Saturday , November 28 2020

Cost of sending a letter in Canada goes up 5 cents on January 14

Unless you really hurry, you will send a letter to Santa for next Christmas.

From January 14, Canada Post says that the price of an individual stamp on a letter sent in Canada will be $ 1.05 instead of a loonie. Other land increments range from a dime to 35 cents depending on the size of the letter.

The cost of sending letters to the US will be between seven and twenty cents, while overseas mail will need an additional 15 to 20 cents to get there.

The new rates are the first increase since March 2014.

Canada Post says the increases will generate $ 26 million in postal revenue, of which $ 11 million comes from consumers and the remaining $ 15 million from small and medium-sized businesses.

Regulatory text submitted online Monday estimates that the new rates will cost the average Canadian household about 65 cents next year.

The average price for small businesses using postage stamps will be about $ 14.21.

Canada Post has long pointed to the fall in mailing as several Canadians opt to send emails instead of a written note. The legislative text says that the mail volume has almost halved since 2006 – about two billion letters – and along with the Crown Corporation's revenue.

Federal rules require Canada Post to set reasonable, reasonable and sufficient postage rates to help cover operating costs.

"Given the current rate at which mail volumes drop and the other financial pressures faced by Canada Post, it can no longer generate enough revenue to meet its service obligations in the future without regular changes in its pricing structure," says a post in Canada Gazette, a government publication detailing new federal rules and regulations.

At the end of November, Canada Post said it expects to end the financial year with losses.

The postal service was ordered in September to increase the payment for suburban and rural postal workers by 25 percent, which the agency said would cost 550 million. USD at year-end, including a fee of 130 million. USD posted on its books in the last quarter of 2017.

Post workers went on rotating strikes at the end of October, but about a month later, the Liberals promised a halt to the post-Canada job stakes that Canada Post complained that a backlog of packages had reached historic levels prior to the decisive holiday season.

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