Canada Post proposes 25-cent hike for stamps in 2025
Author of the article:Canadian Press
Canadian Press
Published Sep 09, 2024 • 1 minute read
Canada Post says it's proposing an increase of regulated postage rates for 2025.
Canada Post says it's proposing an increase of regulated postage rates for 2025.
OTTAWA — Canada Post is proposing an increase to regulated postage rates next year, bringing the price of most stamps up by 25 cents to $1.24.
The organization said it’s kept letter mail rate increases to a minimum over the past decade and the one-time increase would help align stamp prices with the rising cost of providing the service.
Canada Post said letter mail volumes have decreased by 60% over the last two decades while the number of addresses to serve has gone up.
In August, Canada Post’s board chair said its financial situation was unsustainable as it deals with not only lower letter volumes, but also more competition in parcel delivery.
Canada Post said that if approved, the new rates would take effect on Jan. 13 after the holiday mailing season.
It said the new rates would generate about $80 million in additional gross revenue in 2025.
torontosun.com
Author of the article:Canadian Press
Canadian Press
Published Sep 09, 2024 • 1 minute read
Canada Post says it's proposing an increase of regulated postage rates for 2025.
Canada Post says it's proposing an increase of regulated postage rates for 2025.
OTTAWA — Canada Post is proposing an increase to regulated postage rates next year, bringing the price of most stamps up by 25 cents to $1.24.
The organization said it’s kept letter mail rate increases to a minimum over the past decade and the one-time increase would help align stamp prices with the rising cost of providing the service.
Canada Post said letter mail volumes have decreased by 60% over the last two decades while the number of addresses to serve has gone up.
In August, Canada Post’s board chair said its financial situation was unsustainable as it deals with not only lower letter volumes, but also more competition in parcel delivery.
Canada Post said that if approved, the new rates would take effect on Jan. 13 after the holiday mailing season.
It said the new rates would generate about $80 million in additional gross revenue in 2025.
Canada Post proposes 25-cent hike for stamps in 2025
Canada Post is proposing an increase to regulated postage rates next year, bringing the price of most stamps up to $1.24.
