Canada Post proposes postage rates increase

OTTAWA — Canada Post is proposing to increase both domestic and international postage rates next year in a move it says is necessary to offset a continuing decline in mail volumes. The federal Crown corporation wants to raise the prices of Canadian and U.S. stamps bought in booklets, coils or sheets for most letter mail weighing 30 grams or less. If approved, the increase would mean each domestic stamp would cost 90 cents - an increase of five cents - as of Jan. 11. The hike would not apply to single domestic stamps, which cost $1.