Cost to mail letter rising two cents next week

Cost to mail letter rising two cents next week
Jane Stevenson
January 10, 2020
January 10, 2020 9:00 AM EST
Postmedia Network photo
The cost of mailing a letter in Canada will increase by two cents on Monday to 92 cents, according to Blacklock’s Reporter.
The federal cabinet agreed to boost the cost of a current 90-cent stamp, saying the two-cent increase should have minimal impact.
“Increasing regulated rates is only one of several means employed by Canada Post to enhance its long-term financial sustainability,” cabinet wrote while amending Letter Mail Regulations.
But this latest hike is the fourth stamp price increase in six years, and in the last two years alone, increases in rates have raised $35 million.
Blacklock’s says over the last decade, the cost of mailing a letter in Canada has risen 70% from 54 cents to 92 cents — compared to the equivalent of 77 cents in the U.S.
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And Dan Kelly, CEO of the Canadian Federation of Independent Business, says the hikes will hurt those he represents.
“Businesses won’t walk away from Canada Post, they’ll run away from it,” Kelly told Blacklock’s.
“Many Canadians may not use the post office but it is still a significant service for many small businesses.”
Also increasing are letters to the U.S. ($1.27 to $1.30), overseas mail ($2.65 to $2.71) and registered mail within Canada ($9.50 to $9.75).
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