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Another hike on the way for Netflix Canada subscribers

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Netflix Canada is planning its biggest price increase for subscribers as competition intensifies in the streaming platforms marketplace.

The company’s standard plan which allows users to watch content on two screens at a time will now cost $13.99 a month – a monthly increase of $3.

Netflix’s basic plan – which does not offer high-definition video and only allows one stream – rises a dollar to $9.99 a month.

Premium plan subscribers will see a hike of $3, for a monthly subscription costing $16.99. The premium plan allows for up to four simultaneous streams and ultra high definition 4K video.

The company says the increase is their highest yet for both new subscribers and current members.

They say the hike will help fund upcoming TV series and films as well as overall improvements to the Netflix platform.

Other streaming platforms in Canada have proved to be intense competition for the company.

Bell Media introduced a higher tier of its Crave streaming service that includes a selection of recent Hollywood movies and new HBO programs. Next year, Disney plans to jump into the market with its own streaming platform.