0.90 from the current rate of $0.85. The price of a single domestic stamp would increase to $1.05 from the current rate of $1.00. The rate change would take effect on January 14, 2019.
In January 2018, the Government of Canada unveiled a new vision for Canada Post focused on ensuring Canadians have access to high-quality postal services at a reasonable price, no matter where they live. This requires the Corporation to remain financially viable, generating sufficient revenues to support current and future services.
Canada Post works to strike the right balance between the need for greater revenues and ensuring it continues to provide good value to the people who rely on the postal service. While usage varies, the impact of the first increase since 2014 would be less than a dollar a year for the average Canadian household and about $14 per year for the typical small business. Canadians can avoid the cost increase by purchasing Permanent™ stamps at the current rate in advance of the change.
Canada Post is also proposing to increase rates for other domestic Lettermail, U.S. and international Letter-post items and domestic Registered Mail™. The current proposals will be published for comment on June 23, 2018 in the Canada Gazette Part I. Going forward, the Corporation will resume its annual review of regulated postage rates.
SOURCE Canada Post
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