The rates for Canada Post to increase from 14 January

Les tarifs de Postes Canada en hausse à partir du 14 janvier

Photo: Annik MH de Carufel
At the end of the month of November, Canada Post announced that it expected to conclude its fiscal year with a deficit.

Unless you’re really in a hurry, send your letter to father Christmas, the next year, it will cost you five more.

Canada post has announced that as of 14 January, the cost of a stamp for a letter to Canada will be $ 1.05, instead of a dollar. The other rate increases on the mail to the interior of the country vary between $ 0.05 and $ 0.35 per depending on the size of the envelope.

The cost of sending a letter to the U.s. will increase from 0.07 $ and ($0.20), while the mail overseas is expected to climb between $ 0.15 and $0.20 per share.

This is the first rate increases since march 2014.

According to Canada Post, these increases are expected to generate $ 26 million of additional revenues, of which 11 million individuals and 15 million small and medium-sized enterprises.

A text of regulations, published online Monday estimated that the new rates will cost about $ 0.65 a to the average canadian household in the next year.

For small businesses that use stamps, the average cost of the increase should amount to 14,21 $.

Canada post over since a long time the decline of the mail in favor of email. The text of the regulation specifies that the volume of mail has decreased by almost half since 2006, approximately two billion of letters of less, and so do the revenues of the State company.

The federal rules require that Canada Post established the postal rates are fair, reasonable, and sufficient to cover its operating costs.

“Given the current rate of decline in volumes of letter mail and the other financial pressures facing the Corporation, it may be that Canada Post can no longer generate sufficient revenues to meet its future obligations in terms of service without make periodic changes to its tariff structure “, one can read in the publication of The Canada Gazette.

At the end of the month of November, Canada Post announced that it expected to conclude its fiscal year with a deficit.

The postal service has been instructed, in September, an increase of 25 per cent the salaries of employees in suburbs and rural areas. A measure that is expected to cost, according to the State-owned company, a $ 550 million by the end of the year, including a share of the $ 130 million included in the financial statements of the last quarter of 2017.

The employees of Canada Post have triggered rotating strikes at the end of the month of October, but about a month later, the liberal government passed a special law to put an end to the means of pressure after the State-owned company complaints a record number of package deliveries in late at the approach of the holiday season.

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