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It could quickly price extra to ship letters within the mail.
Canada Publish is aiming to lift the price of stamps by seven cents, to 99 cents, for stamps bought in a booklet, coil or pane, which it says account for almost all of gross sales.
The worth of stamps bought individually would go as much as $1.15 from $1.07 for a home letter.
Different merchandise, together with U.S., worldwide letter-post and home registered mail, would even be affected by the speed adjustments.
The worth will increase have been announced for public comment today and, topic to regulatory approvals, would take impact on Might 6.
Canada Publish says home letter mail charges have gone up twice within the final decade: by 5 cents in 2019 and two cents in 2020. It says the final “main pricing change” was made in March 2014.
The company says the proposed value improve comes because it faces “appreciable” monetary strain on account of inflation and the truth that every year, there are fewer letters to ship to extra addresses.
It says the influence of the change is estimated to be about 65 cents per 12 months for the typical Canadian family, and about $12.07 for the typical Canadian small enterprise.
This report by The Canadian Press was first printed Feb. 9, 2024.
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