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Friday July 10th, 2015

Posted at 7:49am

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Canada Post is proposing to increase postage rates in 2016.

They say that declining mail volumes continue to have a significant impact on their financial situation

In 2014 they delivered 1.4 billion fewer pieces of Domestic Lettermail than in the peak year of 2006. Some of the biggest declines have occurred in 2015, accelerating the erosion of Canada Post’s core business.  As mail volumes fall, the number of addresses served also rises every year, affecting Canada Post’s cost of doing business.

Canada Post estimates the average Canadian household purchases fewer than two stamps a month, while the typical small business purchases fewer than 250 stamps per year.

The proposed increase will see the postage rate for Domestic Lettermail items weighing 30 grams or less when purchased in a booklet, coil or pane to $0.90 from the current rate of $0.85. The price of a single stamp would remain $1.00. The rate change would take effect on January 11th, 2016 and replace rates that will have been in effect for 21 months.

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