I found this stamp with an accumulation of stamps of Canada. Scott # 1185 is a different colour then the stamp I found. I can not seem to find a listing for this colour of stamp.
The stamp background is supposed to be all pinkish red with some blue shading at the top. Looks like the pinkish red has faded away, or maybe that color ran out when the stamp was printed. For fading, that's interesting in that the red on the flag remains strong.
Look at the "non-pink" areas under high magnification and I bet you'll see remnants of the pink color. That stamp looks like its had a pretty rough life, which might account for the fading.