Saturday , October 23 2021

Canada Post stamp prices rise on January 14



[ad_1]

The Canada Post says that the cost of an individual seal on a letter sent within Canada will jump to $ 1.05 instead of a loonie, starting Jan. 14.

Other increases for in-country mail range from a penny to 35 cents, depending on the size of the letter.

The cost of sending letters to the United States will rise by seven to 20 cents, while international mail will cost 15 to 20 cents more to get there.

The new rates are the first increase since March 2014.

The Canada Post said the increases should generate $ 26 million a year in revenue for the postal service, of which $ 11 million will come from consumers and the remaining $ 15 million from small and medium-sized enterprises.

The regulatory text published online on Monday estimates that the new tariffs will cost the average Canadian family about 65 cents in the next year.

The average cost for small businesses that use stamps to pay for postage will be about $ 14.21.

Difficult Revenue

Canada Post has long pointed to declining mail as more Canadians choose to send e-mail instead of a written note. The regulatory text says the volume of letter mail has almost halved since 2006 – about two billion letters – and along with revenue for the Crown corporation.

Federal regulations require Canada Post to set postage rates that are fair, reasonable, and sufficient to help defray operating expenses.

"Given the current rate at which mail volumes are falling and the other financial pressures the Canada Post faces, it may no longer generate enough revenue to meet its service obligations in the future without regular changes in its fee structure," says one announcement in the Canada Gazette, a government publication detailing new federal rules and regulations.

Canada Post official, Shelly Paul, delivers the mail in Snow Water Valley, Alta. (Jeff McIntosh / Canadian Press)

In late November, the Canada Post said it expects to end its fiscal year at a loss.

The postal service was sentenced in September to increase pay for suburban and rural workers by 25 percent, which the agency said would cost $ 550 million by the end of the year, including $ 130 million. end of the quarter of 2017.

Postal workers went on revolving strikes in late October, but about a month later the liberals legislated the end of labor lawsuit after the Canada Post complained that a backlog of orders had reached historic levels before the crucial end-of-purchase of year.

[ad_2]
Source link