Netflix hikes Canadian prices.

Netflix, an American entertainment company is raising its Canadian prices for the first time in almost two years.

The popular video streaming service is hiking prices for new members effective immediately. It will do the same for existing users after notifying them by email in the coming weeks.

The basic plan, which does not offer high definition video and only permits one streaming screen at a time, goes up a dollar to $8.99 a month and standard plan will cost a dollar more — or $10.99 a month — to watch content on two screens at a time.

Premium plan subscribers will pay $2 more for up to four simultaneous streams and ultra high-definition 4K content. It will now cost $13.99 monthly.